Brokerages expect LGI Homes Inc (NASDAQ:LGIH) to announce earnings per share of $2.22 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for LGI Homes’ earnings. The highest EPS estimate is $2.32 and the lowest is $2.12. LGI Homes reported earnings of $1.72 per share in the same quarter last year, which would suggest a positive year over year growth rate of 29.1%. The firm is scheduled to report its next quarterly earnings results on Tuesday, February 25th.

On average, analysts expect that LGI Homes will report full year earnings of $6.72 per share for the current year, with EPS estimates ranging from $6.61 to $6.82. For the next financial year, analysts anticipate that the business will post earnings of $7.66 per share, with EPS estimates ranging from $7.63 to $7.68. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that cover LGI Homes.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $1.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.89 by $0.04. LGI Homes had a net margin of 9.43% and a return on equity of 22.07%. The company had revenue of $483.10 million during the quarter, compared to the consensus estimate of $486.83 million. During the same period last year, the firm earned $1.52 EPS. LGI Homes’s revenue for the quarter was up 27.0% on a year-over-year basis.

Several equities analysts have recently weighed in on LGIH shares. BidaskClub cut LGI Homes from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. Zacks Investment Research raised LGI Homes from a “sell” rating to a “hold” rating in a report on Friday, November 8th. JPMorgan Chase & Co. cut LGI Homes from an “overweight” rating to a “neutral” rating and upped their price target for the company from $77.00 to $84.50 in a research report on Wednesday, September 11th. JMP Securities increased their price target on shares of LGI Homes from $83.00 to $89.00 and gave the stock a “market outperform” rating in a report on Friday, September 6th. Finally, BTIG Research raised their price objective on shares of LGI Homes from $62.00 to $65.00 and gave the company a “sell” rating in a research report on Monday, September 23rd. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $83.30.

Shares of NASDAQ:LGIH traded up $0.17 during trading on Thursday, hitting $71.03. 6,961 shares of the company were exchanged, compared to its average volume of 269,680. LGI Homes has a 52-week low of $40.29 and a 52-week high of $89.00. The stock has a 50 day moving average of $76.74 and a 200 day moving average of $75.70. The company has a debt-to-equity ratio of 0.97, a current ratio of 14.90 and a quick ratio of 1.16. The company has a market cap of $1.66 billion, a PE ratio of 11.12 and a beta of 0.48.

In related news, Director Bryan Christopher Sansbury sold 9,200 shares of LGI Homes stock in a transaction on Friday, November 15th. The stock was sold at an average price of $72.00, for a total transaction of $662,400.00. Following the completion of the sale, the director now owns 17,353 shares of the company’s stock, valued at $1,249,416. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 13.40% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of LGIH. Point72 Asset Management L.P. bought a new position in shares of LGI Homes in the 3rd quarter worth $25,000. US Bancorp DE lifted its holdings in shares of LGI Homes by 1,332.6% during the 2nd quarter. US Bancorp DE now owns 659 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 613 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of LGI Homes by 21.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,187 shares of the financial services provider’s stock worth $99,000 after acquiring an additional 206 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of LGI Homes by 379.4% during the 2nd quarter. Bank of Montreal Can now owns 2,114 shares of the financial services provider’s stock worth $151,000 after acquiring an additional 1,673 shares during the last quarter. Finally, Psagot Investment House Ltd. purchased a new position in LGI Homes in the second quarter worth $186,000. Institutional investors own 96.55% of the company’s stock.

LGI Homes Company Profile

LGI Homes, Inc engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, North Carolina, South Carolina, Colorado, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, and Nevada. It offers entry-level homes, such as detached homes and townhomes, and move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name.

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Earnings History and Estimates for LGI Homes (NASDAQ:LGIH)

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