LGI Homes (LGIH) Set to Announce Earnings on Tuesday

LGI Homes (NASDAQ:LGIH – Get Rating) will issue its quarterly earnings data before the market opens on Tuesday, May 3rd. Analysts expect the company to announce earnings of $2.79 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

LGI Homes (NASDAQ:LGIH – Get Rating) last announced its earnings results on Tuesday, February 15th. The financial services provider reported $4.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.62 by ($0.09). LGI Homes had a net margin of 14.09% and a return on equity of 32.82%. The business had revenue of $801.08 million during the quarter, compared to the consensus estimate of $758.07 million. During the same period in the previous year, the firm posted $5.18 EPS. The company’s revenue was down 10.7% compared to the same quarter last year. On average, analysts expect LGI Homes to post $17 EPS for the current fiscal year and $18 EPS for the next fiscal year.

NASDAQ:LGIH opened at $97.64 on Tuesday. LGI Homes has a 52 week low of $88.13 and a 52 week high of $188.00. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 14.86. The firm’s 50-day simple moving average is $110.12 and its 200 day simple moving average is $129.99. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 5.66 and a beta of 1.55.

In related news, CEO Eric Thomas Lipar sold 32,860 shares of the firm’s stock in a transaction on Wednesday, March 16th. The stock was sold at an average price of $118.99, for a total transaction of $3,910,011.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Rachel Lyons Eaton sold 3,883 shares of the company’s stock in a transaction dated Wednesday, March 16th. The stock was sold at an average price of $118.99, for a total value of $462,038.17. The disclosure for this sale can be found here. Insiders sold 53,472 shares of company stock worth $6,362,633 over the last ninety days. 12.50% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. boosted its holdings in LGI Homes by 130.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 279,910 shares of the financial services provider’s stock valued at $43,241,000 after acquiring an additional 158,424 shares during the last quarter. Morgan Stanley lifted its position in shares of LGI Homes by 53.4% in the 2nd quarter. Morgan Stanley now owns 172,597 shares of the financial services provider’s stock worth $27,951,000 after purchasing an additional 60,088 shares during the period. Parametric Portfolio Associates LLC boosted its stake in shares of LGI Homes by 2.6% in the 4th quarter. Parametric Portfolio Associates LLC now owns 72,433 shares of the financial services provider’s stock valued at $11,189,000 after purchasing an additional 1,845 shares during the last quarter. Legal & General Group Plc increased its position in shares of LGI Homes by 1.9% during the fourth quarter. Legal & General Group Plc now owns 62,710 shares of the financial services provider’s stock worth $9,687,000 after buying an additional 1,153 shares during the period. Finally, California State Teachers Retirement System raised its stake in LGI Homes by 0.7% during the fourth quarter. California State Teachers Retirement System now owns 30,426 shares of the financial services provider’s stock worth $4,700,000 after buying an additional 221 shares during the last quarter. 85.04% of the stock is currently owned by institutional investors.

LGIH has been the subject of several recent research reports. Zacks Investment Research cut LGI Homes from a “buy” rating to a “hold” rating in a research note on Wednesday, April 20th. StockNews.com initiated coverage on LGI Homes in a report on Thursday, March 31st. They set a “sell” rating on the stock. TheStreet downgraded LGI Homes from a “b-” rating to a “c+” rating in a research note on Thursday, April 7th. BTIG Research upgraded shares of LGI Homes from a “sell” rating to a “neutral” rating in a research note on Wednesday, April 20th. Finally, JPMorgan Chase & Co. dropped their target price on shares of LGI Homes from $96.00 to $81.00 and set an “underweight” rating for the company in a research report on Wednesday, April 13th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, LGI Homes currently has an average rating of “Hold” and a consensus price target of $134.50.

LGI Homes Company Profile (Get Rating)

LGI Homes, Inc designs, constructs, and sells homes. It offers entry-level homes, such as attached and detached homes, and active adult homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. The company also engages in the wholesale business, which include building and selling homes to companies looking to acquire single-family rental properties.

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