Equities research analysts expect LGI Homes, Inc. (NASDAQ:LGIH – Get Rating) to report sales of $736.10 million for the current quarter, Zacks reports. Three analysts have issued estimates for LGI Homes’ earnings, with the highest sales estimate coming in at $783.50 million and the lowest estimate coming in at $708.10 million. LGI Homes posted sales of $791.51 million in the same quarter last year, which suggests a negative year-over-year growth rate of 7%. The business is scheduled to issue its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that LGI Homes will report full year sales of $3.17 billion for the current financial year, with estimates ranging from $3.11 billion to $3.21 billion. For the next year, analysts anticipate that the business will post sales of $3.50 billion, with estimates ranging from $3.39 billion to $3.57 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for LGI Homes.
LGI Homes (NASDAQ:LGIH – Get Rating) last posted its earnings results on Tuesday, May 3rd. The financial services provider reported $3.25 EPS for the quarter, topping analysts’ consensus estimates of $2.72 by $0.53. The business had revenue of $546.05 million during the quarter, compared to analyst estimates of $530.07 million. LGI Homes had a return on equity of 30.05% and a net margin of 14.14%. The company’s quarterly revenue was down 22.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.95 EPS.
In other news, COO Michael Larry Snider sold 16,729 shares of LGI Homes stock in a transaction dated Wednesday, March 16th. The stock was sold at an average price of $118.99, for a total value of $1,990,583.71. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Eric Thomas Lipar sold 32,860 shares of LGI Homes stock in a transaction dated Wednesday, March 16th. The stock was sold at an average price of $118.99, for a total value of $3,910,011.40. The disclosure for this sale can be found here. Insiders have sold 53,472 shares of company stock worth $6,362,633 over the last quarter. 12.50% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. increased its stake in LGI Homes by 6.7% during the first quarter. Goldman Sachs Group Inc. now owns 298,602 shares of the financial services provider’s stock worth $29,167,000 after acquiring an additional 18,692 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its stake in LGI Homes by 3.3% during the first quarter. Disciplined Growth Investors Inc. MN now owns 470,045 shares of the financial services provider’s stock worth $45,914,000 after acquiring an additional 14,984 shares during the last quarter. Engineers Gate Manager LP bought a new stake in LGI Homes during the first quarter worth approximately $443,000. UBS Group AG increased its stake in LGI Homes by 3.7% during the first quarter. UBS Group AG now owns 139,902 shares of the financial services provider’s stock worth $13,666,000 after acquiring an additional 4,938 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in LGI Homes by 5.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 200,744 shares of the financial services provider’s stock worth $19,609,000 after acquiring an additional 10,906 shares during the last quarter. 84.31% of the stock is currently owned by hedge funds and other institutional investors.
LGI Homes stock opened at $98.40 on Tuesday. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 5.98 and a beta of 1.49. The stock has a fifty day simple moving average of $102.24 and a two-hundred day simple moving average of $125.37. LGI Homes has a 12 month low of $87.92 and a 12 month high of $185.00. The company has a current ratio of 14.77, a quick ratio of 0.86 and a debt-to-equity ratio of 0.71.
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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