LGI Homes (LGIH) Set to Announce Quarterly Earnings on Tuesday

LGI Homes (NASDAQ:LGIH) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, April 30th. Analysts expect LGI Homes to post earnings of $1.08 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings data on Tuesday, February 20th. The financial services provider reported $2.19 earnings per share for the quarter, missing the consensus estimate of $2.54 by ($0.35). LGI Homes had a return on equity of 11.28% and a net margin of 8.45%. The firm had revenue of $608.41 million for the quarter, compared to analyst estimates of $663.95 million. During the same period in the previous year, the business posted $1.45 EPS. LGI Homes’s revenue for the quarter was up 24.6% compared to the same quarter last year. On average, analysts expect LGI Homes to post $9 EPS for the current fiscal year and $11 EPS for the next fiscal year.

LGI Homes Price Performance

Shares of NASDAQ:LGIH opened at $93.92 on Tuesday. The business’s 50 day moving average is $109.74 and its 200-day moving average is $113.70. The company has a current ratio of 10.66, a quick ratio of 0.42 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $2.21 billion, a PE ratio of 11.15 and a beta of 1.83. LGI Homes has a 1-year low of $84.15 and a 1-year high of $141.91.

Wall Street Analyst Weigh In

Several brokerages recently commented on LGIH. JMP Securities reaffirmed a “market outperform” rating and issued a $160.00 price target on shares of LGI Homes in a research note on Friday, April 5th. Wedbush reaffirmed an “underperform” rating and issued a $74.00 price target (down previously from $88.00) on shares of LGI Homes in a research note on Tuesday, April 2nd. Finally, StockNews.com lowered LGI Homes from a “hold” rating to a “sell” rating in a research note on Wednesday, April 17th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $110.50.

Insiders Place Their Bets

In other LGI Homes news, General Counsel Scott James Garber sold 1,212 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $111.95, for a total value of $135,683.40. Following the transaction, the general counsel now owns 13,824 shares of the company’s stock, valued at $1,547,596.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other LGI Homes news, CFO Charles Michael Merdian sold 6,361 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $111.95, for a total value of $712,113.95. Following the transaction, the chief financial officer now owns 9,458 shares of the company’s stock, valued at $1,058,823.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Scott James Garber sold 1,212 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $111.95, for a total value of $135,683.40. Following the sale, the general counsel now owns 13,824 shares of the company’s stock, valued at approximately $1,547,596.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,435 shares of company stock valued at $2,944,291. 12.20% of the stock is currently owned by corporate insiders.

LGI Homes Company Profile

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 large institutions looking to acquire single-family rental properties.