Wedbush Issues Negative Estimate for LGI Homes Earnings

LGI Homes, Inc. (NASDAQ:LGIH) – Equities researchers at Wedbush decreased their Q1 2026 earnings estimates for LGI Homes in a research report issued to clients and investors on Monday, October 6th. Wedbush analyst J. Mccanless now forecasts that the financial services provider will post earnings of $0.74 per share for the quarter, down from their prior forecast of $0.75. Wedbush currently has a “Neutral” rating and a $95.00 target price on the stock. The consensus estimate for LGI Homes’ current full-year earnings is $8.46 per share.

Several other analysts have also issued reports on the stock. Citigroup restated a “market outperform” rating on shares of LGI Homes in a research report on Wednesday, August 27th. JMP Securities boosted their target price on shares of LGI Homes from $75.00 to $85.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 27th. JPMorgan Chase & Co. lowered their target price on shares of LGI Homes from $52.00 to $47.00 and set an “underweight” rating on the stock in a report on Wednesday, July 9th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of LGI Homes in a research note on Wednesday. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, LGI Homes currently has a consensus rating of “Hold” and a consensus price target of $75.67.

LGI Homes Stock Performance

Shares of NASDAQ LGIH opened at $47.40 on Wednesday. The firm has a 50 day moving average of $58.89 and a 200 day moving average of $56.76. The company has a current ratio of 18.18, a quick ratio of 0.64 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 7.15 and a beta of 1.77. LGI Homes has a 12-month low of $45.35 and a 12-month high of $118.31.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.15. The firm had revenue of $483.49 million during the quarter, compared to analyst estimates of $546.96 million. LGI Homes had a net margin of 7.63% and a return on equity of 8.00%. The business’s revenue for the quarter was down 19.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.48 earnings per share.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Wasatch Advisors LP grew its holdings in LGI Homes by 3.4% during the 2nd quarter. Wasatch Advisors LP now owns 1,467,855 shares of the financial services provider’s stock worth $75,624,000 after acquiring an additional 48,795 shares in the last quarter. CDAM UK Ltd lifted its position in shares of LGI Homes by 4.4% during the first quarter. CDAM UK Ltd now owns 766,210 shares of the financial services provider’s stock valued at $50,930,000 after buying an additional 32,267 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of LGI Homes by 5.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 395,810 shares of the financial services provider’s stock valued at $26,309,000 after buying an additional 19,017 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of LGI Homes by 5.3% during the first quarter. Goldman Sachs Group Inc. now owns 250,142 shares of the financial services provider’s stock valued at $16,627,000 after buying an additional 12,524 shares during the last quarter. Finally, Voss Capital LP purchased a new stake in shares of LGI Homes during the second quarter valued at about $11,592,000. 84.89% of the stock is currently owned by institutional investors.

About LGI Homes

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.