LGI Homes (LGIH) Scheduled to Post Earnings on Tuesday

LGI Homes (NASDAQ:LGIH) will release its earnings data before the market opens on Tuesday, April 30th. Analysts expect LGI Homes to post earnings of $1.08 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings data on Tuesday, February 20th. The financial services provider reported $2.19 EPS for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.35). The company had revenue of $608.41 million for the quarter, compared to the consensus estimate of $663.95 million. LGI Homes had a return on equity of 11.28% and a net margin of 8.45%. The business’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.45 earnings per share. 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 Stock Performance

Shares of LGIH opened at $95.85 on Monday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.42 and a current ratio of 10.66. The stock has a 50 day moving average price of $107.24 and a two-hundred day moving average price of $113.56. The firm has a market capitalization of $2.26 billion, a P/E ratio of 11.38 and a beta of 1.83. LGI Homes has a 52 week low of $84.15 and a 52 week high of $141.91.

Insiders Place Their Bets

In other news, General Counsel Scott James Garber sold 1,212 shares of LGI Homes stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $111.95, for a total transaction of $135,683.40. Following the completion of the transaction, the general counsel now directly owns 13,824 shares in the company, valued at $1,547,596.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO Michael Larry Snider sold 7,993 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $110.06, for a total value of $879,709.58. Following the completion of the transaction, the chief operating officer now directly owns 19,016 shares in the company, valued at approximately $2,092,900.96. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Scott James Garber sold 1,212 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $111.95, for a total value of $135,683.40. Following the transaction, the general counsel now directly owns 13,824 shares in the company, valued at $1,547,596.80. The disclosure for this sale can be found here. Insiders sold 26,435 shares of company stock worth $2,944,291 over the last three months. Company insiders own 12.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LGIH. Wedbush reissued an “underperform” rating and set a $74.00 price objective (down from $88.00) on shares of LGI Homes in a report on Tuesday, April 2nd. StockNews.com raised LGI Homes from a “sell” rating to a “hold” rating in a report on Thursday. Finally, JMP Securities reissued a “market outperform” rating and set a $160.00 price objective on shares of LGI Homes in a report on Friday, April 5th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, LGI Homes currently has an average rating of “Hold” and an average target price of $110.50.

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.