What is Wedbush’s Forecast for LGI Homes FY2025 Earnings?

LGI Homes, Inc. (NASDAQ:LGIH) – Analysts at Wedbush issued their FY2025 earnings estimates for LGI Homes in a report released on Thursday, June 5th. Wedbush analyst J. Mccanless anticipates that the financial services provider will post earnings of $6.31 per share for the year. Wedbush currently has a “Neutral” rating and a $93.00 price target on the stock. The consensus estimate for LGI Homes’ current full-year earnings is $8.46 per share.

LGI Homes (NASDAQ:LGIH) last issued its earnings results on Tuesday, April 29th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.29). LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. The company had revenue of $351.42 million during the quarter, compared to analysts’ expectations of $380.07 million. During the same quarter in the prior year, the business posted $0.72 EPS. The company’s revenue for the quarter was down 10.1% compared to the same quarter last year.

Separately, JMP Securities restated a “market outperform” rating and set a $140.00 price objective on shares of LGI Homes in a research report on Wednesday, April 30th.

LGI Homes Stock Up 5.0%

LGIH opened at $53.85 on Monday. The company has a current ratio of 12.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.77. LGI Homes has a 1-year low of $47.79 and a 1-year high of $125.83. The company has a market capitalization of $1.26 billion, a PE ratio of 6.46 and a beta of 1.77. The firm’s 50 day simple moving average is $55.43 and its two-hundred day simple moving average is $75.55.

Institutional Trading of LGI Homes

Hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in LGI Homes by 112.9% during the fourth quarter. Blue Trust Inc. now owns 347 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 184 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in LGI Homes by 12,620.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 636 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 631 shares in the last quarter. Sterling Capital Management LLC boosted its position in LGI Homes by 801.5% during the fourth quarter. Sterling Capital Management LLC now owns 613 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 545 shares in the last quarter. GAMMA Investing LLC boosted its position in LGI Homes by 219.1% during the first quarter. GAMMA Investing LLC now owns 887 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 609 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in LGI Homes during the first quarter worth approximately $71,000. 84.89% of the stock is owned by hedge funds and other institutional investors.

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.