LGI Homes, Inc. (NASDAQ:LGIH) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share guidance of $4.75-5.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.27.
Several analysts recently weighed in on the company. TheStreet upgraded LGI Homes from a c+ rating to a b- rating in a report on Monday, November 13th. Zacks Investment Research downgraded shares of LGI Homes from a buy rating to a hold rating in a report on Tuesday, November 14th. JMP Securities boosted their target price on shares of LGI Homes from $62.00 to $68.00 and gave the stock a market outperform rating in a report on Wednesday, November 8th. Wedbush reiterated a neutral rating and issued a $60.00 target price (up from $55.00) on shares of LGI Homes in a report on Wednesday, November 8th. Finally, ValuEngine upgraded shares of LGI Homes from a buy rating to a strong-buy rating in a report on Saturday, September 30th. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $54.33.
Shares of LGI Homes, Inc. (NASDAQ LGIH) traded down $0.34 during mid-day trading on Thursday, hitting $67.39. The stock had a trading volume of 257,300 shares, compared to its average volume of 380,802. The stock has a market capitalization of $1,460.00, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 1.36 and a beta of 0.20. LGI Homes, Inc. has a 1-year low of $26.82 and a 1-year high of $67.92. The company has a debt-to-equity ratio of 1.04, a current ratio of 8.91 and a quick ratio of 0.86.
LGI Homes (NASDAQ:LGIH) last issued its earnings results on Tuesday, November 7th. The financial services provider reported $1.40 EPS for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.10. The firm had revenue of $365.90 million for the quarter, compared to analyst estimates of $355.81 million. LGI Homes had a return on equity of 25.51% and a net margin of 9.26%. LGI Homes’s revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.86 earnings per share. equities analysts expect that LGI Homes, Inc. will post 4.54 earnings per share for the current year.
In related news, insider Michael Larry Snider sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $45.81, for a total value of $160,335.00. Following the sale, the insider now owns 191,948 shares in the company, valued at $8,793,137.88. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Bryan Christopher Sansbury sold 23,101 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $63.28, for a total value of $1,461,831.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 71,601 shares of company stock worth $4,233,916. 13.60% of the stock is owned by insiders.
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About LGI Homes
LGI Homes, Inc is a homebuilder and land developer. The Company is engaged in the design, construction, marketing and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington and Tennessee. The Company operates through five segments: the Texas division, the Southwest division, the Southeast division, the Florida division and the Northwest division.
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