LGI Homes Inc (NASDAQ:LGIH) – Equities research analysts at Wedbush dropped their Q4 2018 earnings per share estimates for shares of LGI Homes in a research note issued on Wednesday, November 7th. Wedbush analyst J. Mccanless now anticipates that the financial services provider will earn $1.61 per share for the quarter, down from their previous forecast of $1.67. Wedbush currently has a “Hold” rating and a $55.00 price target on the stock. Wedbush also issued estimates for LGI Homes’ Q1 2020 earnings at $0.73 EPS, Q2 2020 earnings at $2.02 EPS and Q3 2020 earnings at $2.18 EPS.
LGIH has been the subject of a number of other reports. ValuEngine upgraded LGI Homes from a “sell” rating to a “hold” rating in a research report on Thursday, August 9th. BidaskClub upgraded LGI Homes from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 24th. Zacks Investment Research upgraded LGI Homes from a “sell” rating to a “hold” rating and set a $66.00 price objective for the company in a research report on Friday, August 10th. Finally, JMP Securities set a $60.00 price objective on LGI Homes and gave the stock a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $56.70.
LGI Homes stock opened at $41.26 on Friday. The company has a quick ratio of 1.47, a current ratio of 13.89 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $892.87 million, a price-to-earnings ratio of 8.72, a PEG ratio of 0.56 and a beta of 0.25. LGI Homes has a 12 month low of $37.16 and a 12 month high of $81.88.
LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, November 6th. The financial services provider reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.03. The business had revenue of $380.37 million for the quarter, compared to analyst estimates of $378.96 million. LGI Homes had a return on equity of 27.08% and a net margin of 9.99%. LGI Homes’s revenue was up 4.0% compared to the same quarter last year. During the same period last year, the firm posted $1.40 earnings per share.
Several institutional investors and hedge funds have recently modified their holdings of LGIH. First Mercantile Trust Co. bought a new position in shares of LGI Homes during the third quarter worth about $126,000. Morse Asset Management Inc acquired a new stake in LGI Homes during the second quarter worth approximately $207,000. Atria Investments LLC acquired a new stake in LGI Homes during the third quarter worth approximately $214,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in LGI Homes during the second quarter worth approximately $221,000. Finally, BRYN MAWR TRUST Co acquired a new stake in LGI Homes during the second quarter worth approximately $228,000. Institutional investors own 87.73% of the company’s stock.
LGI Homes Company Profile
LGI Homes, Inc engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington, Tennessee, and Minnesota markets. It offers entry-level homes, such as detached and townhomes, as well as move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name.
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