Brokerages expect LGI Homes Inc (NASDAQ:LGIH) to announce sales of $276.05 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for LGI Homes’ earnings, with the highest sales estimate coming in at $295.12 million and the lowest estimate coming in at $231.70 million. LGI Homes posted sales of $279.02 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 1.1%. The company is scheduled to report its next earnings results before the market opens on Tuesday, May 7th.

According to Zacks, analysts expect that LGI Homes will report full year sales of $1.74 billion for the current fiscal year, with estimates ranging from $1.61 billion to $1.80 billion. For the next financial year, analysts forecast that the business will post sales of $2.06 billion, with estimates ranging from $1.91 billion to $2.23 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for LGI Homes.

LGI Homes (NASDAQ:LGIH) last posted its earnings results on Tuesday, February 26th. The financial services provider reported $1.72 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.03). The business had revenue of $425.20 million for the quarter, compared to analysts’ expectations of $429.46 million. LGI Homes had a net margin of 10.32% and a return on equity of 26.36%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the business posted $1.43 EPS.

A number of analysts have recently weighed in on LGIH shares. ValuEngine cut shares of LGI Homes from a “hold” rating to a “sell” rating in a report on Tuesday, January 22nd. JMP Securities set a $79.00 price target on shares of LGI Homes and gave the company a “buy” rating in a report on Tuesday, April 9th. Wells Fargo & Co upgraded shares of LGI Homes from a “market perform” rating to an “outperform” rating in a report on Monday, January 7th. Finally, BidaskClub cut shares of LGI Homes from a “strong-buy” rating to a “buy” rating in a report on Friday, March 15th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $64.90.

In related news, CEO Eric Thomas Lipar sold 40,478 shares of LGI Homes stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $56.76, for a total value of $2,297,531.28. Following the completion of the sale, the chief executive officer now directly owns 591,685 shares in the company, valued at approximately $33,584,040.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Karnig Vahradian sold 4,000 shares of LGI Homes stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $55.43, for a total transaction of $221,720.00. Following the completion of the sale, the director now owns 24,453 shares of the company’s stock, valued at $1,355,429.79. The disclosure for this sale can be found here. Insiders sold a total of 140,281 shares of company stock worth $8,220,246 over the last 90 days. Company insiders own 13.40% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. First Mercantile Trust Co. boosted its stake in LGI Homes by 28.6% in the 4th quarter. First Mercantile Trust Co. now owns 3,407 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 757 shares in the last quarter. 6 Meridian purchased a new position in LGI Homes during the 1st quarter worth approximately $217,000. Macquarie Group Ltd. raised its position in LGI Homes by 514.4% during the 4th quarter. Macquarie Group Ltd. now owns 3,883 shares of the financial services provider’s stock worth $176,000 after buying an additional 3,251 shares during the last quarter. Gotham Asset Management LLC purchased a new position in LGI Homes during the 4th quarter worth approximately $210,000. Finally, Camelot Portfolios LLC purchased a new position in LGI Homes during the 4th quarter worth approximately $226,000. Institutional investors own 94.56% of the company’s stock.

Shares of NASDAQ:LGIH traded down $1.46 during trading on Monday, reaching $68.11. The stock had a trading volume of 186,200 shares, compared to its average volume of 332,787. LGI Homes has a one year low of $37.16 and a one year high of $81.88. The stock has a market capitalization of $1.58 billion, a P/E ratio of 10.73, a P/E/G ratio of 0.91 and a beta of 0.57. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.61 and a current ratio of 15.92.

LGI Homes Company Profile

LGI Homes, Inc engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, North Carolina, South Carolina, Colorado, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, and Nevada. It offers entry-level homes, such as detached homes and townhomes, and move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name.

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Earnings History and Estimates for LGI Homes (NASDAQ:LGIH)

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