Analysts forecast that LGI Homes Inc (NASDAQ:LGIH) will announce $2.34 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for LGI Homes’ earnings, with the lowest EPS estimate coming in at $2.32 and the highest estimate coming in at $2.35. LGI Homes posted earnings per share of $1.72 in the same quarter last year, which would indicate a positive year-over-year growth rate of 36%. The firm is expected to announce its next earnings results before the market opens on Tuesday, February 25th.

According to Zacks, analysts expect that LGI Homes will report full year earnings of $6.84 per share for the current fiscal year, with EPS estimates ranging from $6.82 to $6.85. For the next fiscal year, analysts anticipate that the business will report earnings of $7.86 per share, with EPS estimates ranging from $7.63 to $8.09. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow LGI Homes.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.04. LGI Homes had a net margin of 9.43% and a return on equity of 22.07%. The firm had revenue of $483.10 million during the quarter, compared to analysts’ expectations of $486.83 million. During the same period in the prior year, the company earned $1.52 EPS. The firm’s revenue was up 27.0% on a year-over-year basis.

A number of analysts recently weighed in on the stock. BidaskClub raised shares of LGI Homes from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. Zacks Investment Research raised shares of LGI Homes from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research report on Friday, January 10th. BTIG Research upped their price target on shares of LGI Homes from $62.00 to $65.00 and gave the stock a “sell” rating in a research report on Monday, September 23rd. Finally, ValuEngine cut shares of LGI Homes from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $83.70.

Shares of LGI Homes stock opened at $76.76 on Friday. The company has a fifty day moving average price of $72.55 and a 200 day moving average price of $76.03. The company has a current ratio of 14.90, a quick ratio of 1.16 and a debt-to-equity ratio of 0.97. LGI Homes has a twelve month low of $52.16 and a twelve month high of $89.00. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 12.09 and a beta of 0.44.

In other LGI Homes news, Director Bryan Christopher Sansbury sold 9,200 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $72.00, for a total value of $662,400.00. Following the transaction, the director now directly owns 17,353 shares of the company’s stock, valued at approximately $1,249,416. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ryan Edone sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $73.45, for a total value of $110,175.00. Following the completion of the transaction, the director now directly owns 28,125 shares in the company, valued at $2,065,781.25. The disclosure for this sale can be found here. 13.40% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. bought a new stake in shares of LGI Homes in the third quarter worth $25,000. US Bancorp DE increased its stake in shares of LGI Homes by 1,332.6% in the second quarter. US Bancorp DE now owns 659 shares of the financial services provider’s stock worth $47,000 after buying an additional 613 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of LGI Homes by 21.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,187 shares of the financial services provider’s stock worth $99,000 after buying an additional 206 shares during the last quarter. Bank of Montreal Can increased its stake in shares of LGI Homes by 379.4% in the second quarter. Bank of Montreal Can now owns 2,114 shares of the financial services provider’s stock worth $151,000 after buying an additional 1,673 shares during the last quarter. Finally, United Services Automobile Association bought a new stake in shares of LGI Homes in the second quarter worth $201,000. 96.37% of the stock is owned by institutional investors and hedge funds.

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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