LGI Homes (NASDAQ:LGIH) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share guidance of $7.00-8.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.08. LGI Homes also updated its FY 2019 guidance to $7.00-8.00 EPS.

A number of brokerages have recently weighed in on LGIH. ValuEngine upgraded LGI Homes from a sell rating to a hold rating in a research note on Wednesday, March 27th. Wells Fargo & Co reiterated an outperform rating and set a $80.00 target price (up previously from $70.00) on shares of LGI Homes in a research note on Monday. Zacks Investment Research lowered LGI Homes from a buy rating to a hold rating in a research note on Tuesday. BidaskClub upgraded LGI Homes from a buy rating to a strong-buy rating in a research note on Tuesday, April 9th. Finally, JMP Securities increased their target price on LGI Homes from $65.00 to $68.00 and gave the stock a market outperform rating in a research note on Wednesday, February 27th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. LGI Homes has a consensus rating of Buy and a consensus price target of $69.90.

Shares of NASDAQ:LGIH opened at $70.92 on Tuesday. The company has a market cap of $1.61 billion, a P/E ratio of 11.17, a P/E/G ratio of 0.92 and a beta of 0.61. LGI Homes has a 1 year low of $37.16 and a 1 year high of $81.88. 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 (NASDAQ:LGIH) last issued its quarterly earnings results on Tuesday, February 26th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.78 by ($0.06). The company had revenue of $425.20 million for the quarter, compared to analyst estimates of $429.46 million. LGI Homes had a return on equity of 26.36% and a net margin of 10.32%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.43 EPS. On average, analysts anticipate that LGI Homes will post 7.02 EPS for the current fiscal year.

In related news, insider Michael Larry Snider sold 13,170 shares of the stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $68.11, for a total transaction of $897,008.70. Following the sale, the insider now owns 175,544 shares of the company’s stock, valued at $11,956,301.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Charles Michael Merdian sold 12,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $57.20, for a total value of $686,400.00. The disclosure for this sale can be found here. Insiders have sold 123,611 shares of company stock worth $7,219,212 in the last three months. 13.40% of the stock is currently owned by company insiders.

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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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