LGI Homes (NASDAQ:LGIH) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $6.00-7.00 for the period, compared to the Thomson Reuters consensus estimate of $5.93.
Shares of LGI Homes (LGIH) traded up $0.79 during midday trading on Tuesday, hitting $66.52. 369,300 shares of the stock were exchanged, compared to its average volume of 403,850. The firm has a market cap of $1,428.83, a PE ratio of 15.40, a price-to-earnings-growth ratio of 1.01 and a beta of 0.09. LGI Homes has a twelve month low of $27.28 and a twelve month high of $79.55. The company has a quick ratio of 0.86, a current ratio of 8.91 and a debt-to-equity ratio of 1.04.
A number of research analysts have weighed in on LGIH shares. Wedbush upgraded LGI Homes from a neutral rating to an outperform rating and raised their price objective for the company from $59.51 to $73.00 in a report on Tuesday, February 13th. BidaskClub upgraded LGI Homes from a hold rating to a buy rating in a report on Friday, February 16th. Zacks Investment Research upgraded LGI Homes from a hold rating to a strong-buy rating and set a $91.00 price objective on the stock in a report on Thursday, January 4th. ValuEngine upgraded LGI Homes from a buy rating to a strong-buy rating in a report on Sunday, December 31st. Finally, JMP Securities raised their price objective on LGI Homes from $62.00 to $68.00 and gave the company a market outperform rating in a report on Wednesday, November 8th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. LGI Homes has an average rating of Buy and a consensus price target of $61.50.
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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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