Wall Street brokerages expect LGI Homes Inc (NASDAQ:LGIH) to report $449.12 million in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for LGI Homes’ earnings, with the highest sales estimate coming in at $462.15 million and the lowest estimate coming in at $434.20 million. LGI Homes posted sales of $404.98 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.9%. The company is scheduled to issue its next earnings results on Tuesday, February 26th.
On average, analysts expect that LGI Homes will report full-year sales of $1.52 billion for the current fiscal year, with estimates ranging from $1.50 billion to $1.53 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.88 billion, with estimates ranging from $1.57 billion to $2.03 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow LGI Homes.
LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings results on Tuesday, November 6th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.03. The company had revenue of $380.37 million for the quarter, compared to analyst estimates of $378.96 million. LGI Homes had a net margin of 9.99% and a return on equity of 27.08%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.40 earnings per share.
Several hedge funds have recently added to or reduced their stakes in the stock. Trexquant Investment LP purchased a new stake in shares of LGI Homes during the third quarter worth approximately $328,000. Prescott Group Capital Management L.L.C. purchased a new stake in shares of LGI Homes during the third quarter worth approximately $854,000. FMR LLC increased its stake in shares of LGI Homes by 52.0% during the third quarter. FMR LLC now owns 1,690,144 shares of the financial services provider’s stock worth $80,181,000 after buying an additional 577,909 shares during the period. BlackRock Inc. increased its stake in shares of LGI Homes by 4.4% during the third quarter. BlackRock Inc. now owns 2,839,434 shares of the financial services provider’s stock worth $134,703,000 after buying an additional 119,807 shares during the period. Finally, Heartland Advisors Inc. increased its stake in shares of LGI Homes by 25.0% during the third quarter. Heartland Advisors Inc. now owns 125,000 shares of the financial services provider’s stock worth $5,930,000 after buying an additional 25,000 shares during the period. Hedge funds and other institutional investors own 87.73% of the company’s stock.
NASDAQ:LGIH traded up $1.06 on Monday, reaching $41.26. 631,151 shares of the company’s stock were exchanged, compared to its average volume of 482,583. The company has a debt-to-equity ratio of 1.02, a current ratio of 13.89 and a quick ratio of 1.47. The firm has a market capitalization of $905.05 million, a PE ratio of 8.72, a price-to-earnings-growth ratio of 0.56 and a beta of 0.25. LGI Homes has a 52-week low of $37.16 and a 52-week high of $81.88.
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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