LGI Homes (LGIH) Set to Announce Quarterly Earnings on Tuesday

LGI Homes (NASDAQ:LGIH) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.08 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings results on Tuesday, February 20th. The financial services provider reported $2.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.54 by ($0.35). LGI Homes had a net margin of 8.45% and a return on equity of 11.28%. The company had revenue of $608.41 million for the quarter, compared to analysts’ expectations of $663.95 million. During the same quarter in the prior year, the firm earned $1.45 EPS. LGI Homes’s quarterly revenue was up 24.6% compared to the same quarter last year. On average, analysts expect LGI Homes to post $9 EPS for the current fiscal year and $11 EPS for the next fiscal year.

LGI Homes Price Performance

Shares of NASDAQ LGIH opened at $93.92 on Tuesday. LGI Homes has a 1 year low of $84.15 and a 1 year high of $141.91. The company has a debt-to-equity ratio of 0.67, a current ratio of 10.66 and a quick ratio of 0.42. The company’s 50-day moving average is $109.74 and its 200 day moving average is $113.70. The stock has a market capitalization of $2.21 billion, a P/E ratio of 11.15 and a beta of 1.83.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LGIH. JMP Securities restated a “market outperform” rating and issued a $160.00 price objective on shares of LGI Homes in a report on Friday, April 5th. StockNews.com cut shares of LGI Homes from a “hold” rating to a “sell” rating in a report on Wednesday, April 17th. Finally, Wedbush restated an “underperform” rating and issued a $74.00 price objective (down previously from $88.00) on shares of LGI Homes in a report on Tuesday, April 2nd. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $110.50.

Insider Transactions at LGI Homes

In other news, COO Michael Larry Snider sold 7,993 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $110.06, for a total value of $879,709.58. Following the transaction, the chief operating officer now owns 19,016 shares in the company, valued at $2,092,900.96. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, COO Michael Larry Snider sold 7,993 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $110.06, for a total value of $879,709.58. Following the transaction, the chief operating officer now owns 19,016 shares in the company, valued at $2,092,900.96. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Charles Michael Merdian sold 6,361 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $111.95, for a total transaction of $712,113.95. Following the completion of the transaction, the chief financial officer now owns 9,458 shares in the company, valued at approximately $1,058,823.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,435 shares of company stock worth $2,944,291. Corporate insiders own 12.20% of the company’s stock.

About LGI Homes

LGI Homes, Inc designs, constructs, and sells homes. It offers entry-level homes, such as attached and detached homes, and active adult homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. The company also engages in the wholesale business, which include building and selling homes to large institutions looking to acquire single-family rental properties.