LGI Homes (LGIH) to Release Quarterly Earnings on Tuesday

LGI Homes (NASDAQ:LGIH) will be announcing its earnings results before the market opens on Tuesday, November 5th. Analysts expect the company to announce earnings of $2.77 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.24. The business had revenue of $602.50 million for the quarter, compared to the consensus estimate of $617.44 million. LGI Homes had a return on equity of 10.45% and a net margin of 8.78%. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.25 EPS. 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 Stock Performance

Shares of LGIH opened at $104.61 on Tuesday. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 13.08 and a beta of 1.95. LGI Homes has a 52-week low of $84.00 and a 52-week high of $136.89. The company has a quick ratio of 0.49, a current ratio of 12.63 and a debt-to-equity ratio of 0.78. The stock has a 50 day moving average price of $110.99 and a 200 day moving average price of $102.14.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Wedbush reaffirmed a “neutral” rating and issued a $125.00 target price on shares of LGI Homes in a research report on Friday, October 4th. JPMorgan Chase & Co. dropped their price objective on LGI Homes from $95.00 to $93.00 and set an “underweight” rating on the stock in a report on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, LGI Homes has an average rating of “Hold” and an average target price of $126.00.

LGI Homes Company Profile

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.