Q4 Earnings Estimate for LGI Homes Issued By Seaport Res Ptn

LGI Homes, Inc. (NASDAQ:LGIH) – Analysts at Seaport Res Ptn dropped their Q4 2024 earnings estimates for LGI Homes in a report released on Sunday, November 10th. Seaport Res Ptn analyst K. Zener now anticipates that the financial services provider will earn $2.31 per share for the quarter, down from their prior forecast of $2.97. The consensus estimate for LGI Homes’ current full-year earnings is $8.88 per share.

Separately, Wedbush reiterated a “neutral” rating and issued a $125.00 target price on shares of LGI Homes in a research note on Wednesday, November 6th. 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $126.00.

LGI Homes Trading Down 1.0 %

LGI Homes stock opened at $103.93 on Wednesday. The firm has a market cap of $2.44 billion, a PE ratio of 12.46 and a beta of 1.97. LGI Homes has a 12 month low of $84.00 and a 12 month high of $136.89. The stock’s 50 day simple moving average is $110.57 and its two-hundred day simple moving average is $102.98. The company has a current ratio of 12.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.77.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $2.95 EPS for the quarter, beating the consensus estimate of $2.54 by $0.41. The company had revenue of $651.85 million for the quarter, compared to analyst estimates of $645.27 million. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the company earned $2.84 earnings per share.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Louisiana State Employees Retirement System boosted its holdings in LGI Homes by 1.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the financial services provider’s stock worth $922,000 after buying an additional 100 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of LGI Homes by 32.5% in the second quarter. First Horizon Advisors Inc. now owns 440 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 108 shares during the last quarter. Arizona State Retirement System increased its position in shares of LGI Homes by 1.9% during the second quarter. Arizona State Retirement System now owns 5,940 shares of the financial services provider’s stock worth $532,000 after purchasing an additional 112 shares in the last quarter. Sei Investments Co. raised its stake in LGI Homes by 3.3% in the 1st quarter. Sei Investments Co. now owns 3,970 shares of the financial services provider’s stock valued at $462,000 after purchasing an additional 126 shares during the last quarter. Finally, Inspire Investing LLC lifted its holdings in LGI Homes by 5.5% in the 1st quarter. Inspire Investing LLC now owns 3,037 shares of the financial services provider’s stock valued at $353,000 after purchasing an additional 159 shares in the last quarter. 84.89% of the stock is owned by institutional investors and hedge funds.

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.