LGI Homes (LGIH) Expected to Announce Earnings on Tuesday

LGI Homes (NASDAQ:LGIH) is expected to be releasing its earnings data before the market opens on Tuesday, February 25th. Analysts expect LGI Homes to post earnings of $2.31 per share and revenue of $588.56 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

LGI Homes Price Performance

Shares of NASDAQ:LGIH opened at $77.80 on Friday. LGI Homes has a fifty-two week low of $77.17 and a fifty-two week high of $125.83. The business has a 50-day moving average of $88.39 and a two-hundred day moving average of $101.25. The stock has a market capitalization of $1.83 billion, a P/E ratio of 9.33 and a beta of 2.03. The company has a debt-to-equity ratio of 0.77, a current ratio of 12.72 and a quick ratio of 0.54.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LGIH. JPMorgan Chase & Co. reduced their price target on LGI Homes from $82.00 to $80.00 and set an “underweight” rating for the company in a research report on Tuesday, January 14th. JMP Securities restated a “market outperform” rating and set a $160.00 price target on shares of LGI Homes in a research note on Friday, January 10th. Wedbush restated a “neutral” rating and set a $115.00 price target (down from $125.00) on shares of LGI Homes in a research note on Tuesday, January 7th. Finally, Seaport Res Ptn upgraded LGI Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $118.33.

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.