LGI Homes, Inc. (NASDAQ:LGIH) – Investment analysts at Wedbush lifted their FY2020 EPS estimates for LGI Homes in a research note issued to investors on Thursday, January 7th. Wedbush analyst J. Mccanless now expects that the financial services provider will post earnings of $10.59 per share for the year, up from their previous estimate of $10.18. Wedbush also issued estimates for LGI Homes’ Q4 2020 earnings at $4.26 EPS, Q2 2021 earnings at $2.62 EPS, Q3 2021 earnings at $2.77 EPS, Q1 2022 earnings at $2.47 EPS and Q2 2022 earnings at $2.90 EPS.
LGI Homes (NASDAQ:LGIH) last released its earnings results on Tuesday, November 3rd. The financial services provider reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.29. The business had revenue of $534.20 million during the quarter, compared to analysts’ expectations of $516.10 million. LGI Homes had a net margin of 12.15% and a return on equity of 24.77%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.93 earnings per share.
Several other equities analysts have also commented on LGIH. JMP Securities upped their price objective on shares of LGI Homes from $125.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, November 6th. UBS Group assumed coverage on shares of LGI Homes in a research report on Tuesday, December 8th. They issued a “buy” rating and a $140.00 price objective on the stock. Zacks Investment Research raised shares of LGI Homes from a “hold” rating to a “buy” rating and set a $116.00 price objective on the stock in a research report on Wednesday, January 6th. ValuEngine downgraded shares of LGI Homes from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 1st. Finally, JPMorgan Chase & Co. downgraded shares of LGI Homes from a “neutral” rating to an “underweight” rating and set a $129.00 target price on the stock. in a research report on Tuesday, November 17th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $111.86.
NASDAQ:LGIH opened at $97.33 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 12.91 and a quick ratio of 1.13. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 9.81 and a beta of 1.53. The company’s 50-day moving average is $108.75 and its two-hundred day moving average is $110.30. LGI Homes has a 1-year low of $33.00 and a 1-year high of $132.98.
A number of hedge funds have recently made changes to their positions in LGIH. First Trust Advisors LP increased its holdings in LGI Homes by 100.7% in the 1st quarter. First Trust Advisors LP now owns 63,298 shares of the financial services provider’s stock valued at $3,813,000 after acquiring an additional 31,761 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of LGI Homes by 201.9% in the 2nd quarter. Bank of Montreal Can now owns 3,010 shares of the financial services provider’s stock worth $296,000 after buying an additional 2,013 shares during the last quarter. Advisor Group Holdings Inc. increased its holdings in shares of LGI Homes by 35.1% in the 2nd quarter. Advisor Group Holdings Inc. now owns 45,756 shares of the financial services provider’s stock worth $4,028,000 after buying an additional 11,883 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of LGI Homes by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,422,942 shares of the financial services provider’s stock worth $125,261,000 after buying an additional 62,704 shares during the last quarter. Finally, Glenmede Trust Co. NA increased its holdings in shares of LGI Homes by 112.4% in the 2nd quarter. Glenmede Trust Co. NA now owns 291 shares of the financial services provider’s stock worth $25,000 after buying an additional 154 shares during the last quarter. 80.41% of the stock is currently owned by hedge funds and other institutional investors.
About LGI Homes
LGI Homes, Inc designs, constructs, and sells homes in the United States. It offers entry-level homes, such as detached and attached homes, and move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. As of March 31, 2020, it owned 113 communities. The company serves in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, Nevada, and West Virginia.
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