LGI Homes (NASDAQ:LGIH) Posts Earnings Results, Beats Expectations By $0.33 EPS

Key Points

• LGI Homes beat quarterly earnings expectations: EPS was $1.05, exceeding the $0.72 consensus by $0.33, while revenue reached $444.46 million versus expectations of $438.21 million.
• Quarterly revenue increased 12.1% year over year, compared with EPS of $0.85 in the same period last year. The company reported a 3.88% net margin and 3.55% return on equity.
• Shares fell $0.79 to $46.63 during Tuesday trading. Analysts maintain a consensus “Hold” rating, with an average price target of $68.00.

LGI Homes (NASDAQ:LGIH - Get Free Report) issued its quarterly earnings results on Tuesday. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.33, Zacks reports. The business had revenue of $444.46 million during the quarter, compared to analysts' expectations of $438.21 million. LGI Homes had a return on equity of 3.55% and a net margin of 3.88%. The firm's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 earnings per share.

LGI Homes Price Performance

Shares of NASDAQ LGIH traded down $0.79 during trading hours on Tuesday, hitting $46.63. 225,667 shares of the stock were exchanged, compared to its average volume of 399,506. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.61 and a current ratio of 17.74. The company has a market cap of $1.08 billion, a PE ratio of 16.39 and a beta of 1.86. The company's fifty day simple moving average is $48.40 and its two-hundred day simple moving average is $50.27. LGI Homes has a 1-year low of $33.55 and a 1-year high of $66.25.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LGIH. Citigroup restated a "market outperform" rating on shares of LGI Homes in a research note on Tuesday, October 6th. Wall Street Zen upgraded LGI Homes from a "sell" rating to a "hold" rating in a research report on Sunday, August 16th. Finally, Weiss Ratings lowered LGI Homes from a "sell (d+)" rating to a "sell (d)" rating in a report on Monday, September 21st. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, LGI Homes currently has an average rating of "Hold" and an average price target of $68.00.

LGI Homes Company Profile

LGI Homes, Inc is a homebuilder that designs, constructs and sells single-family homes in planned residential communities across the United States. The company primarily serves entry-level and first-time homebuyers, while also offering homes for move-up buyers and active-adult customers. Its communities typically feature standardized home designs, modern amenities and financing-related support intended to simplify the homebuying process.

Founded in 2003, LGI Homes has expanded from its original Texas operations into numerous housing markets throughout the South, Southwest and other high-growth regions.

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