Brokerages Anticipate LGI Homes, Inc. (NASDAQ:LGIH) Will Post Quarterly Sales of $735.84 Million

Last updated on Friday, July 23, 2021 | 2021 MarketBeat

Equities research analysts expect LGI Homes, Inc. (NASDAQ:LGIH) to report $735.84 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for LGI Homes' earnings, with the lowest sales estimate coming in at $642.00 million and the highest estimate coming in at $788.90 million. LGI Homes posted sales of $481.60 million during the same quarter last year, which suggests a positive year over year growth rate of 52.8%. The business is expected to report its next earnings report before the market opens on Tuesday, August 3rd.

On average, analysts expect that LGI Homes will report full-year sales of $2.94 billion for the current fiscal year, with estimates ranging from $2.87 billion to $3.02 billion. For the next year, analysts forecast that the firm will report sales of $3.08 billion, with estimates ranging from $3.00 billion to $3.20 billion. Zacks' sales calculations are a mean average based on a survey of research analysts that cover LGI Homes.

LGI Homes (NASDAQ:LGIH) last released its earnings results on Tuesday, May 4th. The financial services provider reported $3.95 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $2.37 by $1.58. LGI Homes had a net margin of 14.54% and a return on equity of 32.58%. The business had revenue of $705.90 million during the quarter, compared to analyst estimates of $543.93 million. During the same quarter in the prior year, the firm earned $1.67 earnings per share. The company's revenue for the quarter was up 55.2% compared to the same quarter last year.

A number of equities research analysts have recently issued reports on LGIH shares. Zacks Investment Research raised shares of LGI Homes from a "hold" rating to a "buy" rating and set a $183.00 price target on the stock in a research note on Wednesday, July 14th. JMP Securities lifted their price objective on shares of LGI Homes from $140.00 to $175.00 and gave the company a "market outperform" rating in a report on Friday, June 18th. Wells Fargo & Company lifted their price objective on shares of LGI Homes from $150.00 to $175.00 and gave the company an "underweight" rating in a report on Thursday, May 6th. Finally, Wedbush lifted their price objective on shares of LGI Homes from $135.00 to $155.00 and gave the company a "neutral" rating in a report on Wednesday, May 5th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. LGI Homes currently has an average rating of "Hold" and an average target price of $159.50.

In related news, CMO Rachel Lyons Eaton sold 378 shares of the company's stock in a transaction on Tuesday, May 11th. The shares were sold at an average price of $173.27, for a total value of $65,496.06. Following the completion of the sale, the chief marketing officer now owns 39,409 shares in the company, valued at approximately $6,828,397.43. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 11.80% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of the company. Strs Ohio acquired a new stake in shares of LGI Homes during the 1st quarter worth about $29,000. First Horizon Advisors Inc. purchased a new position in shares of LGI Homes during the 1st quarter worth about $36,000. Vantage Consulting Group Inc purchased a new position in shares of LGI Homes during the 4th quarter worth about $33,000. Lazard Asset Management LLC purchased a new position in shares of LGI Homes during the 1st quarter worth about $55,000. Finally, Acadian Asset Management LLC purchased a new position in shares of LGI Homes during the 1st quarter worth about $63,000. 82.78% of the stock is currently owned by institutional investors and hedge funds.

LGI Homes stock opened at $161.32 on Friday. The company has a 50 day moving average of $164.23. The stock has a market cap of $4.02 billion, a P/E ratio of 10.74 and a beta of 1.57. LGI Homes has a 1 year low of $95.54 and a 1 year high of $188.00. The company has a quick ratio of 0.78, a current ratio of 9.12 and a debt-to-equity ratio of 0.34.

LGI Homes Company Profile

LGI Homes, Inc engages in the design, construction, marketing, and sale of new homes. It focuses on residential land development business. It operates through the following segments: Central, West, Southeast, Florida, and Northwest. The company was founded by Eric Thomas Lipar in 2003 and is headquartered in The Woodlands, TX.

See Also: What are the benefits of investing in REITs?

Get a free copy of the Zacks research report on LGI Homes (LGIH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for LGI Homes (NASDAQ:LGIH)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured Article: How the Dogs of the Dow Strategy Works


7 Stocks to Buy That Will Benefit From Inflation

There are two narratives that are getting conflated when it comes to inflation. The first is whether or not inflation is occurring. And the second is whether inflation will get out of control.

To the first point, the clear answer is absolutely. There are price increases in everything from commodities to semiconductor chips. And even though lumber prices have gone down it’s a good bet that many consumers will put off their deck projects for another day.

And, of course, inflation numbers tend to strip out gas and groceries – but those are precisely the areas where consumers feel inflation the most. Inflation is real.

But is this just “transitory” as many analysts and the Fed itself claim? Or is it only the beginning of something much worse? The answer to those questions is probably above our pay grade.

As an investor, the inflation narrative only changes where you allocate your investment dollars. And for the most part, you’re probably only looking at a small percentage of your portfolio.

However, the first rule of investing is to not lose money so it’s important to identify companies that can provide a hedge against inflation – transitory or otherwise.

That’s the focus of this special presentation. Right now there are many strong companies that benefit when inflation is on the rise.

View the "7 Stocks to Buy That Will Benefit From Inflation".


MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.