LGI Homes (NASDAQ:LGIH) Releases Earnings Results, Misses Expectations By $0.30 EPS

LGI Homes (NASDAQ:LGIH - Get Free Report) posted its quarterly earnings data on Tuesday. The financial services provider reported $0.72 EPS for the quarter, missing analysts' consensus estimates of $1.02 by ($0.30), Briefing.com reports. The company had revenue of $390.90 million for the quarter, compared to analyst estimates of $400.00 million. LGI Homes had a net margin of 8.45% and a return on equity of 11.28%. The firm's revenue was down 19.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.14 EPS.

LGI Homes Trading Down 0.5 %

Shares of NASDAQ LGIH traded down $0.48 during midday trading on Wednesday, hitting $89.45. The stock had a trading volume of 301,477 shares, compared to its average volume of 204,951. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 10.56 and a beta of 1.83. LGI Homes has a 1-year low of $84.15 and a 1-year high of $141.91. The company has a quick ratio of 0.42, a current ratio of 10.66 and a debt-to-equity ratio of 0.67. The company has a fifty day moving average price of $106.10 and a 200 day moving average price of $113.66.

Insider Activity

In other news, General Counsel Scott James Garber sold 1,212 shares of LGI Homes stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $111.95, for a total value of $135,683.40. Following the transaction, the general counsel now directly owns 13,824 shares of the company's stock, valued at approximately $1,547,596.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Charles Michael Merdian sold 6,361 shares of the firm's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $111.95, for a total transaction of $712,113.95. Following the sale, the chief financial officer now directly owns 9,458 shares in the company, valued at approximately $1,058,823.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Scott James Garber sold 1,212 shares of the firm's stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $111.95, for a total value of $135,683.40. Following the sale, the general counsel now owns 13,824 shares in the company, valued at $1,547,596.80. The disclosure for this sale can be found here. Insiders have sold 26,435 shares of company stock valued at $2,944,291 in the last three months. Corporate insiders own 12.20% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. StockNews.com raised LGI Homes from a "sell" rating to a "hold" rating in a research note on Thursday, April 25th. JMP Securities reissued a "market outperform" rating and issued a $160.00 price target on shares of LGI Homes in a research note on Friday, April 5th. Finally, Wedbush reissued an "underperform" rating and issued a $74.00 price target (down from $88.00) on shares of LGI Homes in a research note on Tuesday, April 2nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $110.50.

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.