LGI Homes (NASDAQ:LGIH) Releases Earnings Results, Misses Estimates By $0.16 EPS

LGI Homes (NASDAQ:LGIH) issued its earnings results on Tuesday. The financial services provider reported $2.15 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.16), Zacks reports. The firm had revenue of $557.40 million during the quarter, compared to the consensus estimate of $588.56 million. LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period last year, the business earned $2.19 earnings per share.

LGI Homes Trading Down 2.3 %

Shares of LGIH stock opened at $75.99 on Tuesday. The company has a market capitalization of $1.79 billion, a P/E ratio of 9.11 and a beta of 2.03. LGI Homes has a 12-month low of $75.91 and a 12-month high of $125.83. The company has a quick ratio of 0.54, a current ratio of 12.72 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average price of $87.89 and a 200 day moving average price of $101.12.

Wall Street Analyst Weigh In

LGIH has been the subject of a number of analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $160.00 price objective on shares of LGI Homes in a report on Friday, January 10th. Seaport Res Ptn upgraded shares of LGI Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. JPMorgan Chase & Co. decreased their price objective on LGI Homes from $82.00 to $80.00 and set an “underweight” rating on the stock in a report on Tuesday, January 14th. Finally, Wedbush reissued a “neutral” rating and issued a $115.00 target price (down from $125.00) on shares of LGI Homes in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, LGI Homes presently has a consensus rating of “Hold” and an average price target of $118.33.

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.