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

LGI Homes (NASDAQ:LGIH) announced its earnings results on Tuesday. The financial services provider reported $0.72 earnings per share (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 return on equity of 10.43% and a net margin of 8.37%. The firm’s revenue for the quarter was down 19.8% on a year-over-year basis. During the same period last year, the firm earned $1.14 earnings per share.

LGI Homes Stock Performance

Shares of NASDAQ LGIH opened at $89.45 on Thursday. The business’s 50-day moving average price is $105.59 and its two-hundred day moving average price is $113.50. The company has a debt-to-equity ratio of 0.74, a current ratio of 12.36 and a quick ratio of 0.42. LGI Homes has a one year low of $84.15 and a one year high of $141.91. The company has a market capitalization of $2.11 billion, a P/E ratio of 11.18 and a beta of 1.86.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. JMP Securities reiterated a “market outperform” rating and set a $160.00 price target on shares of LGI Homes in a report on Friday, April 5th. Wedbush reiterated an “underperform” rating and set a $74.00 price target (down previously from $88.00) on shares of LGI Homes in a report on Tuesday, April 2nd. Finally, StockNews.com upgraded LGI Homes from a “sell” rating to a “hold” rating in a report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $110.50.

Insider Buying and Selling at LGI Homes

In other LGI Homes news, COO Michael Larry Snider sold 7,993 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $110.06, for a total value of $879,709.58. Following the transaction, the chief operating officer now owns 19,016 shares in the company, valued at $2,092,900.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Eric Thomas Lipar sold 10,869 shares of the company’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 $1,216,784.55. Following the completion of the sale, the chief executive officer now owns 627,430 shares in the company, valued at approximately $70,240,788.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Michael Larry Snider sold 7,993 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $110.06, for a total value of $879,709.58. Following the transaction, the chief operating officer now directly owns 19,016 shares of the company’s stock, valued at approximately $2,092,900.96. The disclosure for this sale can be found here. Insiders have sold 26,435 shares of company stock worth $2,944,291 over the last 90 days. 12.40% of the stock is currently owned by corporate insiders.

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.