Q2 2021 EPS Estimates for LGI Homes, Inc. Lowered by Wedbush (NASDAQ:LGIH)


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LGI Homes, Inc. (NASDAQ:LGIH) – Analysts at Wedbush cut their Q2 2021 earnings per share estimates for shares of LGI Homes in a research note issued on Wednesday, April 7th. Wedbush analyst J. Mccanless now anticipates that the financial services provider will earn $2.53 per share for the quarter, down from their previous estimate of $2.55. Wedbush currently has a “Neutral” rating and a $135.00 target price on the stock. Wedbush also issued estimates for LGI Homes’ FY2021 earnings at $12.30 EPS and FY2022 earnings at $13.32 EPS.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings data on Tuesday, February 23rd. The financial services provider reported $5.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.94 by $1.24. The company had revenue of $897.40 million for the quarter, compared to analysts’ expectations of $594.33 million. LGI Homes had a return on equity of 24.77% and a net margin of 12.15%. The business’s revenue was up 48.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.52 EPS.

A number of other brokerages also recently weighed in on LGIH. Zacks Investment Research raised LGI Homes from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a research report on Thursday, February 25th. Wolfe Research initiated coverage on LGI Homes in a research report on Tuesday, March 16th. They issued a “market perform” rating on the stock. Finally, KeyCorp initiated coverage on LGI Homes in a report on Monday, February 22nd. They set a “sector weight” rating for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. LGI Homes currently has a consensus rating of “Hold” and an average price target of $120.86.

Shares of LGIH stock opened at $154.84 on Thursday. The company has a fifty day moving average price of $133.37 and a two-hundred day moving average price of $117.34. LGI Homes has a one year low of $43.35 and a one year high of $157.65. The stock has a market cap of $3.85 billion, a P/E ratio of 15.61 and a beta of 1.45. The company has a debt-to-equity ratio of 0.61, a current ratio of 12.91 and a quick ratio of 1.13.

Hedge funds have recently bought and sold shares of the company. Everence Capital Management Inc. purchased a new position in shares of LGI Homes during the first quarter valued at approximately $594,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of LGI Homes in the 4th quarter worth $999,000. Teachers Retirement System of The State of Kentucky raised its holdings in shares of LGI Homes by 10.3% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 6,420 shares of the financial services provider’s stock valued at $680,000 after purchasing an additional 600 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of LGI Homes by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 612,588 shares of the financial services provider’s stock valued at $64,845,000 after purchasing an additional 4,106 shares during the last quarter. Finally, FormulaFolio Investments LLC bought a new position in shares of LGI Homes during the fourth quarter valued at about $347,000. Institutional investors own 89.12% of the company’s stock.

In other news, CEO Eric Thomas Lipar sold 10,000 shares of the company’s stock in a transaction dated Wednesday, March 10th. The shares were sold at an average price of $135.28, for a total transaction of $1,352,800.00. Also, COO Michael Larry Snider sold 3,850 shares of the stock in a transaction dated Monday, March 8th. The stock was sold at an average price of $130.26, for a total transaction of $501,501.00. Following the transaction, the chief operating officer now directly owns 121,607 shares in the company, valued at approximately $15,840,527.82. The disclosure for this sale can be found here. Insiders have sold 73,092 shares of company stock worth $10,099,846 over the last ninety days. Insiders own 12.00% of the company’s stock.

About LGI Homes

LGI Homes, Inc designs, constructs, and sells homes in the United States. It offers entry-level homes, such as detached and attached homes, and move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. As of December 31, 2020, it owned 113 communities. The company serves in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, Nevada, West Virginia, Virginia, and Pennsylvania.

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

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