LGI Homes (LGIH) Releases FY19 Earnings Guidance

LGI Homes (NASDAQ:LGIH) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $7.00-8.00 for the period, compared to the Thomson Reuters consensus estimate of $7.08. LGI Homes also updated its FY 2019 guidance to $7.00-8.00 EPS.

Shares of LGI Homes stock opened at $68.20 on Friday. The stock has a market capitalization of $1.56 billion, a P/E ratio of 10.74, a PEG ratio of 0.92 and a beta of 0.61. The company has a debt-to-equity ratio of 1.00, a current ratio of 16.86 and a quick ratio of 1.35. LGI Homes has a one year low of $37.16 and a one year high of $72.89.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings results on Tuesday, May 7th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.13). The company had revenue of $287.60 million for the quarter, compared to analyst estimates of $288.06 million. LGI Homes had a net margin of 9.67% and a return on equity of 23.28%. LGI Homes’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 EPS. Analysts expect that LGI Homes will post 6.71 EPS for the current fiscal year.

A number of brokerages have recently weighed in on LGIH. ValuEngine upgraded LGI Homes from a sell rating to a hold rating in a research note on Wednesday, March 27th. Zacks Investment Research downgraded LGI Homes from a buy rating to a hold rating in a research note on Tuesday, May 7th. Wells Fargo & Co upped their price objective on LGI Homes from $58.00 to $66.00 and gave the company an outperform rating in a research note on Wednesday, February 27th. JMP Securities upped their price objective on LGI Homes from $65.00 to $68.00 and gave the company a market outperform rating in a research note on Wednesday, February 27th. Finally, BidaskClub upgraded LGI Homes from a buy rating to a strong-buy rating in a research note on Tuesday, April 9th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. LGI Homes currently has a consensus rating of Buy and an average target price of $69.90.

In related news, CMO Rachel Lyons Eaton sold 1,695 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $57.20, for a total value of $96,954.00. Following the transaction, the chief marketing officer now owns 39,967 shares of the company’s stock, valued at $2,286,112.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Eric Thomas Lipar sold 10,000 shares of the stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $70.91, for a total value of $709,100.00. Following the completion of the transaction, the chief executive officer now directly owns 544,509 shares in the company, valued at approximately $38,611,133.19. The disclosure for this sale can be found here. In the last ninety days, insiders sold 133,611 shares of company stock worth $7,928,312. Insiders own 13.40% of the company’s stock.

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LGI Homes Company Profile

LGI Homes, Inc engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, North Carolina, South Carolina, Colorado, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, and Nevada. It offers entry-level homes, such as detached homes and townhomes, and move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name.

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

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