LGI Homes (LGIH) Issues FY18 Earnings Guidance

LGI Homes (NASDAQ:LGIH) updated its FY18 earnings guidance on Tuesday. The company provided EPS guidance of $6.50-7.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.45. LGI Homes also updated its FY 2018 guidance to $6.50-7.25 EPS.

Several research analysts have recently weighed in on the company. Wells Fargo & Co reduced their price objective on LGI Homes from $63.00 to $44.00 and set an average rating for the company in a research report on Wednesday. JMP Securities set a $60.00 price objective on LGI Homes and gave the stock a buy rating in a research report on Wednesday. Zacks Investment Research raised LGI Homes from a sell rating to a hold rating in a research report on Wednesday. BidaskClub raised LGI Homes from a sell rating to a hold rating in a research report on Friday, November 2nd. Finally, Wedbush set a $55.00 price objective on LGI Homes and gave the stock a hold rating in a research report on Thursday, October 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $56.70.

LGIH traded up $0.36 on Thursday, hitting $40.20. 866,102 shares of the company were exchanged, compared to its average volume of 478,555. LGI Homes has a 12 month low of $37.16 and a 12 month high of $81.88. The firm has a market capitalization of $892.87 million, a PE ratio of 8.50, a PEG ratio of 0.56 and a beta of 0.25. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.47 and a current ratio of 13.89.

LGI Homes (NASDAQ:LGIH) last released its earnings results on Tuesday, November 6th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.03. LGI Homes had a return on equity of 27.08% and a net margin of 9.99%. The business had revenue of $380.37 million for the quarter, compared to analyst estimates of $378.96 million. During the same quarter in the prior year, the company posted $1.40 earnings per share. LGI Homes’s revenue was up 4.0% on a year-over-year basis. On average, research analysts forecast that LGI Homes will post 6.43 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This report was first published by WKRB News and is owned by of WKRB News. If you are reading this report on another website, it was illegally stolen and reposted in violation of United States and international trademark and copyright laws. The legal version of this report can be read at https://www.wkrb13.com/2018/11/08/lgi-homes-lgih-issues-fy18-earnings-guidance.html.

About LGI Homes

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

Read More: How is the S&P 500 index different from the DJIA?

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

Receive News & Ratings for LGI Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LGI Homes and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply