LGI Homes (NASDAQ:LGIH – Get Free Report) issued its quarterly earnings data on Tuesday. The financial services provider reported $2.15 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.16), Zacks reports. LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. The firm had revenue of $557.40 million during the quarter, compared to analyst estimates of $588.56 million. During the same quarter in the previous year, the firm posted $2.19 earnings per share. LGI Homes’s quarterly revenue was down 8.4% compared to the same quarter last year.
LGI Homes Stock Performance
Shares of NASDAQ:LGIH traded down $1.22 on Thursday, hitting $74.61. 55,162 shares of the company were exchanged, compared to its average volume of 216,097. The company’s 50 day moving average price is $87.17 and its two-hundred day moving average price is $100.79. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 8.95 and a beta of 2.03. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.54 and a current ratio of 12.72. LGI Homes has a one year low of $74.71 and a one year high of $125.83.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on LGIH shares. JPMorgan Chase & Co. cut their target price on shares of LGI Homes from $82.00 to $80.00 and set an “underweight” rating for the company in a research report on Tuesday, January 14th. JMP Securities reiterated a “market outperform” rating and issued a $160.00 price objective on shares of LGI Homes in a research note on Friday, January 10th. Seaport Res Ptn upgraded LGI Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $115.00 target price (down previously from $125.00) on shares of LGI Homes in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock 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.
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