LGI Homes (LGIH) Announces Quarterly Earnings, Beats Estimates By $0.10 EPS
LGI Homes (NASDAQ:LGIH) released its earnings data on Tuesday. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.10, Stock Ratings Network.com reports. The company had revenue of $106.40 million for the quarter, compared to the consensus estimate of $90.81 million.
Shares of LGI Homes (NASDAQ:LGIH) opened at 20.39 on Tuesday. LGI Homes has a 52 week low of $12.01 and a 52 week high of $22.21. The stock has a 50-day moving average of $19.19 and a 200-day moving average of $17.22. The company has a market cap of $423.4 million and a P/E ratio of 43.49.
A number of research firms have recently commented on LGIH. Analysts at Zacks upgraded shares of LGI Homes from a “neutral” rating to an “outperform” rating in a research note on Friday, July 25th. They now have a $21.70 price target on the stock. On a related note, analysts at Deutsche Bank reiterated a “buy” rating on shares of LGI Homes in a research note on Monday, June 23rd. They now have a $20.00 price target on the stock, up previously from $18.00. Finally, analysts at Sidoti initiated coverage on shares of LGI Homes in a research note on Tuesday, June 3rd. They set a “buy” rating on the stock. Six equities research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of $21.14.
LGI Homes, Inc is a homebuilding company engaged in the design and construction of entry-level homes in markets in Texas, Arizona, Florida and Georgia.
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