Brokerages predict that LGI Homes, Inc. (NASDAQ:LGIH) will report sales of $351.17 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for LGI Homes’ earnings. The highest sales estimate is $376.00 million and the lowest is $322.50 million. LGI Homes posted sales of $216.30 million in the same quarter last year, which suggests a positive year-over-year growth rate of 62.4%. The company is scheduled to report its next earnings results before the market opens on Tuesday, November 7th.

On average, analysts expect that LGI Homes will report full-year sales of $351.17 million for the current fiscal year, with estimates ranging from $1.10 billion to $1.24 billion. For the next financial year, analysts anticipate that the business will report sales of $1.41 billion per share, with estimates ranging from $1.33 billion to $1.51 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow LGI Homes.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $1.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.12. LGI Homes had a net margin of 9.22% and a return on equity of 23.65%. The firm had revenue of $324.20 million for the quarter, compared to analysts’ expectations of $317.63 million. During the same quarter in the prior year, the business earned $0.96 EPS. The business’s quarterly revenue was up 45.6% on a year-over-year basis.

A number of equities research analysts recently commented on the company. Zacks Investment Research upgraded LGI Homes from a “hold” rating to a “strong-buy” rating and set a $49.00 target price on the stock in a research report on Tuesday, July 18th. Wedbush reiterated a “neutral” rating and issued a $35.00 target price on shares of LGI Homes in a research report on Tuesday, July 4th. BidaskClub upgraded LGI Homes from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. J P Morgan Chase & Co lowered LGI Homes from an “overweight” rating to a “neutral” rating and set a $49.00 target price on the stock. in a research report on Wednesday, August 9th. Finally, ValuEngine upgraded LGI Homes from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 30th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. LGI Homes has an average rating of “Buy” and an average target price of $49.40.

In other LGI Homes news, Director Bryan Christopher Sansbury sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $46.30, for a total value of $1,157,500.00. Following the sale, the director now owns 159,551 shares in the company, valued at approximately $7,387,211.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michael Larry Snider sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $45.81, for a total value of $160,335.00. Following the completion of the sale, the insider now owns 191,948 shares in the company, valued at approximately $8,793,137.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 53,500 shares of company stock worth $2,674,585. Insiders own 13.60% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its position in LGI Homes by 85.3% in the 1st quarter. Victory Capital Management Inc. now owns 3,090 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 1,422 shares in the last quarter. State of Alaska Department of Revenue boosted its position in LGI Homes by 82.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,393 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 1,533 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in LGI Homes by 56.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,069 shares of the financial services provider’s stock worth $204,000 after purchasing an additional 1,831 shares in the last quarter. LS Investment Advisors LLC boosted its position in LGI Homes by 37.3% in the 3rd quarter. LS Investment Advisors LLC now owns 4,214 shares of the financial services provider’s stock worth $205,000 after purchasing an additional 1,145 shares in the last quarter. Finally, Fortaleza Asset Management Inc. boosted its position in LGI Homes by 38.5% in the 2nd quarter. Fortaleza Asset Management Inc. now owns 5,775 shares of the financial services provider’s stock worth $232,000 after purchasing an additional 1,605 shares in the last quarter. Institutional investors and hedge funds own 93.38% of the company’s stock.

LGI Homes (LGIH) opened at 59.04 on Monday. The company has a market cap of $1.28 billion, a PE ratio of 15.68 and a beta of 0.11. The stock has a 50 day moving average of $50.32 and a 200 day moving average of $41.43. LGI Homes has a 52 week low of $26.82 and a 52 week high of $59.11.

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About LGI Homes

LGI Homes, Inc is a homebuilder and land developer. The Company is engaged in the design, construction, marketing and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington and Tennessee. The Company operates through five segments: the Texas division, the Southwest division, the Southeast division, the Florida division and the Northwest division.

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

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