LGI Homes, Inc. (NASDAQ:LGIH) – Analysts at Wedbush dropped their Q3 2017 earnings per share (EPS) estimates for LGI Homes in a research note issued to investors on Tuesday. Wedbush analyst J. Mccanless now forecasts that the financial services provider will post earnings per share of $1.23 for the quarter, down from their prior estimate of $1.47. Wedbush currently has a “Neutral” rating and a $35.00 target price on the stock. Wedbush also issued estimates for LGI Homes’ Q4 2017 earnings at $1.33 EPS, FY2017 earnings at $4.47 EPS, Q2 2018 earnings at $1.66 EPS, Q3 2018 earnings at $1.84 EPS, Q4 2018 earnings at $1.96 EPS and FY2018 earnings at $5.94 EPS.

LGIH has been the subject of several other research reports. Zacks Investment Research raised shares of LGI Homes from a “hold” rating to a “strong-buy” rating and set a $49.00 price target for the company in a research note on Tuesday, July 18th. J P Morgan Chase & Co cut shares of LGI Homes from an “overweight” rating to a “neutral” rating and set a $49.00 price target for the company. in a research note on Wednesday. ValuEngine cut shares of LGI Homes from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. Wells Fargo & Company raised shares of LGI Homes from an “underperform” rating to a “market perform” rating and set a $33.00 price target for the company in a research note on Tuesday, May 16th. Finally, Deutsche Bank AG increased their price target on shares of LGI Homes from $40.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $44.20.

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LGI Homes (NASDAQ LGIH) opened at 45.30 on Friday. The company has a market cap of $979.16 million, a P/E ratio of 12.03 and a beta of 0.07. The company has a 50 day moving average of $42.77 and a 200-day moving average of $34.57. LGI Homes has a one year low of $26.82 and a one year high of $49.95.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $1.39 EPS for the quarter, beating the Zacks’ 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 during the quarter, compared to the consensus estimate of $317.63 million. During the same quarter last year, the firm earned $0.96 EPS. The firm’s revenue for the quarter was up 45.6% compared to the same quarter last year.

In other news, CEO Eric Thomas Lipar sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $42.59, for a total value of $425,900.00. Following the transaction, the chief executive officer now directly owns 524,175 shares in the company, valued at approximately $22,324,613.25. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 13.60% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. LS Investment Advisors LLC raised its position in shares of LGI Homes by 414.6% in the first quarter. LS Investment Advisors LLC now owns 3,103 shares of the financial services provider’s stock valued at $105,000 after buying an additional 2,500 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of LGI Homes by 85.3% in the first quarter. Victory Capital Management Inc. now owns 3,090 shares of the financial services provider’s stock valued at $105,000 after buying an additional 1,422 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of LGI Homes by 14.2% in the first quarter. BNP Paribas Arbitrage SA now owns 3,238 shares of the financial services provider’s stock valued at $110,000 after buying an additional 402 shares in the last quarter. Mason Street Advisors LLC raised its position in shares of LGI Homes by 7.0% in the first quarter. Mason Street Advisors LLC now owns 3,981 shares of the financial services provider’s stock valued at $135,000 after buying an additional 260 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in shares of LGI Homes by 82.4% in the second quarter. State of Alaska Department of Revenue now owns 3,393 shares of the financial services provider’s stock valued at $136,000 after buying an additional 1,533 shares in the last quarter. Hedge funds and other institutional investors own 87.66% of the company’s stock.

LGI Homes Company Profile

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.

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

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