Analysts forecast that LGI Homes Inc (NASDAQ:LGIH) will report earnings per share (EPS) of $1.56 for the current quarter, Zacks reports. Four analysts have issued estimates for LGI Homes’ earnings, with estimates ranging from $1.48 to $1.71. LGI Homes reported earnings per share of $1.40 in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.4%. The company is scheduled to issue its next earnings results on Tuesday, November 6th.

On average, analysts expect that LGI Homes will report full year earnings of $6.51 per share for the current year, with EPS estimates ranging from $6.40 to $6.69. For the next financial year, analysts forecast that the company will report earnings of $7.52 per share, with EPS estimates ranging from $6.34 to $8.16. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover LGI Homes.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, August 7th. The financial services provider reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.22. LGI Homes had a return on equity of 28.50% and a net margin of 9.81%. The firm had revenue of $419.85 million for the quarter, compared to analysts’ expectations of $414.52 million.

A number of analysts have issued reports on LGIH shares. Zacks Investment Research raised LGI Homes from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. BidaskClub raised LGI Homes from a “sell” rating to a “hold” rating in a research report on Friday, July 20th. ValuEngine raised LGI Homes from a “sell” rating to a “hold” rating in a research report on Thursday, August 9th. Wedbush set a $55.00 target price on LGI Homes and gave the company a “hold” rating in a research report on Thursday, October 4th. Finally, JPMorgan Chase & Co. raised LGI Homes from a “neutral” rating to an “overweight” rating and cut their target price for the company from $69.00 to $58.50 in a research report on Friday, September 21st. Three analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $61.88.

Institutional investors have recently bought and sold shares of the company. Altium Wealth Management LLC purchased a new stake in shares of LGI Homes during the first quarter worth $200,000. Morse Asset Management Inc purchased a new stake in shares of LGI Homes during the second quarter worth $207,000. Atria Investments LLC purchased a new stake in shares of LGI Homes during the third quarter worth $214,000. Profund Advisors LLC purchased a new stake in shares of LGI Homes during the first quarter worth $216,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of LGI Homes during the second quarter worth $221,000. 89.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ LGIH opened at $38.80 on Wednesday. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 8.44, a PEG ratio of 0.66 and a beta of 0.07. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.47 and a current ratio of 15.32. LGI Homes has a 52-week low of $38.43 and a 52-week high of $81.88.

LGI Homes Company Profile

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.

Featured Story: Dow Jones Industrial Average (DJIA)

Get a free copy of the Zacks research report on LGI Homes (LGIH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.