Equities research analysts expect that LGI Homes Inc (NASDAQ:LGIH) will report earnings per share of $1.71 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for LGI Homes’ earnings, with the lowest EPS estimate coming in at $1.55 and the highest estimate coming in at $1.91. LGI Homes reported earnings of $1.43 per share in the same quarter last year, which suggests a positive year over year growth rate of 19.6%. The business is scheduled to announce its next quarterly earnings report on Tuesday, February 26th.

According to Zacks, analysts expect that LGI Homes will report full year earnings of $6.20 per share for the current financial year, with EPS estimates ranging from $6.07 to $6.40. For the next financial year, analysts expect that the company will post earnings of $7.20 per share, with EPS estimates ranging from $6.73 to $7.52. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover LGI Homes.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings results on Tuesday, November 6th. The financial services provider reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.03. The firm had revenue of $380.37 million for the quarter, compared to analyst estimates of $378.96 million. LGI Homes had a return on equity of 27.08% and a net margin of 9.99%. LGI Homes’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.40 earnings per share.

Several research firms recently weighed in on LGIH. Zacks Investment Research lowered LGI Homes from a “hold” rating to a “sell” rating in a research report on Thursday, October 11th. Wells Fargo & Co dropped their price target on LGI Homes from $63.00 to $44.00 and set an “average” rating on the stock in a research report on Wednesday. ValuEngine lowered LGI Homes from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. JPMorgan Chase & Co. raised LGI Homes from a “neutral” rating to an “overweight” rating and dropped their price target for the company from $69.00 to $58.50 in a research report on Friday, September 21st. Finally, BidaskClub raised LGI Homes from a “strong sell” rating to a “sell” rating in a research report on Friday, August 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $56.70.

A number of large investors have recently bought and sold shares of LGIH. Rhumbline Advisers increased its position in LGI Homes by 4.5% in the 2nd quarter. Rhumbline Advisers now owns 43,142 shares of the financial services provider’s stock worth $2,491,000 after purchasing an additional 1,847 shares during the last quarter. Legal & General Group Plc increased its position in LGI Homes by 6.6% in the 2nd quarter. Legal & General Group Plc now owns 40,120 shares of the financial services provider’s stock worth $2,311,000 after purchasing an additional 2,496 shares during the last quarter. GSA Capital Partners LLP increased its position in LGI Homes by 444.3% in the 2nd quarter. GSA Capital Partners LLP now owns 21,362 shares of the financial services provider’s stock worth $1,233,000 after purchasing an additional 17,437 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in LGI Homes by 29.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 41,075 shares of the financial services provider’s stock worth $2,371,000 after purchasing an additional 9,431 shares during the last quarter. Finally, BlackRock Inc. increased its position in LGI Homes by 4.8% in the 2nd quarter. BlackRock Inc. now owns 2,719,627 shares of the financial services provider’s stock worth $157,003,000 after purchasing an additional 124,283 shares during the last quarter. 87.73% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:LGIH traded up $1.06 during trading hours on Friday, hitting $41.26. 631,151 shares of the company’s stock traded hands, compared to its average volume of 482,583. The firm has a market capitalization of $905.05 million, a price-to-earnings ratio of 8.72, a PEG ratio of 0.56 and a beta of 0.25. LGI Homes has a twelve month low of $37.16 and a twelve month high of $81.88. The company has a current ratio of 13.89, a quick ratio of 1.47 and a debt-to-equity ratio of 1.02.

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.

Recommended Story: Retained Earnings

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.