Q4 2024 Earnings Estimate for LGI Homes, Inc. (NASDAQ:LGIH) Issued By Wedbush

LGI Homes, Inc. (NASDAQ:LGIH - Free Report) - Stock analysts at Wedbush reduced their Q4 2024 EPS estimates for shares of LGI Homes in a research note issued to investors on Thursday, October 3rd. Wedbush analyst J. Mccanless now forecasts that the financial services provider will post earnings of $2.83 per share for the quarter, down from their previous forecast of $2.94. Wedbush has a "Neutral" rating and a $125.00 price objective on the stock. The consensus estimate for LGI Homes' current full-year earnings is $9.01 per share. Wedbush also issued estimates for LGI Homes' Q2 2025 earnings at $2.67 EPS and Q4 2025 earnings at $3.25 EPS.

LGI Homes (NASDAQ:LGIH - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.24. The company had revenue of $602.50 million during the quarter, compared to analysts' expectations of $617.44 million. LGI Homes had a net margin of 8.78% and a return on equity of 10.45%. LGI Homes's revenue was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.25 EPS.

Separately, JPMorgan Chase & Co. dropped their target price on LGI Homes from $95.00 to $93.00 and set an "underweight" rating for the company in a report on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $126.00.

LGI Homes Price Performance

Shares of NASDAQ:LGIH traded down $0.87 during midday trading on Monday, hitting $110.53. The company had a trading volume of 112,324 shares, compared to its average volume of 214,268. LGI Homes has a twelve month low of $84.00 and a twelve month high of $136.89. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 13.82 and a beta of 1.95. The company has a debt-to-equity ratio of 0.78, a current ratio of 12.63 and a quick ratio of 0.49. The business's 50-day simple moving average is $109.36 and its 200-day simple moving average is $101.90.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Altshuler Shaham Ltd raised its position in LGI Homes by 5,860.2% in the second quarter. Altshuler Shaham Ltd now owns 454,760 shares of the financial services provider's stock valued at $40,696,000 after purchasing an additional 447,130 shares during the period. Khrom Capital Management LLC acquired a new stake in shares of LGI Homes during the 2nd quarter worth about $21,477,000. Wasatch Advisors LP raised its holdings in LGI Homes by 9.9% in the 1st quarter. Wasatch Advisors LP now owns 1,460,245 shares of the financial services provider's stock valued at $169,929,000 after buying an additional 131,467 shares during the period. Bright Financial Advisors Inc. acquired a new position in LGI Homes in the first quarter valued at about $12,260,000. Finally, Marshall Wace LLP boosted its stake in LGI Homes by 51.8% during the second quarter. Marshall Wace LLP now owns 269,798 shares of the financial services provider's stock worth $24,144,000 after buying an additional 92,081 shares during the period. 84.89% of the stock is currently owned by institutional investors and hedge funds.

LGI Homes Company Profile

LGI Homes, Inc designs, constructs, and sells homes. It offers entry-level homes, such as attached and detached homes, and active adult homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. The company also engages in the wholesale business, which include building and selling homes to large institutions looking to acquire single-family rental properties.