LGI Homes (LGIH) Scheduled to Post Quarterly Earnings on Tuesday

LGI Homes (NASDAQ:LGIH - Get Free Report) will issue its quarterly earnings data before the market opens on Tuesday, November 5th. Analysts expect the company to announce earnings of $2.77 per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

LGI Homes (NASDAQ:LGIH - Get Free Report) last issued its earnings results on Tuesday, July 30th. The financial services provider reported $2.48 EPS for the quarter, beating the consensus estimate of $2.24 by $0.24. The firm had revenue of $602.50 million during the quarter, compared to the consensus estimate of $617.44 million. LGI Homes had a net margin of 8.78% and a return on equity of 10.45%. The business's quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.25 earnings per share. On average, analysts expect LGI Homes to post $9 EPS for the current fiscal year and $11 EPS for the next fiscal year.

LGI Homes Trading Down 2.2 %

Shares of NASDAQ LGIH traded down $2.30 during midday trading on Tuesday, reaching $102.31. 246,579 shares of the stock were exchanged, compared to its average volume of 210,416. LGI Homes has a 12 month low of $84.00 and a 12 month high of $136.89. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 12.79 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 has a 50-day simple moving average of $110.98 and a two-hundred day simple moving average of $102.17.

Analysts Set New Price Targets

LGIH has been the topic of several recent analyst reports. Wedbush reiterated a "neutral" rating and set a $125.00 target price on shares of LGI Homes in a report on Friday, October 4th. JPMorgan Chase & Co. decreased their price objective on LGI Homes from $95.00 to $93.00 and set an "underweight" rating for the company in a research 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 issued a buy rating to the stock. According to data from MarketBeat, LGI Homes currently has an average rating of "Hold" and a consensus price target of $126.00.

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.