LGI Homes (NASDAQ:LGIH) Announces Quarterly Earnings Results, Misses Estimates By $0.16 EPS

LGI Homes (NASDAQ:LGIH) released its quarterly earnings results on Tuesday. The financial services provider reported $2.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.16), Zacks reports. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%.

LGI Homes Stock Down 2.3 %

Shares of LGIH stock opened at $75.99 on Tuesday. The company’s fifty day simple moving average is $87.89 and its two-hundred day simple moving average is $101.12. LGI Homes has a 52 week low of $75.91 and a 52 week high of $125.83. The stock has a market cap of $1.79 billion, a P/E ratio of 9.11 and a beta of 2.03. The company has a quick ratio of 0.54, a current ratio of 12.72 and a debt-to-equity ratio of 0.77.

Wall Street Analysts Forecast Growth

LGIH has been the subject of a number of analyst reports. Seaport Res Ptn raised shares of LGI Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. Wedbush reaffirmed a “neutral” rating and issued a $115.00 target price (down previously from $125.00) on shares of LGI Homes in a report on Tuesday, January 7th. JMP Securities reissued a “market outperform” rating and set a $160.00 price target on shares of LGI Homes in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. dropped their price objective on LGI Homes from $82.00 to $80.00 and set an “underweight” rating for the company in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $118.33.

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.