LGI Homes (NASDAQ:LGIH) issued its quarterly earnings data on Tuesday. The financial services provider reported $5.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.94 by $1.24, MarketWatch Earnings reports. The business had revenue of $897.40 million during the quarter, compared to analyst estimates of $594.33 million. LGI Homes had a net margin of 12.15% and a return on equity of 24.77%. The company’s revenue for the quarter was up 48.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.52 EPS.
LGI Homes stock traded down $3.46 during mid-day trading on Tuesday, reaching $111.63. The stock had a trading volume of 16,528 shares, compared to its average volume of 294,552. LGI Homes has a one year low of $33.00 and a one year high of $132.98. The company has a 50-day moving average price of $109.60 and a two-hundred day moving average price of $112.27. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 11.25 and a beta of 1.45. The company has a debt-to-equity ratio of 0.61, a current ratio of 12.91 and a quick ratio of 1.13.
A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of LGI Homes from a “neutral” rating to an “underweight” rating and set a $129.00 price target for the company. in a research note on Tuesday, November 17th. UBS Group started coverage on LGI Homes in a research report on Tuesday, December 8th. They set a “buy” rating and a $140.00 price target on the stock. JMP Securities increased their price objective on LGI Homes from $125.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, November 6th. KeyCorp initiated coverage on LGI Homes in a research report on Monday. They set a “sector weight” rating for the company. Finally, Zacks Investment Research downgraded shares of LGI Homes from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. LGI Homes currently has an average rating of “Hold” and an average target price of $111.86.
LGI Homes, Inc designs, constructs, and sells homes in the United States. It offers entry-level homes, such as detached and attached homes, and move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. As of March 31, 2020, it owned 113 communities. The company serves in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, Nevada, and West Virginia.
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