Q4 Earnings Forecast for LGI Homes Issued By Seaport Res Ptn

LGI Homes, Inc. (NASDAQ:LGIH) – Equities research analysts at Seaport Res Ptn decreased their Q4 2024 earnings per share estimates for LGI Homes in a note issued to investors on Sunday, November 10th. Seaport Res Ptn analyst K. Zener now expects that the financial services provider will post earnings per share of $2.31 for the quarter, down from their previous estimate of $2.97. The consensus estimate for LGI Homes’ current full-year earnings is $8.88 per share.

Separately, Wedbush reaffirmed a “neutral” rating and set a $125.00 price target on shares of LGI Homes in a research note on Wednesday, November 6th. Two investment 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $126.00.

LGI Homes Price Performance

NASDAQ:LGIH opened at $104.94 on Wednesday. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 12.58 and a beta of 1.97. LGI Homes has a 52-week low of $84.00 and a 52-week high of $136.89. The stock has a fifty day moving average of $110.59 and a 200 day moving average of $102.99. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.54 and a current ratio of 12.72.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.41. The company had revenue of $651.85 million during the quarter, compared to analyst estimates of $645.27 million. LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company earned $2.84 earnings per share.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. First Horizon Advisors Inc. increased its holdings in shares of LGI Homes by 32.5% in the second quarter. First Horizon Advisors Inc. now owns 440 shares of the financial services provider’s stock worth $39,000 after buying an additional 108 shares during the period. Innealta Capital LLC purchased a new position in shares of LGI Homes in the second quarter worth about $39,000. Allspring Global Investments Holdings LLC purchased a new position in shares of LGI Homes in the third quarter worth about $43,000. KBC Group NV increased its holdings in shares of LGI Homes by 29.8% in the third quarter. KBC Group NV now owns 732 shares of the financial services provider’s stock worth $87,000 after buying an additional 168 shares during the period. Finally, CWM LLC increased its holdings in shares of LGI Homes by 27.5% in the third quarter. CWM LLC now owns 867 shares of the financial services provider’s stock worth $103,000 after buying an additional 187 shares during the period. Hedge funds and other institutional investors own 84.89% of the company’s stock.

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.