LGI Homes (LGIH) Projected to Post Earnings on Tuesday

LGI Homes (NASDAQ:LGIH) is expected to be announcing its earnings results before the market opens on Tuesday, February 25th. Analysts expect the company to announce earnings of $2.31 per share and revenue of $588.56 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

LGI Homes Stock Performance

Shares of LGI Homes stock opened at $85.11 on Tuesday. The firm has a fifty day moving average of $90.17 and a two-hundred day moving average of $101.87. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 10.21 and a beta of 2.03. LGI Homes has a 52 week low of $81.71 and a 52 week high of $130.75. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.54 and a current ratio of 12.72.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on LGIH shares. Seaport Res Ptn upgraded 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 set a $115.00 price target (down from $125.00) on shares of LGI Homes in a research report on Tuesday, January 7th. JPMorgan Chase & Co. dropped their price target on shares of LGI Homes from $82.00 to $80.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 14th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $160.00 price target on shares of LGI Homes in a research report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $118.33.

About LGI Homes

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.