LGI Homes, Inc. (LGIH)
Market Cap | 2.39B |
Revenue (ttm) | 2.25B |
Net Income (ttm) | 197.29M |
Shares Out | 23.51M |
EPS (ttm) | 8.36 |
PE Ratio | 12.18 |
Forward PE | 10.16 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 151,058 |
Open | 100.60 |
Previous Close | 101.16 |
Day's Range | 99.59 - 101.94 |
52-Week Range | 84.00 - 136.89 |
Beta | 1.98 |
Analysts | Hold |
Price Target | 124.60 (+22.41%) |
Earnings Date | Nov 5, 2024 |
About LGIH
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. It serves customers in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee, Minnesota, Okl... [Read more]
Financial Performance
In 2023, LGI Homes's revenue was $2.36 billion, an increase of 2.35% compared to the previous year's $2.30 billion. Earnings were $199.23 million, a decrease of -38.99%.
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for LGIH stock is "Hold." The 12-month stock price forecast is $124.6, which is an increase of 22.41% from the latest price.
News
LGI Homes Announces Pricing of $400 Million of Unsecured Senior Notes due 2032
THE WOODLANDS, Texas, Nov. 12, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) (“LGI Homes” or the “Company”) today announced that it has priced its previously announced offering (the “Offerin...
LGI Homes Announces Private Offering of $400 Million of Unsecured Senior Notes due 2032
THE WOODLANDS, Texas, Nov. 12, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) (“LGI Homes” or the “Company”) today announced that it has commenced a private offering (the “Offering”) of $400 ...
LGI Homes, Inc. Reports October 2024 Home Closings
THE WOODLANDS, Texas, Nov. 05, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 525 homes in October 2024.
LGI Homes, Inc. (LGIH) Q3 2024 Earnings Call Transcript
LGI Homes, Inc. (NASDAQ:LGIH) Q3 2024 Earnings Conference Call November 5, 2024 ET Company Participants Joshua Fattor - Executive Vice President of Investor Relations and Capital Markets Eric Lipar -...
LGI Homes: Staying Firm On This Rating
I remain cautious about LGI Homes despite the promising homebuilding market, maintaining a 'hold' rating due to declining revenue, high cancellation rates, and weak net new orders. The company's profi...
LGI Homes Reports September and Third Quarter 2024 Home Closings and Announces Date for Third Quarter Earnings Conference Call
THE WOODLANDS, Texas, Oct. 03, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 579 homes in September 2024, a 7.2% year-over-year increase, resulting in a total of 1,...
LGI Homes Recognized as one of the World's Most Trustworthy Companies for the Second Consecutive Year by Newsweek
THE WOODLANDS, Texas, Sept. 24, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced that it has been named on Newsweek's list of the World's Most Trustworthy Companies 2024.
LGI Homes Launches its Largest National Sales Event of the Year
THE WOODLANDS, Texas, Sept. 17, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced the launch of its premier “Make Your Move” National Sales Event.
These 3 Real Estate Stocks Attract Rating, Forecast Changes By Analysts
Investors buy shares in real estate companies for exposure to property with a lower outlay but the same returns.
LGI Homes, Inc. Reports August 2024 Home Closings
THE WOODLANDS, Texas, Sept. 05, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 610 homes in August 2024.
LGI Homes Opens Two New Communities in the Albuquerque Market
ALBUQUERQUE, N.M., Aug. 09, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) is excited to announce the opening of its latest communities, Villa De Marcos Gabriel and Legacy at Sierra Vista, in...
Still Neutral On LGI Homes Despite Initial Post-Earnings Excitement
LGI Homes saw a 13.8% post-earnings surge despite a significant reduction in home closings guidance. LGIH's ability to raise margins and prices likely dominated sentiment. However, I remain neutral as...
LGI Homes, Inc. Reports July 2024 Home Closings
THE WOODLANDS, Texas, Aug. 05, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 568 homes in July 2024.
LGI Homes, Inc. (LGIH) Q2 2024 Earnings Call Transcript
LGI Homes, Inc. (NASDAQ:LGIH) Q2 2024 Earnings Conference Call July 30, 2024 12:30 PM ET Company Participants Joshua Fattor - IR Eric Lipar - Chairman & CEO Charles Merdian - CFO & Treasurer Conferen...
LGI Homes, Inc. Reports June and Second Quarter 2024 Home Closings and Announces Date for Second Quarter Earnings Conference Call
THE WOODLANDS, Texas, July 03, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 571 homes in June 2024. In addition, the Company announced quarterly home closings of 1...
LGI Homes: Despite Discount Valuation, Underperformance Warrants Caution
LGI Homes stock sits at a post-earnings low despite reiterated guidance. Margin improvements are anticipated, but not enough to reverse the downtrend with revenue growth slower than community count gr...
LGI Homes Opens New Community in the Atlanta Area
ATLANTA, June 21, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) announced its newest community in the Atlanta market, Conners Landing at Mirror Lake , located in the charming town of Villa R...
LGI Homes Announces its Newest Community in Jacksonville, Florida
JACKSONVILLE, Fla., June 19, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today introduced its newest community in the Jacksonville market, Westport Landing.
LGI Homes Opens New Community in San Antonio Market
SAN ANTONIO, Texas, June 10, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced the commencement of sales in Lytle, Texas at the new Rosewood Estates community. Located just minut...
LGI Homes Celebrates National Homeownership Month
THE WOODLANDS, Texas, June 07, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) commemorates National Homeownership Month. Since 2003, LGI Homes has recognized National Homeownership Month ever...
LGI Homes, Inc. Reports May 2024 Home Closings
THE WOODLANDS, Texas, June 05, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 579 homes in May 2024.
LGI Homes Commemorates Annual Service Impact Day and Celebrates Employee Volunteerism
THE WOODLANDS, Texas, May 17, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) is proud to announce the success of Service Impact Day 2024. During this special event, every LGI Homes employee t...
LGI Homes Announces the Grand Opening of Cambridge Cove, A New Community North of Minneapolis
CAMBRIDGE, Minn., May 17, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced the grand opening of Cambridge Cove, a new single-family home community located north of Minneapolis i...
LGI Homes Announces its Newest Community in the Riverside Market
INDIO, Calif., May 15, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced the opening of a new community in the Riverside, California market, Northgate.
LGI Homes: Risk/Reward Remains Attractive
LGI's Q1 results came in below my expectations, but I don't think the declines represent a structural degradation. Looking ahead, their absorption rate should grow throughout the year as evidenced by ...