LGI Homes Q1 2024 GAAP EPS $0.72 Misses $1.00 Estimate, Sales $390.851M Miss $400.005M Estimate

4/30/24 7:05:01 AM ET

Homebuilding

Consumer Discretionary

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LGI Homes (NASDAQ:LGIH) reported quarterly earnings of $0.72 per share which missed the analyst consensus estimate of $1.00 by 28 percent. This is a 36.84 percent decrease over earnings of $1.14 per share from the same period last year. The company reported quarterly sales of $390.851 million which missed the analyst consensus estimate of $400.005 million by 2.29 percent. This is a 19.80 percent decrease over sales of $487.357 million the same period last year.

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Recent Analyst Ratings for
$LGIH

Date	Price Target	Rating	Analyst
9/9/2024	$97.00 → $125.00	Underperform → Neutral	Wedbush
8/5/2024	$85.00	Neutral → Sell	Seaport Research Partners
4/2/2024	$88.00 → $74.00	Neutral → Underperform	Wedbush
10/2/2023		Sell → Neutral	BTIG Research
6/14/2023	$156.00	Buy	Seaport Research Partners
2/22/2023	$73.00	Neutral → Sell	BTIG Research
4/20/2022		Sell → Neutral	BTIG Research
3/23/2022	$98.00	Neutral → Sell	BTIG Research

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$LGIH
Press Releases

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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 "Offering") of $400 million aggregate principal amount of unsecured Senior Notes due 2032 (the "Notes") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to certain non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act. The Notes will bear interest at a rate of 7.000% per annum. The Notes will be initially guaranteed, jointly and severa
11/12/24 4:24:26 PM ET
$LGIH
Homebuilding
Consumer Discretionary
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 million aggregate principal amount of unsecured Senior Notes due 2032 (the "Notes") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to certain non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act. The timing of pricing and terms of the Notes are subject to market conditions and other factors. The Notes are expected to be init
11/12/24 8:38:14 AM ET
$LGIH
Homebuilding
Consumer Discretionary
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. As of October 31, 2024, the Company had 138 active selling communities. About LGI Homes, Inc. Headquartered in The Woodlands, Texas, LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and systematic approach to the design, construction and sale of homes across 36 markets in 21 states. As one of America's fastest growing companies, LGI Homes has closed over 70,000 homes since its founding in 2003 and has delivered profitable financial results every year. Nationally recognized for its quality construction and
11/5/24 5:26:10 PM ET
$LGIH
Homebuilding
Consumer Discretionary

$LGIH
Financials

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LGI Homes Reports Third Quarter 2024 Results and Updates Full Year 2024 Guidance
THE WOODLANDS, Texas, Nov. 05, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced financial results for the third quarter 2024 and the nine months ended September 30, 2024. Third Quarter 2024 Highlights Home sales revenues increased 5.6% to $651.9 millionHome closings increased 0.3% to 1,757 homesAverage sales price per home closed increased 5.2% to $371,004Gross margin as a percentage of home sales revenues decreased 60 basis points to 25.1%Adjusted gross margin* as a percentage of home sales revenues was 27.2% in both comparable periodsNet income before income taxes increased 2.7% to $91.9 millionNet income increased 3.8% to $69.6 million, or $2.96 basic EPS and $2
11/5/24 7:00:00 AM ET
$LGIH
Homebuilding
Consumer Discretionary
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 1,757 homes closed during the third quarter of 2024. As of September 30, 2024, the Company had 138 active selling communities. The Company plans to release financial results for the third quarter ended September 30, 2024, before the market opens on Tuesday, November 5, 2024. The Company will hold a conference call at 12:30 p.m. Eastern Time the same day to discuss the results. A link to the live audio webcast will be provided through the Investor Relations page of the Company's website at www.
10/3/24 6:01:00 PM ET
$LGIH
Homebuilding
Consumer Discretionary
LGI Homes Reports Second Quarter 2024 Results and Updates Full Year 2024 Guidance
THE WOODLANDS, Texas, July 30, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced financial results for the second quarter 2024 and the six months ended June 30, 2024. Second Quarter 2024 Highlights Home sales revenues of $602.5 millionHome closings of 1,655Average sales price per home closed of $364,047Gross margin as a percentage of home sales revenues of 25.0%Adjusted gross margin (non-GAAP) as a percentage of home sales revenues of 27.0%Net income before income taxes of $76.9 millionNet income of $58.6 million, or $2.49 basic EPS and $2.48 diluted EPS Six Months Ended June 30, 2024 Highlights Home sales revenues of $993.3 millionHome closings of 2,738Average sa
7/30/24 7:00:00 AM ET
$LGIH
Homebuilding
Consumer Discretionary

LGI Homes Q1 2024 GAAP EPS $0.72 Misses $1.00 Estimate, Sales $390.851M Miss $400.005M Estimate

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Recent Analyst Ratings for $LGIH

$LGIH Market Insights

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Shares of household durable stocks are trading higher after store sales of building material and garden supplies rose 1.4% in June. Also, strength may be due to trader optimism that the Fed will cut rates.

Shares of homebuilders and building companies are trading higher as Treasury yields drop following softer-than-expected June CPI figures.

JP Morgan Maintains Underweight on LGI Homes, Lowers Price Target to $93

$LGIH Analyst Ratings

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LGI Homes upgraded by Wedbush with a new price target

LGI Homes downgraded by Seaport Research Partners with a new price target

LGI Homes downgraded by Wedbush with a new price target

$LGIH Large Ownership Changes

This live feed shows all institutional transactions in real time.

Amendment: SEC Form SC 13G/A filed by LGI Homes Inc.

SEC Form SC 13G/A filed by LGI Homes Inc. (Amendment)

SEC Form SC 13G filed by LGI Homes Inc.

$LGIH Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Director Vahradian Robert Karnig gifted 600 shares, decreasing direct ownership by 3% to 22,520 units (SEC Form 4)

Snider Michael Larry was granted 8,747 shares and sold $879,724 worth of shares (7,993 units at $110.06), increasing direct ownership by 4% to 19,016 units (SEC Form 4)

Merdian Charles Michael was granted 7,250 shares and sold $712,118 worth of shares (6,361 units at $111.95), increasing direct ownership by 10% to 9,458 units (SEC Form 4)

$LGIH Press Releases

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LGI Homes Announces Pricing of $400 Million of Unsecured Senior Notes due 2032

LGI Homes Announces Private Offering of $400 Million of Unsecured Senior Notes due 2032

LGI Homes, Inc. Reports October 2024 Home Closings

$LGIH SEC Filings

LGI Homes Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits

LGI Homes Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financial Statements and Exhibits

LGI Homes Inc. filed SEC Form 8-K: Regulation FD Disclosure, Other Events, Financial Statements and Exhibits

$LGIH Financials

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LGI Homes Reports Third Quarter 2024 Results and Updates Full Year 2024 Guidance

LGI Homes Reports September and Third Quarter 2024 Home Closings and Announces Date for Third Quarter Earnings Conference Call

LGI Homes Reports Second Quarter 2024 Results and Updates Full Year 2024 Guidance

$LGIH Leadership Updates

Live Leadership Updates

LGI Homes, Inc. Appoints Maria Renna Sharpe to its Board of Directors

LGI Homes, Inc. Appoints Shailee Parikh to its Board of Directors

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