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LGIH

LGI Homes

$47.84

0.4 (0.84%)

07:13
08/08/17
08/08
07:13
08/08/17
07:13

LGI Homes sees FY17 EPS $4.25-$4.75, consensus $4.13

Subject to the caveats in the Forward-Looking Statements section of this press release, the company offers the following updated guidance for 2017. The company believes it will have between 75 and 80 active selling communities at the end of 2017, close more than 5,000 homes in 2017, and generate basic EPS between $4.25 and $4.75 per share during 2017. In addition, the company believes 2017 gross margin as a percentage of home sales revenues will be in the range of 25.0% and 27.0% and 2017 adjusted gross margin as a percentage of home sales revenues will be similar to previous years in the range of 26.5% and 28.5% with capitalized interest accounting for substantially all of the difference between gross margin and adjusted gross margin. The company also believes that the average home sales price in 2017 will be between $210,000 and $220,000. This outlook assumes that general economic conditions, including interest rates and mortgage availability, in the remainder of 2017 are similar to those in the first half of 2017 and that average home sales price, construction costs, availability of land, land development costs and overall absorption rates for 2017 are consistent with the company's recent experience.

  • 08

    Aug

LGIH LGI Homes
$47.84

0.4 (0.84%)

02/06/17
WELS
02/06/17
DOWNGRADE
WELS
Underperform
LGI Homes downgraded to Underperform from Market Perform at Wells Fargo
Wells Fargo analyst Stephen East downgraded LGI Homes to Underperform citing the company's "disappointing" January Closings, which fell nearly 26% to 172 from 232 last year despite community growth of 20%. This is the company's lowest Closing absorption pace since coming public in 2013, the analyst tells investors. He lowered his price target range for the shares to $26-$28.
02/07/17
BTIG
02/07/17
INITIATION
BTIG
Neutral
LGI Homes initiated with a Neutral at BTIG
05/16/17
WELS
05/16/17
UPGRADE
Target $33
WELS
Market Perform
LGI Homes upgraded to Market Perform from Underperform at Wells Fargo
Wells Fargo analyst Stephen East upgraded LGI Homes to Market Perform saying comps become "significantly easier" after May and that the company is on the verge of stabilizing its Texas community count. The analyst has a $33 price target for the shares.
05/17/17
DBAB
05/17/17
NO CHANGE
DBAB
Firestone incident could hurt Colorado homebuilding, says Deutsche Bank
Deutsche Bank analyst Nishu Sood performed on analysis on the Century Communities (CCS) home that exploded in April due to a gas leak from a nearby oil and gas well flow line that hadn't been properly sealed. The incident at Firestone claimed two lives and set off a "vigorous debate about how to ensure the safety of existing and new development," Sood tells investors in a research note. He believes the incident could "significantly affect" homebuilding in Colorado and pegs Century Communities and M.D.C. Holdings (MDC) as being most exposed. Nearly 30% of M.D.C. and Century's revenues are driven by Colorado, the analyst tells investors in a research note. He adds that Meritage Homes (MTH) and LGI Homes (LGIH) also likely have roughly 10% revenue exposure to Colorado.

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