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LGIH

LGI Homes

$65.56

-5.34 (-7.53%)

10:04
05/07/19
05/07
10:04
05/07/19
10:04

LGI Homes affirms 2019 basic EPS outlook $7.00-$8.00

LGI Homes said earlier in its earnings release, "Overall, we remain optimistic on industry dynamics and are encouraged by the strength of our sales in recent months. We are confident in our ability to deliver robust results and believe we are on track to meet our goal of 6,900 to 7,800 home closings in 2019 and generate basic EPS in the range of $7.00 to $8.00 per share." It added, "The Company believes 2019 gross margin as a percentage of home sales revenues will be in the range of 23.5% and 25.5% and 2019 adjusted gross margin as a percentage of home sales revenues will be in the range of 25.5% and 27.5% 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 2019 will be between $235,000 and $245,000. This outlook assumes that general economic conditions, including interest rates and mortgage availability, in the remainder of 2019 are similar to those experienced in the first quarter of 2019 and that average home sales price, construction costs, availability of land, land development costs and overall absorption rates in the remainder of 2019 are consistent with the Company's recent experience."

  • 07

    May

LGIH LGI Homes
$65.56

-5.34 (-7.53%)

05/06/19
WELS
05/06/19
NO CHANGE
Target $80
WELS
Outperform
LGI Homes price target raised to $80 from $70 at Wells Fargo
Wells Fargo analyst Stephen East raised his price target for LGI Homes to $80 from $70 as he expects April's Closings result will be a tailwind for the equity heading into the company's Q1 earnings. The analyst believes growth should be boosted by 20%-plus 2019 community growth. He reiterates an Outperform rating on the shares.
01/07/19
01/07/19
UPGRADE
Target $58

Outperform
LGI Homes upgraded to Outperform at Wells Fargo on lower rates, closings growth
As previously reported, Wells Fargo analyst Stephen East upgraded LGI Homes to Outperform from Market Perform as the big retrenchment in rates, its Entry Level focus and much better Closings performance the last two months positions its equity to rise. Given that LGI Homes regularly posts the strongest growth and the best gross margin in the group, the analyst believes that valuation is achievable now that it has finally crossed over to Closings growth despite the difficult comps. East also raised his price target on the shares to $58 from $44.
01/07/19
WELS
01/07/19
UPGRADE
WELS
Outperform
LGI Homes upgraded to Outperform from Market Perform at Wells Fargo
11/28/18
JPMS
11/28/18
NO CHANGE
JPMS
JPMorgan remains cautious on Homebuilders after new home sales miss
JPMorgan analyst Michael Rehaut remains cautious on Homebuilding stocks after October new home sales fell 9%, below the Street's estimate of 4%. The analyst expects a "fairly tepid" recovery in housing starts to continue in 2019 and believes the current softness may last for a few more months. Further, he thinks builder fundamentals will moderate over the next two years. His Overweight-rated builders include Lennar (LEN), LGI Homes (LGIH) and William Lyon Homes (WLH). His Overweight-rated names in building products include Masonite (DOOR), Fortune Brands (FBHS) and Stanley Black & Decker (SWK).

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$3.88

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TBIO

Translate Bio

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