LGI Homes, Inc. Reports First Quarter 2019 Results
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LGI Homes (LGIH) PT Raised to $67 at Wedbush
May 7, 2019 2:37 PM EDTWedbush analyst Jay McCanless raised the price target on LGI Homes (NASDAQ: LGIH) to $67.00 (from $65.00) while maintaining a Neutral rating.
... MoreLGI Homes (LGIH) Misses Q1 EPS by 6c, Slight Miss on Revenues; Offers FY19 EPS Guidance Above Consensus
May 7, 2019 7:11 AM EDTLGI Homes (NASDAQ: LGIH) reported Q1 EPS of $0.81, $0.06 worse than the analyst estimate of $0.87. Revenue for the quarter came in at $287.6 million versus the consensus estimate of $288.06 million.
First Quarter 2019 Results and Comparisons to First Quarter 2018
Net Income of $18.3 million, or $0.81 Basic EPS and $0.73 Diluted EPS
Net Income Before Income Taxes of $21.7 million
Home Sales Revenues increased 3.1% to $287.6 million
Home Closings remained similar at 1,228
Average Home Sales Price increased 4.4% to $234,197
Gross Margin as a Percentage of Homes Sales Revenues was 23.1% as compared to 24.8%
Adjusted Gross Margin (non-GAAP) as a Percentage of... More
