Revenue Update on LGI Homes Inc(NASDAQ:LGIH)

LGI Homes Inc(NASDAQ:LGIH) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $222.72M. Analysts estimated a revenue of $225.92M. Earnings per share were $0.96. Analysts had estimated an EPS of $0.89.

LGI Homes Inc (LGIH) made into the market gainers list on Wednesdays trading session with the shares advancing 0.26% or 0.09 points. Due to strong positive momentum, the stock ended at $34.08, which is also near the day’s high of $34.16. The stock began the session at $34.05 and the volume stood at 2,71,727 shares. The 52-week high of the shares is $36.44 and the 52 week low is $18.74. The company has a current market capitalization of $716 M and it has 2,10,23,248 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 24, 2016, Eric Thomas Lipar (director officer 10% owner ) sold 10,000 shares at $29.96 per share price.Also, On Mar 17, 2016, Rachel Lyons Eaton (Chief Marketing Officer) sold 64 shares at $21.82 per share price.On Mar 17, 2016, Michael Larry Snider (President and COO) sold 628 shares at $21.82 per share price, according to the Form-4 filing with the securities and exchange commission.

LGI Homes Inc. is a homebuilder. The Company is engaged in the design construction marketing and sale of new homes in markets in Texas Arizona Florida Georgia New Mexico South Carolina North Carolina and Colorado. The Company’s product offerings include entry-level homes sold under its LGI Homes brand and its move-up homes which are sold under Terrata Homes brand. Terrata Homes brand delivers move-in ready homes. It manages its homebuilding operations under four segments: Texas division Southwest division Southeast division and Florida division. Its Texas division includes Houston Dallas/Ft. Worth San Antonio and Austin operations; Southwest division includes Phoenix Tucson Albuquerque and Denver operations; Southeast division includes Atlanta and Charlotte operations and Florida division includes Tampa Orlando and Fort Myers operations. It has constructed and closed approximately 8500 homes. It has a total of around 453 completed homes and 578 homes in progress.

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