LCI Industries (LCII) Set to Announce Quarterly Earnings on Tuesday

LCI Industries (NYSE:LCII) is set to release its earnings data before the market opens on Tuesday, August 6th. Analysts expect LCI Industries to post earnings of $2.29 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

LCI Industries (NYSE:LCII) last posted its earnings results on Wednesday, May 8th. The company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.90. LCI Industries had a return on equity of 6.85% and a net margin of 2.47%. The firm had revenue of $968.00 million during the quarter, compared to analyst estimates of $963.02 million. During the same period in the previous year, the company earned $0.29 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. On average, analysts expect LCI Industries to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

LCI Industries Stock Performance

LCII stock traded down $0.61 during midday trading on Tuesday, hitting $115.83. 32,963 shares of the company traded hands, compared to its average volume of 234,688. LCI Industries has a twelve month low of $96.18 and a twelve month high of $137.07. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 31.66 and a beta of 1.42. The company has a quick ratio of 1.06, a current ratio of 2.86 and a debt-to-equity ratio of 0.63. The business has a 50 day simple moving average of $105.71 and a 200-day simple moving average of $111.53.

LCI Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a $1.05 dividend. The ex-dividend date was Friday, May 31st. This represents a $4.20 dividend on an annualized basis and a yield of 3.63%. LCI Industries’s payout ratio is presently 114.13%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Benchmark started coverage on shares of LCI Industries in a report on Thursday, July 18th. They set a “buy” rating and a $130.00 price target for the company. Roth Mkm raised their target price on LCI Industries from $100.00 to $103.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, LCI Industries has an average rating of “Hold” and an average target price of $109.00.

LCI Industries Company Profile

LCI Industries, together with its subsidiaries, manufactures and supplies engineered components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates through two segments: Original Equipment Manufacturers (OEM) and Aftermarket.