LCI Industries (LCII) Scheduled to Post Earnings on Thursday

LCI Industries (NYSE:LCII) will be issuing its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $1.31 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

LCI Industries (NYSE:LCII) last posted its earnings results on Tuesday, August 6th. The company reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.24. LCI Industries had a return on equity of 8.85% and a net margin of 3.17%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the firm earned $1.31 earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. 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

Shares of LCI Industries stock opened at $111.62 on Tuesday. The firm has a market cap of $2.84 billion, a PE ratio of 23.40 and a beta of 1.41. The company has a quick ratio of 1.23, a current ratio of 2.82 and a debt-to-equity ratio of 0.59. LCI Industries has a 52 week low of $96.18 and a 52 week high of $131.36. The business’s fifty day simple moving average is $117.10 and its 200-day simple moving average is $111.33.

LCI Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 3.76%. The ex-dividend date was Friday, August 30th. LCI Industries’s dividend payout ratio (DPR) is presently 88.05%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LCII. StockNews.com cut shares of LCI Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Raymond James began coverage on LCI Industries in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Benchmark restated a “buy” rating and set a $130.00 target price on shares of LCI Industries in a report on Wednesday, August 7th. Finally, Truist Financial boosted their price target on shares of LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $112.20.

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.