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

LCI Industries (NYSE:LCII) is projected to announce its earnings results before the market opens on Tuesday, February 11th. Analysts expect the company to announce earnings of $0.31 per share and revenue of $799.81 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

LCI Industries (NYSE:LCII) last released its earnings results on Thursday, November 7th. The company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.08. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. The company had revenue of $915.50 million for the quarter, compared to the consensus estimate of $922.85 million. During the same quarter last year, the business posted $1.02 EPS. LCI Industries’s quarterly revenue was down 4.6% 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 Trading Down 3.1 %

NYSE:LCII opened at $101.51 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 2.88 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average is $109.23 and its two-hundred day moving average is $113.39. LCI Industries has a 52 week low of $96.18 and a 52 week high of $129.38. The company has a market cap of $2.58 billion, a PE ratio of 19.75 and a beta of 1.44.

LCI Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $1.15 dividend. This is an increase from LCI Industries’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Friday, November 29th. This represents a $4.60 annualized dividend and a dividend yield of 4.53%. LCI Industries’s dividend payout ratio (DPR) is 89.49%.

Insider Buying and Selling at LCI Industries

In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of LCI Industries stock in a transaction on Monday, November 25th. The stock was sold at an average price of $126.00, for a total transaction of $1,260,000.00. Following the sale, the chief executive officer now owns 373,145 shares of the company’s stock, valued at $47,016,270. The trade was a 2.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LCII. StockNews.com downgraded LCI Industries from a “buy” rating to a “hold” rating in a report on Sunday, January 12th. Truist Financial cut their price target on LCI Industries from $108.00 to $102.00 and set a “hold” rating on the stock in a report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $113.75.

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.