LCI Industries (NYSE:LCII) Updates Q1 2021 Earnings Guidance

LCI Industries (NYSE:LCII) updated its first quarter 2021 earnings guidance on Tuesday. The company provided earnings per share guidance of – for the period. The company issued revenue guidance of $1 billion-$1 billion, compared to the consensus revenue estimate of $880.28 million.

A number of analysts have weighed in on the company. Sidoti upgraded LCI Industries from a neutral rating to a buy rating in a report on Tuesday. Zacks Investment Research upgraded LCI Industries from a hold rating to a buy rating and set a $160.00 target price for the company in a research note on Tuesday, April 20th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. LCI Industries presently has a consensus rating of Buy and a consensus price target of $129.80.

LCII stock traded up $1.57 during mid-day trading on Tuesday, reaching $150.16. 172,551 shares of the company traded hands, compared to its average volume of 138,901. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of 27.14 and a beta of 1.61. The company has a quick ratio of 1.06, a current ratio of 1.99 and a debt-to-equity ratio of 0.70. LCI Industries has a fifty-two week low of $72.26 and a fifty-two week high of $156.61. The firm’s 50 day moving average price is $139.92 and its 200 day moving average price is $134.04.

LCI Industries (NYSE:LCII) last released its quarterly earnings results on Tuesday, May 4th. The company reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.78. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $880.29 million. LCI Industries had a return on equity of 17.46% and a net margin of 5.38%. The company’s quarterly revenue was up 51.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.31 EPS. On average, analysts anticipate that LCI Industries will post 6.35 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 26th. Shareholders of record on Friday, March 12th were paid a dividend of $0.75 per share. The ex-dividend date was Thursday, March 11th. This represents a $3.00 dividend on an annualized basis and a yield of 2.00%. LCI Industries’s dividend payout ratio (DPR) is currently 51.37%.

In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of LCI Industries stock in a transaction that occurred on Tuesday, April 27th. The shares were sold at an average price of $155.00, for a total transaction of $1,550,000.00. Following the transaction, the chief executive officer now owns 242,230 shares of the company’s stock, valued at approximately $37,545,650. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Nick C. Fletcher sold 1,190 shares of LCI Industries stock in a transaction that occurred on Tuesday, March 9th. The stock was sold at an average price of $136.50, for a total transaction of $162,435.00. Insiders have sold a total of 17,063 shares of company stock valued at $2,545,768 in the last quarter. Company insiders own 2.90% of the company’s stock.

About LCI Industries

LCI Industries, together with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures and distributes a range of engineered components, such as steel chassis and related components; axles and suspension solutions; slide-out mechanisms and solutions; thermoformed bath, kitchen, and other products; vinyl, aluminum, and frameless windows; manual, electric, and hydraulic stabilizer and leveling systems; entry, luggage, patio, and ramp doors; furniture and mattresses; electric and manual entry steps; awnings and awning accessories; towing products; truck accessories; electronic components; and other accessories.

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Earnings History and Estimates for LCI Industries (NYSE:LCII)

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