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

LCI Industries (NYSE:LCII) is scheduled to 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. Parties interested in participating in the company’s conference call can do so using this link.

LCI Industries (NYSE:LCII) last released its quarterly earnings data on Tuesday, August 6th. The company reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.24. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.05 billion. LCI Industries had a return on equity of 8.85% and a net margin of 3.17%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.31 earnings per share. 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 Up 3.2 %

Shares of NYSE LCII opened at $115.22 on Wednesday. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 24.16 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 50 day moving average is $117.01 and its two-hundred day moving average is $111.39.

LCI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend was Friday, August 30th. LCI Industries’s dividend payout ratio is currently 88.05%.

Analysts Set New Price Targets

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