LCI Industries (NYSE:LCII) Posts Quarterly Earnings Results, Beats Expectations By $0.90 EPS

LCI Industries (NYSE:LCII) announced its quarterly earnings results on Wednesday. The company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.90, Briefing.com reports. LCI Industries had a return on equity of 4.70% and a net margin of 1.70%. The business had revenue of $968.00 million for the quarter, compared to the consensus estimate of $963.02 million. During the same quarter last year, the business posted $0.29 EPS. The business’s revenue was down .5% on a year-over-year basis.

LCI Industries Stock Up 1.3 %

Shares of NYSE:LCII traded up $1.42 on Thursday, reaching $112.62. The company had a trading volume of 91,051 shares, compared to its average volume of 227,680. LCI Industries has a twelve month low of $102.39 and a twelve month high of $137.07. The stock has a 50-day moving average price of $113.02 and a 200 day moving average price of $115.48. The stock has a market capitalization of $2.87 billion, a P/E ratio of 43.95 and a beta of 1.41. The company has a quick ratio of 0.88, a current ratio of 2.83 and a debt-to-equity ratio of 0.62.

LCI Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a $1.05 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.73%. LCI Industries’s dividend payout ratio is currently 166.01%.

Wall Street Analyst Weigh In

LCII has been the topic of several analyst reports. Roth Mkm lowered their target price on LCI Industries from $113.00 to $100.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 6th. Truist Financial restated a “hold” rating and issued a $110.00 target price (down from $140.00) on shares of LCI Industries in a report on Friday, January 19th. Robert W. Baird decreased their target price on LCI Industries from $130.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, February 14th. Finally, BMO Capital Markets cut LCI Industries from a “market perform” rating to an “underperform” rating and reduced their price objective for the company from $105.00 to $100.00 in a research report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $104.20.

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.