FY2024 EPS Estimates for LCI Industries Reduced by Analyst

LCI Industries (NYSE:LCII) – Equities research analysts at DA Davidson lowered their FY2024 earnings per share (EPS) estimates for shares of LCI Industries in a research note issued to investors on Monday, November 11th. DA Davidson analyst B. Rolle now anticipates that the company will post earnings of $5.50 per share for the year, down from their previous forecast of $6.00. The consensus estimate for LCI Industries’ current full-year earnings is $5.75 per share. DA Davidson also issued estimates for LCI Industries’ Q4 2024 earnings at $0.27 EPS.

Other equities research analysts also recently issued reports about the company. Benchmark restated a “buy” rating and issued a $130.00 target price on shares of LCI Industries in a research report on Wednesday, August 7th. Raymond James initiated coverage on LCI Industries in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. StockNews.com cut LCI Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. 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 report on Friday, September 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $112.20.

LCI Industries Stock Up 0.5 %

LCII stock opened at $116.60 on Tuesday. The firm’s 50-day moving average is $116.94 and its two-hundred day moving average is $111.55. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 22.68 and a beta of 1.41. LCI Industries has a 52 week low of $96.18 and a 52 week high of $131.36. The company has a current ratio of 2.88, a quick ratio of 1.23 and a debt-to-equity ratio of 0.58.

LCI Industries (NYSE:LCII) last issued its quarterly earnings data on Thursday, November 7th. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.08. The business had revenue of $915.50 million for the quarter, compared to analysts’ expectations of $922.85 million. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. The company’s revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.02 earnings per share.

Institutional Investors Weigh In On LCI Industries

Hedge funds have recently made changes to their positions in the company. LRI Investments LLC acquired a new position in shares of LCI Industries in the first quarter worth $46,000. Blue Trust Inc. increased its position in LCI Industries by 1,289.3% in the 3rd quarter. Blue Trust Inc. now owns 389 shares of the company’s stock worth $47,000 after purchasing an additional 361 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of LCI Industries by 98.2% during the 3rd quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock worth $66,000 after purchasing an additional 272 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of LCI Industries by 99.2% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the company’s stock valued at $77,000 after buying an additional 370 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of LCI Industries in the 2nd quarter valued at approximately $93,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

LCI Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $1.05 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $4.20 dividend on an annualized basis and a yield of 3.60%. LCI Industries’s dividend payout ratio is currently 81.71%.

About LCI Industries

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.