Brokers Set Expectations for LCI Industries FY2024 Earnings

LCI Industries (NYSE:LCII - Free Report) - Investment analysts at DA Davidson dropped their FY2024 earnings per share estimates for shares of LCI Industries in a research note issued to investors on Monday, November 11th. DA Davidson analyst B. Rolle now forecasts 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.

A number of other analysts have also recently weighed in on LCII. Raymond James initiated coverage on shares of LCI Industries in a report on Tuesday, October 1st. They issued a "market perform" rating on the stock. Truist Financial raised their target price on LCI Industries from $100.00 to $108.00 and gave the company a "hold" rating in a research report on Friday, September 20th. Benchmark reissued a "buy" rating and set a $130.00 price target on shares of LCI Industries in a report on Wednesday, August 7th. Finally, StockNews.com lowered shares of LCI Industries from a "buy" rating to a "hold" rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $112.20.

LCI Industries Stock Performance

LCII stock traded down $2.45 during midday trading on Tuesday, reaching $114.03. The company had a trading volume of 46,347 shares, compared to its average volume of 227,024. The company has a quick ratio of 1.23, a current ratio of 2.88 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $2.90 billion, a PE ratio of 22.68 and a beta of 1.41. LCI Industries has a fifty-two week low of $96.18 and a fifty-two week high of $131.36. The stock has a 50 day moving average price of $116.94 and a 200 day moving average price of $111.55.

LCI Industries (NYSE:LCII - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $1.39 earnings per share (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 firm had revenue of $915.50 million for the quarter, compared to analyst estimates of $922.85 million. During the same period last year, the company earned $1.02 EPS. The firm's quarterly revenue was down 4.6% on a year-over-year basis.

LCI Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend was Friday, August 30th. LCI Industries's dividend payout ratio (DPR) is currently 81.71%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of LCII. Raymond James Trust N.A. grew its stake in LCI Industries by 10.4% in the 3rd quarter. Raymond James Trust N.A. now owns 3,812 shares of the company's stock valued at $459,000 after buying an additional 358 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in LCI Industries by 7.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 411,278 shares of the company's stock valued at $49,575,000 after purchasing an additional 29,192 shares during the period. Intech Investment Management LLC increased its position in LCI Industries by 133.7% in the 3rd quarter. Intech Investment Management LLC now owns 9,889 shares of the company's stock worth $1,192,000 after buying an additional 5,657 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of LCI Industries during the third quarter worth approximately $785,000. Finally, Thrivent Financial for Lutherans grew its stake in shares of LCI Industries by 119.5% in the third quarter. Thrivent Financial for Lutherans now owns 46,377 shares of the company's stock worth $5,591,000 after acquiring an additional 25,250 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

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.