La-Z-Boy (NYSE:LZB - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Tuesday, November 19th. Analysts expect the company to announce earnings of $0.65 per share for the quarter. La-Z-Boy has set its Q2 2025 guidance at EPS.Investors that wish to register for the company's conference call can do so using this link.
La-Z-Boy (NYSE:LZB - Get Free Report) last issued its earnings results on Tuesday, August 20th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.02. La-Z-Boy had a net margin of 5.89% and a return on equity of 12.90%. The business had revenue of $495.50 million for the quarter, compared to analysts' expectations of $482.23 million. During the same quarter in the previous year, the firm posted $0.62 EPS. The business's revenue for the quarter was up 2.9% compared to the same quarter last year. On average, analysts expect La-Z-Boy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
La-Z-Boy Stock Performance
LZB stock traded up $0.18 during midday trading on Tuesday, reaching $42.92. 104,323 shares of the company's stock traded hands, compared to its average volume of 439,070. The company has a 50-day moving average price of $40.78 and a two-hundred day moving average price of $39.16. La-Z-Boy has a 52 week low of $29.55 and a 52 week high of $45.23. The firm has a market capitalization of $1.80 billion, a PE ratio of 15.21 and a beta of 1.29.
La-Z-Boy Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, September 5th were issued a $0.20 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.80 annualized dividend and a dividend yield of 1.86%. La-Z-Boy's payout ratio is currently 28.47%.
Insider Transactions at La-Z-Boy
In related news, Director Janet Kerr sold 3,890 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $40.89, for a total value of $159,062.10. Following the transaction, the director now owns 3,372 shares of the company's stock, valued at $137,881.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Janet Kerr sold 3,890 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $40.89, for a total value of $159,062.10. Following the transaction, the director now owns 3,372 shares of the company's stock, valued at $137,881.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jennifer Lynn Mccurry sold 4,414 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $41.31, for a total value of $182,342.34. Following the completion of the transaction, the chief accounting officer now directly owns 13,236 shares in the company, valued at approximately $546,779.16. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.70% of the company's stock.
Analyst Ratings Changes
Separately, Sidoti cut shares of La-Z-Boy from a "buy" rating to a "neutral" rating and set a $43.00 price target on the stock. in a report on Wednesday, August 21st.
Get Our Latest Stock Report on LZB
About La-Z-Boy
(
Get Free Report)
La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes, and retails upholstery furniture products, accessories, and casegoods furniture products in the United States, Canada, and internationally. It operates through Wholesale, Retail, Corporate and Other segments. The Wholesale segment manufactures, and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas; and imports, distributes, and retails casegoods (wood) furniture, including occasional pieces, bedroom sets, dining room sets, entertainment centers, and occasional pieces.
Recommended Stories
Before you consider La-Z-Boy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and La-Z-Boy wasn't on the list.
While La-Z-Boy currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
