LCI Industries (NYSE:LCII - Get Free Report) released its earnings results on Thursday. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.31 by $0.08, Briefing.com reports. LCI Industries had a return on equity of 8.85% and a net margin of 3.17%. The business had revenue of $915.50 million for the quarter, compared to the consensus estimate of $922.85 million. During the same period in the previous year, the company posted $1.02 earnings per share. The company's revenue for the quarter was down 4.6% compared to the same quarter last year.
LCI Industries Stock Performance
LCII stock traded up $0.90 on Friday, hitting $116.04. The company had a trading volume of 232,167 shares, compared to its average volume of 205,194. The company has a current ratio of 2.82, a quick ratio of 1.23 and a debt-to-equity ratio of 0.59. LCI Industries has a 12-month low of $96.18 and a 12-month high of $131.36. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 24.33 and a beta of 1.41. The stock's 50-day simple moving average is $116.94 and its 200 day simple moving average is $111.53.
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 issued a dividend of $1.05 per share. The ex-dividend date was Friday, August 30th. This represents a $4.20 annualized dividend and a dividend yield of 3.62%. LCI Industries's payout ratio is 88.05%.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on LCII. StockNews.com cut shares of LCI Industries from a "buy" rating to a "hold" rating in a research note on Tuesday, October 8th. Truist Financial lifted their target price on shares of LCI Industries from $100.00 to $108.00 and gave the stock a "hold" rating in a report on Friday, September 20th. Benchmark reiterated a "buy" rating and set a $130.00 price target on shares of LCI Industries in a report on Wednesday, August 7th. Finally, Raymond James initiated coverage on shares of LCI Industries in a research report on Tuesday, October 1st. They set a "market perform" rating for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $112.20.
Read Our Latest Stock Report on LCII
About LCI Industries
(
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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.
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