DA Davidson Analysts Reduce Earnings Estimates for LCI Industries (NYSE:LCII)

LCI Industries (NYSE:LCII) – Analysts at DA Davidson dropped their FY2024 EPS estimates for LCI Industries in a report released on Thursday, August 8th. DA Davidson analyst B. Rolle now forecasts that the company will post earnings of $6.00 per share for the year, down from their previous estimate of $7.00. The consensus estimate for LCI Industries’ current full-year earnings is $6.29 per share. DA Davidson also issued estimates for LCI Industries’ FY2025 earnings at $7.00 EPS.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.24. LCI Industries had a net margin of 2.47% and a return on equity of 6.85%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the firm earned $1.31 EPS. The firm’s quarterly revenue was up 3.9% on a year-over-year basis.

LCII has been the subject of several other research reports. Benchmark reissued a “buy” rating and set a $130.00 price objective on shares of LCI Industries in a research note on Wednesday, August 7th. Roth Mkm raised their target price on shares of LCI Industries from $100.00 to $103.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, LCI Industries presently has a consensus rating of “Hold” and a consensus target price of $109.00.

LCI Industries Price Performance

NYSE LCII opened at $113.74 on Monday. The company has a market cap of $2.89 billion, a PE ratio of 30.91 and a beta of 1.42. The firm’s 50-day simple moving average is $106.31 and its two-hundred day simple moving average is $111.10. LCI Industries has a 52 week low of $96.18 and a 52 week high of $131.36. The company has a quick ratio of 1.06, a current ratio of 2.86 and a debt-to-equity ratio of 0.63.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LCII. UniSuper Management Pty Ltd purchased a new stake in LCI Industries in the first quarter worth about $732,000. Comerica Bank boosted its stake in LCI Industries by 24.1% in the 1st quarter. Comerica Bank now owns 31,784 shares of the company’s stock worth $3,911,000 after purchasing an additional 6,174 shares in the last quarter. Quadrature Capital Ltd grew its position in LCI Industries by 76.7% during the 1st quarter. Quadrature Capital Ltd now owns 12,672 shares of the company’s stock valued at $1,558,000 after purchasing an additional 5,500 shares during the last quarter. Vanguard Group Inc. increased its stake in LCI Industries by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 2,800,882 shares of the company’s stock valued at $344,677,000 after purchasing an additional 15,670 shares in the last quarter. Finally, Norges Bank purchased a new position in LCI Industries in the fourth quarter worth about $33,784,000. 99.71% of the stock is currently owned by institutional investors.

LCI Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend was Friday, May 31st. LCI Industries’s dividend payout ratio (DPR) is presently 114.13%.

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.