LCI Industries (NYSE:LCII) Posts Earnings Results

LCI Industries (NYSE:LCII) announced its earnings results on Thursday. The company reported $1.39 earnings per share (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 firm had revenue of $915.50 million during the quarter, compared to analyst estimates of $922.85 million. During the same quarter in the prior year, the company earned $1.02 EPS. The business’s revenue was down 4.6% compared to the same quarter last year.

LCI Industries Stock Performance

Shares of LCII stock opened at $116.04 on Friday. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 24.33 and a beta of 1.41. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.23 and a current ratio of 2.82. LCI Industries has a one year low of $96.18 and a one year high of $131.36. The company’s 50-day moving average is $116.94 and its 200 day moving average is $111.53.

LCI Industries Dividend Announcement

The company 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. This represents a $4.20 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend was Friday, August 30th. LCI Industries’s payout ratio is 88.05%.

Wall Street Analysts Forecast Growth

LCII has been the topic of several recent research reports. StockNews.com cut LCI Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Benchmark reaffirmed 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 started coverage on shares of LCI Industries in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. Finally, Truist Financial upped their price objective 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $112.20.

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.