LCI Industries (NYSE:LCII) Posts Earnings Results, Beats Estimates By $0.08 EPS

LCI Industries (NYSE:LCII) posted its quarterly 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 net margin of 3.17% and a return on equity of 8.85%. The firm had revenue of $915.50 million during the quarter, compared to analysts’ expectations of $922.85 million. During the same period in the prior year, the company posted $1.02 earnings per share. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis.

LCI Industries Stock Up 0.8 %

NYSE:LCII traded up $0.90 on Friday, reaching $116.04. The stock had a trading volume of 232,157 shares, compared to its average volume of 227,367. The stock has a market cap of $2.95 billion, a P/E ratio of 24.23 and a beta of 1.41. LCI Industries has a 12-month low of $96.18 and a 12-month high of $131.36. The company has a current ratio of 2.82, a quick ratio of 1.23 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average of $116.98 and a 200 day moving average of $111.47.

LCI Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.62%. LCI Industries’s payout ratio is currently 88.05%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Truist Financial lifted their price target on LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Raymond James began coverage on shares of LCI Industries in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. Benchmark reiterated a “buy” rating and set a $130.00 target price on shares of LCI Industries in a research report on Wednesday, August 7th. Finally, StockNews.com downgraded LCI Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. One investment 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.