La-Z-Boy (LZB) Scheduled to Announce Quarterly Earnings on Tuesday

La-Z-Boy (NYSE:LZB) will announce 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 interested in listening to the company’s conference call can do so using this link.

La-Z-Boy (NYSE:LZB) last released its quarterly earnings results on Tuesday, August 20th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. La-Z-Boy had a return on equity of 12.90% and a net margin of 5.89%. The company had revenue of $495.50 million for the quarter, compared to analyst estimates of $482.23 million. During the same quarter last year, the firm posted $0.62 earnings per share. La-Z-Boy’s revenue 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

Shares of LZB opened at $42.79 on Monday. The stock has a 50 day simple moving average of $40.97 and a 200 day simple moving average of $39.44. La-Z-Boy has a 52-week low of $30.68 and a 52-week high of $45.23. The firm has a market capitalization of $1.79 billion, a PE ratio of 15.23 and a beta of 1.29.

La-Z-Boy Announces Dividend

The business 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. This represents a $0.80 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Thursday, September 5th. La-Z-Boy’s dividend payout ratio (DPR) is presently 28.47%.

Analyst Upgrades and Downgrades

Separately, Sidoti cut shares of La-Z-Boy from a “buy” rating to a “neutral” rating and set a $43.00 price objective on the stock. in a research report on Wednesday, August 21st.

Insider Activity at La-Z-Boy

In related news, Director Janet Kerr sold 3,890 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $40.89, for a total transaction of $159,062.10. Following the sale, the director now owns 3,372 shares in the company, valued at approximately $137,881.08. This represents a 53.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Jennifer Lynn Mccurry sold 4,414 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 13,236 shares of the company’s stock, valued at $546,779.16. This trade represents a 25.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

About La-Z-Boy

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.