LCI Industries (NYSE:LCII) to Post Q2 2024 Earnings of $2.08 Per Share, Roth Capital Forecasts

LCI Industries (NYSE:LCIIFree Report) – Roth Capital boosted their Q2 2024 earnings per share estimates for shares of LCI Industries in a note issued to investors on Monday, May 13th. Roth Capital analyst S. Stember now anticipates that the company will post earnings of $2.08 per share for the quarter, up from their prior estimate of $1.28. The consensus estimate for LCI Industries’ current full-year earnings is $6.12 per share. Roth Capital also issued estimates for LCI Industries’ Q3 2024 earnings at $1.56 EPS, Q4 2024 earnings at $0.93 EPS, FY2024 earnings at $6.02 EPS and FY2025 earnings at $7.06 EPS.

LCI Industries (NYSE:LCIIGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.90. The business had revenue of $968.00 million for the quarter, compared to analysts’ expectations of $963.02 million. LCI Industries had a return on equity of 6.85% and a net margin of 2.47%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 EPS.

A number of other research analysts have also commented on the stock. BMO Capital Markets lowered shares of LCI Industries from a “market perform” rating to an “underperform” rating and reduced their price target for the company from $105.00 to $100.00 in a research report on Monday, January 22nd. Robert W. Baird cut their target price on shares of LCI Industries from $130.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, February 14th. Roth Mkm lifted their price target on LCI Industries from $100.00 to $103.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Truist Financial reiterated a “hold” rating and issued a $110.00 price objective (down from $140.00) on shares of LCI Industries in a report on Friday, January 19th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, LCI Industries currently has a consensus rating of “Hold” and an average price target of $104.80.

Read Our Latest Stock Analysis on LCI Industries

LCI Industries Price Performance

Shares of NYSE:LCII opened at $114.48 on Wednesday. LCI Industries has a 12 month low of $102.39 and a 12 month high of $137.07. The company has a current ratio of 2.86, a quick ratio of 1.06 and a debt-to-equity ratio of 0.63. The stock has a market cap of $2.91 billion, a P/E ratio of 31.11 and a beta of 1.41. The company has a 50 day moving average of $112.13 and a 200 day moving average of $115.75.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of LCII. Pacer Advisors Inc. increased its stake in LCI Industries by 70.9% in the 4th quarter. Pacer Advisors Inc. now owns 824,702 shares of the company’s stock worth $103,673,000 after purchasing an additional 342,165 shares during the period. FMR LLC increased its stake in shares of LCI Industries by 35.1% in the third quarter. FMR LLC now owns 1,231,852 shares of the company’s stock worth $144,644,000 after buying an additional 320,243 shares during the period. Norges Bank bought a new stake in LCI Industries during the 4th quarter valued at $33,784,000. American Century Companies Inc. boosted its position in LCI Industries by 20.3% during the 3rd quarter. American Century Companies Inc. now owns 298,654 shares of the company’s stock valued at $35,068,000 after buying an additional 50,470 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in LCI Industries during the 4th quarter valued at $2,924,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

LCI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a dividend of $1.05 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.67%. LCI Industries’s dividend payout ratio (DPR) is currently 114.13%.

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.

See Also

Earnings History and Estimates for LCI Industries (NYSE:LCII)

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