LCI Industries (NYSE:LCII) – Jefferies Financial Group issued their Q1 2019 earnings per share estimates for shares of LCI Industries in a research report issued to clients and investors on Thursday, March 28th, Zacks Investment Research reports. Jefferies Financial Group analyst B. Jordan forecasts that the company will post earnings per share of $1.36 for the quarter. Jefferies Financial Group currently has a “Buy” rating and a $86.00 target price on the stock. Jefferies Financial Group also issued estimates for LCI Industries’ Q2 2019 earnings at $1.81 EPS, Q3 2019 earnings at $1.56 EPS, Q4 2019 earnings at $1.15 EPS, FY2019 earnings at $5.88 EPS, Q1 2020 earnings at $1.50 EPS, Q2 2020 earnings at $2.01 EPS, Q3 2020 earnings at $1.79 EPS, Q4 2020 earnings at $1.29 EPS and FY2020 earnings at $6.59 EPS.
LCI Industries (NYSE:LCII) last released its earnings results on Thursday, February 7th. The company reported $0.82 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by ($0.15). The business had revenue of $536.62 million during the quarter, compared to analyst estimates of $549.39 million. LCI Industries had a net margin of 6.00% and a return on equity of 21.05%. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 earnings per share.
LCI Industries stock traded up $0.31 during trading on Monday, hitting $90.35. The company’s stock had a trading volume of 188,000 shares, compared to its average volume of 217,525. The firm has a market capitalization of $2.24 billion, a P/E ratio of 15.42, a PEG ratio of 0.92 and a beta of 1.38. LCI Industries has a 1-year low of $59.68 and a 1-year high of $102.22. The company has a current ratio of 2.97, a quick ratio of 1.05 and a debt-to-equity ratio of 0.42.
The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.66%. The ex-dividend date was Thursday, March 7th. LCI Industries’s payout ratio is 40.96%.
In other LCI Industries news, insider Nick C. Fletcher sold 1,688 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $79.57, for a total transaction of $134,314.16. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 4.00% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of LCII. WP Advisors LLC acquired a new stake in shares of LCI Industries in the first quarter worth $125,000. Triad Investment Management raised its holdings in shares of LCI Industries by 0.7% during the first quarter. Triad Investment Management now owns 26,389 shares of the company’s stock worth $2,027,000 after acquiring an additional 179 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of LCI Industries by 8.8% during the fourth quarter. Geode Capital Management LLC now owns 264,619 shares of the company’s stock worth $17,676,000 after acquiring an additional 21,484 shares in the last quarter. Norges Bank purchased a new stake in shares of LCI Industries during the fourth quarter worth $16,116,000. Finally, Nordea Investment Management AB raised its holdings in shares of LCI Industries by 22.5% during the fourth quarter. Nordea Investment Management AB now owns 58,331 shares of the company’s stock worth $3,896,000 after acquiring an additional 10,713 shares in the last quarter. Hedge funds and other institutional investors own 97.27% of the company’s stock.
LCI Industries Company Profile
LCI Industries, along with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures or distributes various components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; travel trailers, fifth-wheel travel trailers, folding camping trailers, and truck campers; trucks; pontoon boats; trains; manufactured homes; and modular housing.
Further Reading: Are sell-side analysts objective?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for LCI Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LCI Industries and related companies with MarketBeat.com's FREE daily email newsletter.