LCI Industries (NYSE:LCII) to Post Q3 2024 Earnings of $1.41 Per Share, DA Davidson Forecasts

LCI Industries (NYSE:LCII) – Analysts at DA Davidson issued their Q3 2024 earnings per share (EPS) estimates for shares of LCI Industries in a research report issued to clients and investors on Thursday, August 8th. DA Davidson analyst B. Rolle expects that the company will post earnings per share of $1.41 for the quarter. The consensus estimate for LCI Industries’ current full-year earnings is $6.29 per share.

LCI Industries (NYSE:LCII) last posted its earnings results on Tuesday, August 6th. The company reported $2.40 EPS for the quarter, beating the consensus estimate of $2.16 by $0.24. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. LCI Industries had a return on equity of 6.85% and a net margin of 2.47%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the company earned $1.31 earnings per share.

Several other equities analysts have also recently issued reports on the stock. Roth Mkm upped their price target on shares of LCI Industries from $100.00 to $103.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Benchmark reissued a “buy” rating and issued a $130.00 price objective on shares of LCI Industries in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, LCI Industries has a consensus rating of “Hold” and an average target price of $109.00.

LCI Industries Stock Down 1.5 %

Shares of NYSE LCII opened at $111.63 on Friday. The company has a 50 day simple moving average of $106.33 and a 200 day simple moving average of $111.20. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.86 and a quick ratio of 1.06. LCI Industries has a 1 year low of $96.18 and a 1 year high of $131.36. The firm has a market cap of $2.84 billion, a PE ratio of 30.33 and a beta of 1.42.

LCI Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a $1.05 dividend. The ex-dividend date was Friday, May 31st. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.76%. LCI Industries’s dividend payout ratio (DPR) is currently 114.13%.

Hedge Funds Weigh In On LCI Industries

Hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC acquired a new stake in LCI Industries during the second quarter worth approximately $1,530,000. Dimensional Fund Advisors LP grew its position in shares of LCI Industries by 5.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,111,900 shares of the company’s stock worth $114,945,000 after buying an additional 62,354 shares during the period. Envestnet Asset Management Inc. grew its position in shares of LCI Industries by 10.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 108,960 shares of the company’s stock worth $11,264,000 after buying an additional 10,601 shares during the period. Cornercap Investment Counsel Inc. bought a new stake in shares of LCI Industries in the 2nd quarter valued at $529,000. Finally, American Century Companies Inc. lifted its position in shares of LCI Industries by 30.5% during the 2nd quarter. American Century Companies Inc. now owns 418,588 shares of the company’s stock valued at $43,274,000 after acquiring an additional 97,877 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

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.