La-Z-Boy (NYSE:LZB) Releases Earnings Results

La-Z-Boy (NYSE:LZB) posted its quarterly earnings results on Tuesday. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02, Briefing.com reports. La-Z-Boy had a net margin of 5.99% and a return on equity of 13.10%. The company had revenue of $495.50 million for the quarter, compared to the consensus estimate of $482.23 million. During the same period last year, the firm posted $0.62 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. La-Z-Boy updated its Q2 2025 guidance to EPS.

La-Z-Boy Stock Down 3.1 %

NYSE LZB traded down $1.27 during trading hours on Thursday, hitting $39.14. The company had a trading volume of 151,459 shares, compared to its average volume of 433,362. La-Z-Boy has a fifty-two week low of $27.92 and a fifty-two week high of $45.23. The firm has a market cap of $1.64 billion, a P/E ratio of 14.29 and a beta of 1.29. The business has a fifty day simple moving average of $40.00 and a 200-day simple moving average of $37.30.

La-Z-Boy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, September 5th will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, September 5th. This represents a $0.80 dividend on an annualized basis and a yield of 2.04%. La-Z-Boy’s payout ratio is currently 28.27%.

Analyst Ratings Changes

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

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.