LCI Industries (NYSE:LCII) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

LCI Industries (NYSE:LCII) issued its quarterly earnings results on Tuesday. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06, Zacks reports. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%.

LCI Industries Stock Performance

Shares of LCII opened at $107.94 on Wednesday. LCI Industries has a 52 week low of $96.18 and a 52 week high of $129.38. The stock has a market cap of $2.75 billion, a P/E ratio of 21.00 and a beta of 1.44. The business’s 50 day moving average price is $106.70 and its 200-day moving average price is $113.02. The company has a quick ratio of 1.25, a current ratio of 2.88 and a debt-to-equity ratio of 0.58.

LCI Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $1.15 dividend. This is a boost from LCI Industries’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date was Friday, November 29th. LCI Industries’s payout ratio is currently 89.49%.

Insider Buying and Selling

In other news, CEO Jason Lippert sold 10,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $126.00, for a total value of $1,260,000.00. Following the completion of the sale, the chief executive officer now directly owns 373,145 shares in the company, valued at $47,016,270. This represents a 2.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 3.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Truist Financial raised their price target on LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a report on Monday. StockNews.com raised LCI Industries from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Finally, CJS Securities raised LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price target for the company in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $121.20.

LCI Industries Company Profile

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.