LCI Industries (LCII) Scheduled to Post Quarterly Earnings on Thursday

LCI Industries (NASDAQ:LCII) will announce its earnings results before the market opens on Thursday, November 2nd. Analysts expect the company to announce earnings of $1.39 per share for the quarter.

LCI Industries (NASDAQ:LCII) last announced its earnings results on Friday, August 4th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.03. LCI Industries had a net margin of 7.33% and a return on equity of 26.74%. The business had revenue of $547.00 million for the quarter, compared to analyst estimates of $507.56 million. The company’s revenue for the quarter was up 24.0% compared to the same quarter last year. On average, analysts expect LCI Industries to post $5.78 EPS for the current fiscal year and $6.61 EPS for the next fiscal year.

Shares of LCI Industries (NASDAQ LCII) traded up 1.52% during trading on Tuesday, reaching $123.20. 94,335 shares of the company were exchanged. The stock has a market capitalization of $3.07 billion and a price-to-earnings ratio of 22.25. The company has a 50 day moving average price of $115.21 and a 200-day moving average price of $102.50. LCI Industries has a one year low of $80.65 and a one year high of $129.20.

In related news, insider Jamie Schnur sold 1,100 shares of the firm’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $115.46, for a total value of $127,006.00. Following the transaction, the insider now owns 6,347 shares in the company, valued at $732,824.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Scott T. Mereness purchased 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was bought at an average price of $94.50 per share, for a total transaction of $283,500.00. Following the transaction, the president now directly owns 204,824 shares of the company’s stock, valued at approximately $19,355,868. The disclosure for this purchase can be found here. Insiders sold 25,210 shares of company stock worth $2,886,934 in the last 90 days.

Several research firms have weighed in on LCII. BidaskClub cut LCI Industries from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 12th. Zacks Investment Research upgraded LCI Industries from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research report on Wednesday, July 5th. Finally, Robert W. Baird restated a “buy” rating and issued a $115.00 price target on shares of LCI Industries in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. LCI Industries presently has an average rating of “Buy” and an average target price of $112.33.

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LCI Industries Company Profile

LCI Industries, formerly Drew Industries Incorporated, through its subsidiary, Lippert Components, Inc and its subsidiaries (LCI), supplies an array of components for the original equipment manufacturers (OEMs) of recreational vehicles (RVs) and adjacent industries. The Company’s segments include OEM Segment and Aftermarket Segment.

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