Brokerages expect that La-Z-Boy Incorporated (NYSE:LZB) will report earnings of $0.45 per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for La-Z-Boy’s earnings, with estimates ranging from $0.44 to $0.46. La-Z-Boy posted earnings of $0.47 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 4.3%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, February 20th.
On average, analysts expect that La-Z-Boy will report full year earnings of $1.78 per share for the current year, with EPS estimates ranging from $1.68 to $1.87. For the next year, analysts anticipate that the company will post earnings of $2.18 per share, with EPS estimates ranging from $2.11 to $2.25. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow La-Z-Boy.
La-Z-Boy (NYSE:LZB) last posted its earnings results on Wednesday, November 29th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. The business had revenue of $393.20 million for the quarter, compared to analyst estimates of $390.03 million. La-Z-Boy had a return on equity of 14.33% and a net margin of 5.53%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 EPS.
La-Z-Boy (NYSE LZB) traded up $0.55 during mid-day trading on Tuesday, hitting $32.10. The company had a trading volume of 227,867 shares, compared to its average volume of 245,667. The firm has a market cap of $1,470.00, a price-to-earnings ratio of 18.45 and a beta of 1.03. La-Z-Boy has a 1-year low of $23.15 and a 1-year high of $34.25.
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Monday, December 11th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, December 8th. This is an increase from La-Z-Boy’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 1.50%. La-Z-Boy’s payout ratio is 27.59%.
In related news, insider John Douglas Collier sold 4,000 shares of the business’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $31.71, for a total value of $126,840.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Otis S. Sawyer sold 12,000 shares of the business’s stock in a transaction on Saturday, December 29th. The shares were sold at an average price of $31.51, for a total value of $378,120.00. Following the completion of the sale, the senior vice president now owns 60,238 shares of the company’s stock, valued at $1,898,099.38. The disclosure for this sale can be found here. Insiders own 3.17% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Toronto Dominion Bank bought a new stake in La-Z-Boy in the 3rd quarter valued at $135,000. Ameritas Investment Partners Inc. boosted its stake in La-Z-Boy by 7.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,240 shares of the company’s stock valued at $138,000 after purchasing an additional 290 shares during the period. Victory Capital Management Inc. boosted its stake in La-Z-Boy by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,999 shares of the company’s stock valued at $162,000 after purchasing an additional 747 shares during the period. Amalgamated Bank bought a new stake in La-Z-Boy in the 2nd quarter valued at $217,000. Finally, Crossmark Global Holdings Inc. bought a new stake in La-Z-Boy in the 3rd quarter valued at $254,000. Institutional investors and hedge funds own 86.37% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “La-Z-Boy Incorporated (LZB) Expected to Post Earnings of $0.45 Per Share” was first posted by Community Financial News and is owned by of Community Financial News. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this story can be read at https://www.com-unik.info/2018/01/12/la-z-boy-incorporated-lzb-expected-to-post-earnings-of-0-45-per-share.html.
La-Z-Boy Company Profile
La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes and retails upholstery furniture products. The Company also imports, distributes and retails accessories and casegoods (wood) furniture products. The Company’s segments include the Upholstery segment, the Casegoods segment and the Retail segment.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for La-Z-Boy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for La-Z-Boy and related companies with MarketBeat.com's FREE daily email newsletter.