LCI Industries (NYSE:LCII) released its earnings results on Thursday. The company reported $1.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.09, Bloomberg Earnings reports. LCI Industries had a net margin of 7.07% and a return on equity of 23.60%. The company had revenue of $547.14 million for the quarter, compared to the consensus estimate of $511.36 million. During the same quarter in the previous year, the company earned $1.05 EPS. LCI Industries’s quarterly revenue was up 35.8% compared to the same quarter last year.
LCI Industries (NYSE LCII) traded down $2.43 on Thursday, reaching $108.62. 190,065 shares of the company’s stock traded hands, compared to its average volume of 153,846. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.03 and a current ratio of 2.19. LCI Industries has a 1 year low of $86.25 and a 1 year high of $132.73. The firm has a market capitalization of $2,724.74, a P/E ratio of 19.80 and a beta of 0.99.
A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of LCI Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Robert W. Baird boosted their target price on shares of LCI Industries from $115.00 to $122.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. BidaskClub downgraded shares of LCI Industries from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 12th. Finally, Northcoast Research initiated coverage on shares of LCI Industries in a report on Friday, January 26th. They set a “sell” rating and a $94.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $112.75.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Catalyst Capital Advisors LLC grew its stake in shares of LCI Industries by 7.2% in the 4th quarter. Catalyst Capital Advisors LLC now owns 8,975 shares of the company’s stock worth $1,167,000 after acquiring an additional 600 shares in the last quarter. Krueger & Catalano Capital Partners LLC bought a new stake in shares of LCI Industries in the 4th quarter worth $2,420,000. Hood River Capital Management LLC grew its stake in shares of LCI Industries by 172.0% in the 4th quarter. Hood River Capital Management LLC now owns 176,984 shares of the company’s stock worth $23,008,000 after acquiring an additional 111,921 shares in the last quarter. Swiss National Bank grew its stake in shares of LCI Industries by 3.4% in the 4th quarter. Swiss National Bank now owns 42,400 shares of the company’s stock worth $5,512,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Bedel Financial Consulting Inc. bought a new stake in shares of LCI Industries in the 4th quarter worth $255,000. Hedge funds and other institutional investors own 97.75% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “LCI Industries (LCII) Releases Earnings Results, Beats Estimates By $0.09 EPS” was originally posted by Community Financial News and is the property of of Community Financial News. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this story can be accessed at https://www.com-unik.info/2018/02/08/lci-industries-lcii-releases-earnings-results-beats-estimates-by-0-09-eps.html.
About LCI Industries
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.
Receive News & Ratings for LCI Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LCI Industries and related companies with MarketBeat.com's FREE daily email newsletter.