FY2024 EPS Estimates for LCI Industries Decreased by Analyst

LCI Industries (NYSE:LCII) – DA Davidson dropped their FY2024 EPS estimates for shares of LCI Industries in a report released on Monday, November 11th. DA Davidson analyst B. Rolle now forecasts that the company will earn $5.50 per share for the year, down from their previous forecast of $6.00. The consensus estimate for LCI Industries’ current full-year earnings is $5.75 per share. DA Davidson also issued estimates for LCI Industries’ Q4 2024 earnings at $0.27 EPS.

LCII has been the subject of several other research reports. Truist Financial lifted their price target on LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. StockNews.com cut LCI Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Raymond James initiated coverage on LCI Industries in a report on Tuesday, October 1st. They set a “market perform” rating on the stock. Finally, Benchmark reaffirmed a “buy” rating and set a $130.00 price objective on shares of LCI Industries in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $112.20.

LCI Industries Price Performance

LCII stock opened at $113.85 on Tuesday. The company has a fifty day simple moving average of $116.91 and a two-hundred day simple moving average of $111.67. LCI Industries has a 52 week low of $96.18 and a 52 week high of $131.36. The company has a quick ratio of 1.23, a current ratio of 2.88 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $2.90 billion, a P/E ratio of 22.15 and a beta of 1.41.

LCI Industries (NYSE:LCII) last released its quarterly earnings data on Thursday, November 7th. The company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.08. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. The business had revenue of $915.50 million for the quarter, compared to the consensus estimate of $922.85 million. During the same quarter in the previous year, the company posted $1.02 EPS. The company’s revenue was down 4.6% compared to the same quarter last year.

LCI Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend was Friday, August 30th. LCI Industries’s payout ratio is currently 81.71%.

Institutional Trading of LCI Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. boosted its stake in shares of LCI Industries by 1,289.3% during the third quarter. Blue Trust Inc. now owns 389 shares of the company’s stock valued at $47,000 after purchasing an additional 361 shares during the period. LRI Investments LLC purchased a new stake in LCI Industries in the 1st quarter valued at about $46,000. GAMMA Investing LLC grew its stake in LCI Industries by 98.2% in the 3rd quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock worth $66,000 after acquiring an additional 272 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of LCI Industries by 99.2% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the company’s stock worth $77,000 after acquiring an additional 370 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of LCI Industries during the second quarter worth approximately $93,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

About LCI Industries

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.