La-Z-Boy (LZB) Set to Announce Earnings on Tuesday

La-Z-Boy (NYSE:LZB) will post its quarterly earnings results after the market closes on Tuesday, November 19th. Analysts expect La-Z-Boy to post earnings of $0.65 per share for the quarter. La-Z-Boy has set its Q2 2025 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

La-Z-Boy (NYSE:LZB) last announced its earnings results on Tuesday, August 20th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The business had revenue of $495.50 million for the quarter, compared to analysts’ expectations of $482.23 million. La-Z-Boy had a net margin of 5.89% and a return on equity of 12.90%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 EPS. On average, analysts expect La-Z-Boy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

La-Z-Boy Price Performance

Shares of NYSE:LZB opened at $42.79 on Friday. La-Z-Boy has a 1-year low of $30.68 and a 1-year high of $45.23. The stock has a market cap of $1.79 billion, a P/E ratio of 15.23 and a beta of 1.29. The firm has a fifty day moving average price of $40.97 and a 200 day moving average price of $39.39.

La-Z-Boy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, September 5th were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.80 annualized dividend and a dividend yield of 1.87%. La-Z-Boy’s dividend payout ratio (DPR) is 28.47%.

Insider Activity at La-Z-Boy

In related news, Director Janet Kerr sold 3,890 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $40.89, for a total value of $159,062.10. Following the completion of the sale, the director now owns 3,372 shares in the company, valued at $137,881.08. This trade represents a 53.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Jennifer Lynn Mccurry sold 4,414 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $41.31, for a total value of $182,342.34. Following the transaction, the chief accounting officer now owns 13,236 shares in the company, valued at $546,779.16. The trade was a 25.01 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Sidoti downgraded La-Z-Boy from a “buy” rating to a “neutral” rating and set a $43.00 price objective for the company. in a research note on Wednesday, August 21st.

About La-Z-Boy

La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes, and retails upholstery furniture products, accessories, and casegoods furniture products in the United States, Canada, and internationally. It operates through Wholesale, Retail, Corporate and Other segments. The Wholesale segment manufactures, and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas; and imports, distributes, and retails casegoods (wood) furniture, including occasional pieces, bedroom sets, dining room sets, entertainment centers, and occasional pieces.