FY2024 EPS Estimates for LCI Industries Lowered by Analyst

LCI Industries (NYSE:LCII) – Analysts at DA Davidson lowered their FY2024 earnings estimates for LCI Industries in a note issued to investors 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 prior 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.

A number of other equities research analysts have also recently weighed in on the company. StockNews.com cut LCI Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Benchmark restated a “buy” rating and issued a $130.00 price target on shares of LCI Industries in a report on Wednesday, August 7th. Truist Financial boosted their price objective on shares of LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. Finally, Raymond James assumed coverage on shares of LCI Industries in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $112.20.

LCI Industries Stock Down 2.3 %

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

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, beating analysts’ consensus estimates of $1.31 by $0.08. The firm had revenue of $915.50 million for the quarter, compared to the consensus estimate of $922.85 million. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. The company’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period last year, the firm earned $1.02 earnings per share.

Institutional Trading of LCI Industries

A number of institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC raised its holdings in shares of LCI Industries by 8.3% in the first quarter. Janney Montgomery Scott LLC now owns 15,367 shares of the company’s stock worth $1,891,000 after buying an additional 1,176 shares during the last quarter. Texas Permanent School Fund Corp raised its stake in LCI Industries by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 22,164 shares of the company’s stock worth $2,728,000 after acquiring an additional 287 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in LCI Industries by 5.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,508 shares of the company’s stock valued at $309,000 after purchasing an additional 136 shares during the last quarter. Quantbot Technologies LP grew its stake in LCI Industries by 210.8% during the 1st quarter. Quantbot Technologies LP now owns 2,567 shares of the company’s stock valued at $316,000 after purchasing an additional 1,741 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of LCI Industries in the first quarter valued at about $184,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries Dividend Announcement

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

LCI Industries Company Profile

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.