FY2024 EPS Forecast for Leon’s Furniture Lowered by Analyst

Leon’s Furniture Limited (TSE:LNF) – Investment analysts at Stifel Canada reduced their FY2024 earnings per share (EPS) estimates for shares of Leon’s Furniture in a report released on Thursday, November 7th. Stifel Canada analyst M. Landry now forecasts that the company will post earnings of $1.95 per share for the year, down from their prior forecast of $1.97. Stifel Canada has a “Hold” rating on the stock. The consensus estimate for Leon’s Furniture’s current full-year earnings is $2.21 per share. Stifel Canada also issued estimates for Leon’s Furniture’s Q4 2024 earnings at $0.73 EPS, FY2025 earnings at $2.06 EPS and FY2026 earnings at $2.19 EPS.

Several other equities research analysts have also commented on LNF. Stifel Nicolaus set a C$30.00 price target on shares of Leon’s Furniture and gave the company a “hold” rating in a report on Wednesday, October 23rd. Acumen Capital set a C$34.00 price objective on shares of Leon’s Furniture and gave the stock a “buy” rating in a research note on Wednesday, August 21st.

Leon’s Furniture Stock Performance

LNF stock opened at C$27.15 on Monday. Leon’s Furniture has a 1-year low of C$17.33 and a 1-year high of C$30.64. The business has a 50-day moving average price of C$28.79 and a 200 day moving average price of C$25.69. The company has a market capitalization of C$1.85 billion, a P/E ratio of 12.69 and a beta of 0.82. The company has a debt-to-equity ratio of 41.88, a current ratio of 1.42 and a quick ratio of 0.53.

Leon’s Furniture Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 9th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Monday, December 9th. Leon’s Furniture’s payout ratio is 37.38%.

Insider Activity

In related news, Senior Officer John Andrew Cooney sold 3,800 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of C$30.00, for a total transaction of C$114,000.00. Company insiders own 69.49% of the company’s stock.

Leon’s Furniture Company Profile

Leon's Furniture Limited, together with its subsidiaries, operates as a retailer of home furnishings, mattresses, appliances, and electronics in Canada. It operates in two segments, Leon's and The Brick. The company provides repair services for household furniture, electronics, and appliances; home office products; warranties; and credit insurance products, including life, dismemberment, disability, critical illness, and involuntary unemployment.