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

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

La-Z-Boy (NYSE:LZB) last released its quarterly earnings data on Tuesday, August 20th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. La-Z-Boy had a return on equity of 12.90% and a net margin of 5.89%. The company had revenue of $495.50 million during the quarter, compared to analysts’ expectations of $482.23 million. During the same period last year, the firm posted $0.62 earnings per share. The business’s revenue was up 2.9% on a year-over-year basis. 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 Trading Down 0.7 %

Shares of NYSE LZB opened at $42.79 on Monday. La-Z-Boy has a 12 month low of $30.68 and a 12 month high of $45.23. The stock has a 50 day moving average of $40.97 and a 200-day moving average of $39.44. The company has a market capitalization of $1.79 billion, a P/E ratio of 15.23 and a beta of 1.29.

La-Z-Boy Announces Dividend

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

Analysts Set New Price Targets

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

Insider Activity

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

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.