LCI Industries (NYSE:LCII) posted its quarterly earnings data on Tuesday. The company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.17, Bloomberg Earnings reports. LCI Industries had a return on equity of 18.72% and a net margin of 5.75%. The firm had revenue of $629.10 million during the quarter, compared to analysts’ expectations of $643.70 million. During the same period in the prior year, the business earned $1.86 EPS. The company’s revenue for the quarter was down 8.1% compared to the same quarter last year.
LCII traded down $1.01 during trading on Friday, hitting $91.57. 1,895 shares of the company’s stock traded hands, compared to its average volume of 179,239. The business’s 50 day moving average is $89.83. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.44 and a quick ratio of 1.06. LCI Industries has a 12-month low of $59.68 and a 12-month high of $100.40. The firm has a market cap of $2.20 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 0.96 and a beta of 1.36.
Several brokerages recently weighed in on LCII. Zacks Investment Research cut LCI Industries from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th. Northcoast Research initiated coverage on LCI Industries in a research report on Friday, June 14th. They set a “neutral” rating for the company. Finally, CL King lowered LCI Industries from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 8th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. LCI Industries currently has a consensus rating of “Hold” and a consensus price target of $98.75.
About LCI Industries
LCI Industries, together with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures or distributes various components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; travel trailers, fifth-wheel travel trailers, folding camping trailers, and truck campers; trucks; pontoon boats; trains; manufactured homes; and modular housing.
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