La-Z-Boy Trading Down 1.7 %
LZB stock traded down $0.53 during mid-day trading on Monday, hitting $31.39. 429,020 shares of the company were exchanged, compared to its average volume of 391,179. The business has a 50 day simple moving average of $31.06 and a 200-day simple moving average of $29.23. The stock has a market capitalization of $1.35 billion, a PE ratio of 9.72 and a beta of 1.12. La-Z-Boy has a 1-year low of $21.92 and a 1-year high of $33.92.
La-Z-Boy (NYSE:LZB – Get Free Report) last released its quarterly earnings results on Wednesday, August 23rd. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.07. La-Z-Boy had a net margin of 6.27% and a return on equity of 16.64%. The company had revenue of $481.65 million during the quarter, compared to the consensus estimate of $474.58 million. During the same period in the previous year, the business earned $0.91 earnings per share. The firm’s quarterly revenue was down 20.3% on a year-over-year basis. Equities research analysts expect that La-Z-Boy will post 2.86 earnings per share for the current year.
Institutional Investors Weigh In On 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.
- Five stocks we like better than La-Z-Boy
- How to Invest in Communication Stocks
- 2 Recession-Proof Intelligence Stocks to Defend Your Portfolio
- What Do S&P 500 Stocks Tell Investors About the Market?
- 5 Reasons Mullen Automotive is About to Turn a Corner
- How to Capture the Benefits of Dividend Increases
- Qualcomm and Apple Forge Ahead with New Modem Partnership
Receive News & Ratings for La-Z-Boy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for La-Z-Boy and related companies with MarketBeat.com's FREE daily email newsletter.