LCI Industries (NYSE:LCII) Releases Quarterly Earnings Results, Beats Estimates By $0.90 EPS

LCI Industries (NYSE:LCIIGet Free Report) issued its quarterly earnings data on Wednesday. The company reported $1.44 EPS for the quarter, beating the consensus estimate of $0.54 by $0.90, reports. The firm had revenue of $968.00 million during the quarter, compared to the consensus estimate of $963.02 million. LCI Industries had a net margin of 2.47% and a return on equity of 6.85%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.29 earnings per share.

LCI Industries Stock Up 1.6 %

Shares of LCI Industries stock traded up $1.86 on Friday, reaching $115.68. The company’s stock had a trading volume of 234,155 shares, compared to its average volume of 210,576. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 31.44 and a beta of 1.41. The company has a quick ratio of 0.88, a current ratio of 2.86 and a debt-to-equity ratio of 0.63. LCI Industries has a 52 week low of $102.39 and a 52 week high of $137.07. The firm’s fifty day simple moving average is $112.56 and its two-hundred day simple moving average is $115.52.

LCI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a $1.05 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $4.20 dividend on an annualized basis and a yield of 3.63%. LCI Industries’s payout ratio is currently 114.13%.

Wall Street Analysts Forecast Growth

LCII has been the subject of several recent analyst reports. Truist Financial reaffirmed a “hold” rating and set a $110.00 price objective (down from $140.00) on shares of LCI Industries in a research note on Friday, January 19th. Roth Mkm reduced their price target on shares of LCI Industries from $113.00 to $100.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 6th. BMO Capital Markets cut shares of LCI Industries from a “market perform” rating to an “underperform” rating and reduced their price target for the company from $105.00 to $100.00 in a research report on Monday, January 22nd. Finally, Robert W. Baird reduced their price target on shares of LCI Industries from $130.00 to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 14th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to, LCI Industries has a consensus rating of “Hold” and an average target price of $104.20.

View Our Latest Stock Report on LCII

About LCI Industries

(Get Free Report)

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.

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Earnings History for LCI Industries (NYSE:LCII)

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