Q3 Earnings Forecast for TSE:LNF Issued By Stifel Canada

Leon’s Furniture Limited (TSE:LNF) – Equities research analysts at Stifel Canada issued their Q3 2024 earnings estimates for shares of Leon’s Furniture in a report issued on Tuesday, October 22nd. Stifel Canada analyst M. Landry anticipates that the company will earn $0.55 per share for the quarter. 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 $0.75 EPS, FY2024 earnings at $1.97 EPS and FY2025 earnings at $2.08 EPS.

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

Leon’s Furniture Stock Up 0.5 %

TSE LNF opened at C$27.96 on Friday. The company has a current ratio of 1.42, a quick ratio of 0.53 and a debt-to-equity ratio of 41.88. Leon’s Furniture has a 12 month low of C$16.46 and a 12 month high of C$30.64. The stock’s 50 day moving average is C$29.25 and its 200 day moving average is C$25.20. The stock has a market cap of C$1.91 billion, a PE ratio of 13.07 and a beta of 0.82.

Leon’s Furniture (TSE:LNF) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.44 earnings per share for the quarter. The firm had revenue of C$617.66 million during the quarter. Leon’s Furniture had a return on equity of 14.68% and a net margin of 5.84%.

Leon’s Furniture Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 9th were given a dividend of $0.20 per share. This is an increase from Leon’s Furniture’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date was Monday, September 9th. Leon’s Furniture’s dividend payout ratio is currently 37.38%.

Insider Activity at Leon’s Furniture

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

About Leon’s Furniture

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.