Leon’s Furniture (LNF) to Release Earnings on Thursday

Leon’s Furniture (TSE:LNF) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Leon’s Furniture to post earnings of C$0.55 per share for the quarter.

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

Leon’s Furniture Stock Performance

Shares of TSE LNF opened at C$27.10 on Wednesday. The company has a market capitalization of C$1.85 billion, a PE ratio of 12.66 and a beta of 0.82. The company has a debt-to-equity ratio of 41.88, a quick ratio of 0.53 and a current ratio of 1.42. The company’s fifty day moving average price is C$28.98 and its 200 day moving average price is C$25.51. Leon’s Furniture has a 1 year low of C$17.10 and a 1 year high of C$30.64.

Leon’s Furniture Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 9th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, September 9th. This is a boost from Leon’s Furniture’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a yield of 2.95%. Leon’s Furniture’s dividend payout ratio is currently 37.38%.

Analysts Set New Price Targets

Several analysts recently issued reports on LNF shares. Stifel Nicolaus set a C$30.00 price objective on shares of Leon’s Furniture and gave the company a “hold” rating in a research note on Wednesday, October 23rd. Stifel Canada upgraded shares of Leon’s Furniture to a “hold” rating in a research report on Tuesday, October 22nd. Finally, Acumen Capital set a C$34.00 price target on shares of Leon’s Furniture and gave the company a “buy” rating in a research note on Wednesday, August 21st.

Insider Buying and Selling at Leon’s Furniture

In other Leon’s Furniture news, Senior Officer John Andrew Cooney sold 3,800 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of C$30.00, for a total value of C$114,000.00. Company insiders own 69.49% of the company’s stock.

Leon’s Furniture Company Profile

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.