La-Z-Boy (LZB) to Release Quarterly Earnings on Tuesday

La-Z-Boy (NYSE:LZB) will post its quarterly earnings results after the market closes on Tuesday, November 19th. Analysts expect La-Z-Boy to post earnings of $0.65 per share for the quarter. La-Z-Boy has set its Q2 2025 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

La-Z-Boy (NYSE:LZB) last announced its quarterly earnings results on Tuesday, August 20th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.02. The business had revenue of $495.50 million during the quarter, compared to the consensus estimate of $482.23 million. La-Z-Boy had a return on equity of 12.90% and a net margin of 5.89%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 EPS. On average, analysts expect La-Z-Boy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

La-Z-Boy Price Performance

Shares of LZB opened at $42.74 on Tuesday. The company’s 50-day moving average is $40.78 and its 200-day moving average is $39.16. The firm has a market capitalization of $1.79 billion, a PE ratio of 15.21 and a beta of 1.29. La-Z-Boy has a fifty-two week low of $29.55 and a fifty-two week high of $45.23.

La-Z-Boy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, September 5th were issued a $0.20 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.80 annualized dividend and a yield of 1.87%. La-Z-Boy’s dividend payout ratio is currently 28.47%.

Insider Transactions at La-Z-Boy

In other news, Director Janet Kerr sold 3,890 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $40.89, for a total transaction of $159,062.10. Following the transaction, the director now directly owns 3,372 shares of the company’s stock, valued at approximately $137,881.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other La-Z-Boy news, CAO Jennifer Lynn Mccurry sold 4,414 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $41.31, for a total transaction of $182,342.34. Following the sale, the chief accounting officer now directly owns 13,236 shares in the company, valued at $546,779.16. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Janet Kerr sold 3,890 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $40.89, for a total transaction of $159,062.10. Following the completion of the transaction, the director now directly owns 3,372 shares in the company, valued at approximately $137,881.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Sidoti downgraded La-Z-Boy from a “buy” rating to a “neutral” rating and set a $43.00 target price on the stock. in a research report on Wednesday, August 21st.

About 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.