FY2024 EPS Estimates for LCI Industries Reduced by Analyst

LCI Industries (NYSE:LCII) – Equities research analysts at DA Davidson decreased their FY2024 earnings per share estimates for shares of LCI Industries in a note issued to investors on Monday, November 11th. DA Davidson analyst B. Rolle now expects that the company will earn $5.50 per share for the year, down from their prior estimate of $6.00. The consensus estimate for LCI Industries’ current full-year earnings is $5.65 per share. DA Davidson also issued estimates for LCI Industries’ Q4 2024 earnings at $0.27 EPS.

Several other research analysts also recently issued reports on the company. Truist Financial lifted their price objective on LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Raymond James assumed coverage on LCI Industries in a research report on Tuesday, October 1st. They issued a “market perform” rating on the stock. StockNews.com cut LCI Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Benchmark restated a “buy” rating and issued a $130.00 target price on shares of LCI Industries in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $112.20.

LCI Industries Stock Performance

Shares of LCII opened at $114.98 on Tuesday. LCI Industries has a 12-month low of $96.18 and a 12-month high of $131.36. The stock has a market cap of $2.93 billion, a P/E ratio of 22.37 and a beta of 1.41. The company has a current ratio of 2.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average of $116.88 and a two-hundred day moving average of $111.69.

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Thursday, November 7th. The company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.08. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. The business had revenue of $915.50 million for the quarter, compared to analysts’ expectations of $922.85 million. During the same period in the prior year, the company posted $1.02 EPS. The business’s revenue for the quarter was down 4.6% on a year-over-year basis.

LCI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 3.65%. The ex-dividend date was Friday, August 30th. LCI Industries’s dividend payout ratio (DPR) is 81.71%.

Hedge Funds Weigh In On LCI Industries

Several institutional investors and hedge funds have recently bought and sold shares of LCII. Mercer Global Advisors Inc. ADV lifted its position in LCI Industries by 4.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 2,244 shares of the company’s stock valued at $232,000 after buying an additional 90 shares in the last quarter. nVerses Capital LLC lifted its holdings in shares of LCI Industries by 7.7% during the 2nd quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock valued at $145,000 after acquiring an additional 100 shares in the last quarter. HM Payson & Co. boosted its position in LCI Industries by 6.4% during the 1st quarter. HM Payson & Co. now owns 1,755 shares of the company’s stock worth $216,000 after purchasing an additional 105 shares during the period. Hsbc Holdings PLC increased its holdings in LCI Industries by 2.6% in the 2nd quarter. Hsbc Holdings PLC now owns 4,079 shares of the company’s stock valued at $417,000 after purchasing an additional 105 shares in the last quarter. Finally, Arizona State Retirement System raised its position in LCI Industries by 1.9% in the second quarter. Arizona State Retirement System now owns 7,090 shares of the company’s stock valued at $733,000 after purchasing an additional 130 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

About LCI Industries

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.