La-Z-Boy (LZB) Announces Quarterly Earnings Results, Meets Expectations
La-Z-Boy (NYSE:LZB) announced its earnings results on Tuesday. The company reported $0.33 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.33, Analyst Ratings Network reports. The company had revenue of $353.00 million for the quarter, compared to the consensus estimate of $369.20 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis.
On the ratings front, analysts at Barrington Research initiated coverage on shares of La-Z-Boy in a research note on Monday, June 2nd. They set an “outperform” rating and a $30.00 price target on the stock. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $30.02.
La-Z-Boy (NYSE:LZB) traded up 5.12% on Tuesday, hitting $24.84. The stock had a trading volume of 1,061,794 shares. La-Z-Boy has a one year low of $18.05 and a one year high of $31.22. The stock has a 50-day moving average of $24.6 and a 200-day moving average of $26.79. The company has a market cap of $1.300 billion and a price-to-earnings ratio of 21.06.
La-Z-Boy Incorporated is a global producer of reclining chairs. The Company manufactures, markets, imports, distributes and retails upholstery products, accessories and casegoods (NYSE:LZB) furniture products.
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