La-Z-Boy (LZB) Scheduled to Post Earnings on Tuesday
La-Z-Boy (NYSE:LZB) is scheduled to post its Q115 quarterly earnings results on Tuesday, August 19th. Analysts expect La-Z-Boy to post earnings of $0.21 per share and revenue of $321.28 million for the quarter.
La-Z-Boy (NYSE:LZB) last issued its quarterly earnings data on Tuesday, June 17th. The company reported $0.33 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.33. 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 prior year, the company posted $0.30 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts expect La-Z-Boy to post $1.40 EPS for the current fiscal year and $1.67 EPS for the next fiscal year.
La-Z-Boy (NYSE:LZB) opened at 22.05 on Monday. La-Z-Boy has a one year low of $20.28 and a one year high of $31.22. The stock has a 50-day moving average of $22.01 and a 200-day moving average of $24.67. The company has a market cap of $1.143 billion and a P/E ratio of 22.18.
A number of research firms have recently commented on LZB. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of La-Z-Boy in a research note on Monday, July 21st. They now have a $29.00 price target on the stock, down previously from $31.00. On a related note, analysts at BB&T Corp. upgraded shares of La-Z-Boy from a “hold” rating to a “buy” rating in a research note on Thursday, June 19th. They now have a $27.00 price target on the stock. Finally, analysts at Raymond James reiterated a “strong-buy” rating on shares of La-Z-Boy in a research note on Wednesday, June 18th. They now have a $32.00 price target on the stock, down previously from $34.50. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $29.50.
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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