Analysts Anticipate LCI Industries (LCII) to Post $1.39 Earnings Per Share
Shares of LCI Industries (NASDAQ:LCII) have been assigned a consensus broker rating score of 1.50 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company.
Analysts have set a 12-month consensus price target of $121.50 for the company and are anticipating that the company will post $1.39 EPS for the current quarter, according to Zacks. Zacks has also assigned LCI Industries an industry rank of 17 out of 265 based on the ratings given to related companies.
Several research firms have recently commented on LCII. Robert W. Baird reaffirmed a “buy” rating and issued a $115.00 target price on shares of LCI Industries in a research report on Thursday, September 28th. BidaskClub raised shares of LCI Industries from a “hold” rating to a “buy” rating in a research report on Saturday, September 16th. Finally, Zacks Investment Research cut shares of LCI Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th.
In related news, insider Jamie Schnur sold 1,100 shares of the stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $115.46, for a total value of $127,006.00. Following the completion of the transaction, the insider now directly owns 6,347 shares in the company, valued at approximately $732,824.62. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Scott T. Mereness purchased 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average price of $94.50 per share, with a total value of $283,500.00. Following the completion of the purchase, the president now owns 204,824 shares in the company, valued at $19,355,868. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 25,210 shares of company stock valued at $2,886,934.
Institutional investors have recently modified their holdings of the stock. Bruderman Asset Management LLC bought a new position in shares of LCI Industries in the 2nd quarter worth about $122,000. Mountain Capital Investment Advisors Inc bought a new position in shares of LCI Industries in the 2nd quarter worth about $124,000. Riverhead Capital Management LLC increased its stake in shares of LCI Industries by 74.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,399 shares of the company’s stock worth $143,000 after acquiring an additional 599 shares in the last quarter. Fortaleza Asset Management Inc. bought a new position in shares of LCI Industries in the 2nd quarter worth about $144,000. Finally, LSV Asset Management bought a new position in shares of LCI Industries in the 2nd quarter worth about $194,000.
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LCI Industries (LCII) traded up 1.19% during midday trading on Friday, reaching $123.35. 102,381 shares of the company’s stock traded hands. The company’s 50-day moving average price is $111.52 and its 200-day moving average price is $101.11. The stock has a market cap of $3.07 billion and a P/E ratio of 22.27. LCI Industries has a 52-week low of $80.65 and a 52-week high of $123.78.
LCI Industries (NASDAQ:LCII) last posted its earnings results on Friday, August 4th. The company reported $1.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.03. LCI Industries had a net margin of 7.33% and a return on equity of 26.74%. The firm had revenue of $547.00 million during the quarter, compared to analysts’ expectations of $507.56 million. The firm’s quarterly revenue was up 24.0% on a year-over-year basis. On average, equities analysts predict that LCI Industries will post $5.78 EPS for the current fiscal year.
About LCI Industries
LCI Industries, formerly Drew Industries Incorporated, through its subsidiary, Lippert Components, Inc and its subsidiaries (LCI), supplies an array of components for the original equipment manufacturers (OEMs) of recreational vehicles (RVs) and adjacent industries. The Company’s segments include OEM Segment and Aftermarket Segment.
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