La-Z-Boy (LZB) Scheduled to Post Earnings on Tuesday

La-Z-Boy (NYSE:LZB) is scheduled to post its quarterly earnings results after the market closes on Tuesday, February 20th. Analysts expect La-Z-Boy to post earnings of $0.46 per share for the quarter.

La-Z-Boy (NYSE:LZB) last issued its quarterly earnings results on Wednesday, November 29th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. The company had revenue of $393.20 million during the quarter, compared to the consensus estimate of $390.03 million. La-Z-Boy had a return on equity of 14.33% and a net margin of 5.53%. La-Z-Boy’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the company earned $0.42 earnings per share. On average, analysts expect La-Z-Boy to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of La-Z-Boy (NYSE LZB) opened at $29.20 on Tuesday. The stock has a market capitalization of $1,370.00, a price-to-earnings ratio of 16.78 and a beta of 0.89. La-Z-Boy has a 52-week low of $23.15 and a 52-week high of $34.25.

In other news, SVP Otis S. Sawyer sold 12,000 shares of La-Z-Boy stock in a transaction on Friday, December 29th. The stock was sold at an average price of $31.51, for a total transaction of $378,120.00. Following the completion of the sale, the senior vice president now directly owns 60,238 shares in the company, valued at $1,898,099.38. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John Douglas Collier sold 4,000 shares of La-Z-Boy stock in a transaction on Friday, December 29th. The stock was sold at an average price of $31.71, for a total value of $126,840.00. The disclosure for this sale can be found here. 3.17% of the stock is owned by company insiders.

A number of analysts recently issued reports on the company. ValuEngine upgraded La-Z-Boy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. Zacks Investment Research upgraded La-Z-Boy from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research report on Wednesday, January 31st. Stifel Nicolaus restated a “hold” rating on shares of La-Z-Boy in a research report on Friday, December 1st. Finally, KeyCorp restated a “buy” rating and issued a $36.00 price target on shares of La-Z-Boy in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $33.50.

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La-Z-Boy Company Profile

La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes and retails upholstery furniture products. The Company also imports, distributes and retails accessories and casegoods (wood) furniture products. The Company’s segments include the Upholstery segment, the Casegoods segment and the Retail segment.

Earnings History for La-Z-Boy (NYSE:LZB)

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