LCI Industries (NASDAQ:LCII) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS
LCI Industries (NASDAQ:LCII) issued its quarterly earnings results on Friday. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.56 by $0.03, MarketWatch Earnings reports. LCI Industries had a net margin of 8.66% and a return on equity of 30.50%. The business had revenue of $547 million for the quarter, compared to analysts’ expectations of $507.56 million. The business’s revenue was up 24.0% compared to the same quarter last year.
Shares of LCI Industries (NASDAQ LCII) traded down 3.21% during trading on Friday, reaching $100.90. 297,442 shares of the company’s stock were exchanged. The company has a market capitalization of $2.51 billion and a PE ratio of 18.46. The company has a 50 day moving average price of $102.28 and a 200-day moving average price of $101.32. LCI Industries has a 52-week low of $80.65 and a 52-week high of $117.15.
COPYRIGHT VIOLATION WARNING: This news story was first reported by Daily Political and is owned by of Daily Political. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of international copyright & trademark laws. The correct version of this news story can be viewed at https://www.dailypolitical.com/2017/08/06/lci-industries-nasdaqlcii-releases-quarterly-earnings-results-beats-estimates-by-0-03-eps.html.
In related news, Director David A. Reed sold 2,000 shares of the company’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $101.29, for a total value of $202,580.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Nick C. Fletcher sold 1,617 shares of the company’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $105.44, for a total transaction of $170,496.48. The disclosure for this sale can be found here.
A number of hedge funds have recently bought and sold shares of LCII. Alps Advisors Inc. boosted its stake in LCI Industries by 0.3% in the second quarter. Alps Advisors Inc. now owns 4,695 shares of the company’s stock worth $481,000 after buying an additional 13 shares during the last quarter. Arizona State Retirement System boosted its stake in LCI Industries by 0.8% in the second quarter. Arizona State Retirement System now owns 12,998 shares of the company’s stock worth $1,331,000 after buying an additional 100 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in LCI Industries by 1.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 14,301 shares of the company’s stock worth $1,464,000 after buying an additional 180 shares during the last quarter. Texas Permanent School Fund boosted its stake in LCI Industries by 1.4% in the second quarter. Texas Permanent School Fund now owns 18,183 shares of the company’s stock worth $1,862,000 after buying an additional 259 shares during the last quarter. Finally, Fortaleza Asset Management Inc. acquired a new stake in LCI Industries during the second quarter worth $144,000.
Several equities analysts have recently commented on the stock. Zacks Investment Research raised shares of LCI Industries from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research report on Wednesday, July 5th. Robert W. Baird began coverage on shares of LCI Industries in a report on Wednesday, May 3rd. They issued an “outperform” rating and a $118.00 target price on the stock. Finally, Citigroup Inc. cut their target price on shares of LCI Industries from $125.00 to $107.00 and set a “buy” rating on the stock in a report on Tuesday, April 11th.
LCI Industries Company Profile
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.
Receive News & Ratings for LCI Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LCI Industries and related companies with MarketBeat.com's FREE daily email newsletter.