LCI Industries (LCII) To Go Ex-Dividend on December 5th
LCI Industries (NYSE:LCII) declared a quarterly dividend on Thursday, November 14th, Zacks reports. Investors of record on Friday, December 6th will be given a dividend of 0.65 per share on Friday, December 20th. This represents a $2.60 annualized dividend and a yield of 2.53%. The ex-dividend date is Thursday, December 5th.
Shares of NYSE:LCII opened at $102.86 on Tuesday. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 17.55, a price-to-earnings-growth ratio of 1.15 and a beta of 1.43. The company has a 50 day moving average of $101.64 and a two-hundred day moving average of $92.03. LCI Industries has a 52-week low of $59.68 and a 52-week high of $108.55. The company has a quick ratio of 0.96, a current ratio of 2.27 and a debt-to-equity ratio of 0.41.
LCI Industries (NYSE:LCII) last posted its earnings results on Tuesday, November 5th. The company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.02. The business had revenue of $586.20 million for the quarter, compared to analysts’ expectations of $578.87 million. LCI Industries had a net margin of 5.88% and a return on equity of 18.73%. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.33 earnings per share. On average, equities analysts anticipate that LCI Industries will post 5.79 earnings per share for the current year.
LCII has been the topic of a number of recent analyst reports. Citigroup boosted their price objective on shares of LCI Industries from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Sidoti downgraded LCI Industries from a “buy” rating to a “neutral” rating and lowered their target price for the company from $110.00 to $108.00 in a research note on Thursday, October 31st. Zacks Investment Research lowered LCI Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, ValuEngine upgraded LCI Industries from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. LCI Industries currently has an average rating of “Hold” and an average target price of $105.75.
About LCI Industries
LCI Industries, together with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures or distributes various components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; travel trailers, fifth-wheel travel trailers, folding camping trailers, and truck campers; trucks; pontoon boats; trains; manufactured homes; and modular housing.
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