Leon’s Furniture (TSE:LNF) Announces Quarterly Earnings Results

Leon’s Furniture (TSE:LNF) posted its quarterly earnings data on Thursday. The company reported C$0.31 earnings per share for the quarter, FiscalAI reports. Leon’s Furniture had a return on equity of 13.08% and a net margin of 6.10%.The business had revenue of C$557.15 million for the quarter.

Leon’s Furniture Stock Down 1.0%

TSE:LNF opened at C$25.00 on Friday. The company has a debt-to-equity ratio of 63.87, a current ratio of 1.57 and a quick ratio of 0.53. The firm’s 50-day moving average price is C$26.32 and its 200-day moving average price is C$27.69. The company has a market capitalization of C$1.72 billion, a PE ratio of 10.92 and a beta of 0.93. Leon’s Furniture has a 1-year low of C$24.15 and a 1-year high of C$30.80.

Analyst Ratings Changes

Separately, National Bank Financial raised their target price on Leon’s Furniture from C$35.00 to C$36.00 and gave the company an “outperform” rating in a research note on Wednesday, February 11th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Leon’s Furniture has a consensus rating of “Moderate Buy” and an average target price of C$33.00.

Leon’s Furniture Company Profile

Leon’s Furniture Ltd is a Canada-based retailer which is involved in the sale of home furnishing, mattresses, appliances, and electronics. The firm is also the country’s commercial retailer of appliances to builders, developers, hotels, and property management companies. It generates maximum revenue from sales of goods by corporate stores.