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

Leon’s Furniture (TSE:LNF) released its quarterly earnings results on Thursday. The company reported C$0.74 EPS for the quarter, FiscalAI reports. Leon’s Furniture had a return on equity of 12.76% and a net margin of 6.22%. The business had revenue of C$672.79 million during the quarter.

Leon’s Furniture Stock Up 8.9%

Shares of TSE LNF traded up C$2.38 during mid-day trading on Friday, hitting C$29.25. 137,482 shares of the stock traded hands, compared to its average volume of 22,780. The stock has a fifty day moving average price of C$25.26 and a 200-day moving average price of C$25.51. The company has a debt-to-equity ratio of 38.38, a quick ratio of 0.53 and a current ratio of 1.59. The company has a market cap of C$2.01 billion, a price-to-earnings ratio of 12.72 and a beta of 0.90. Leon’s Furniture has a 52 week low of C$23.24 and a 52 week high of C$29.86.

Analysts Set New Price Targets

A number of equities analysts recently commented on LNF shares. Royal Bank Of Canada decreased their target price on Leon’s Furniture from C$33.00 to C$32.00 and set an “outperform” rating for the company in a report on Monday, August 10th. Stifel Nicolaus cut their price target on shares of Leon’s Furniture from C$27.00 to C$25.50 and set a “hold” rating on the stock in a report on Monday, August 10th. Finally, National Bank Financial reduced their price objective on shares of Leon’s Furniture from C$35.00 to C$34.00 and set an “outperform” rating on the stock in a research report on Monday, August 10th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$30.88.

Leon’s Furniture Company Profile

Leon’s Furniture Limited is the largest retailer of furniture, appliances and electronics in Canada. Our retail banners include: Leon’s; The Brick; Brick Outlet; and The Brick Mattress Store. Finally, with The Brick’s Midnorthern Appliance banner alongside with Leon’s Appliance Canada banner, this makes the Company the country’s largest commercial retailer of appliances to builders, developers, hotels and property management companies. The Company has 301 retail stores from coast to coast in Canada under various banners.