LCI Industries (NYSE:LCII) Posts Earnings Results, Beats Expectations By $0.06 EPS

LCI Industries (NYSE:LCII) announced its quarterly earnings results on Tuesday. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.06, Zacks reports. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%.

LCI Industries Stock Performance

Shares of NYSE:LCII opened at $101.69 on Tuesday. The stock has a market capitalization of $2.59 billion, a P/E ratio of 19.78 and a beta of 1.44. The company has a current ratio of 2.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58. LCI Industries has a 1-year low of $96.18 and a 1-year high of $129.38. The business has a 50-day moving average price of $107.09 and a two-hundred day moving average price of $113.09.

LCI Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $1.15 per share. The ex-dividend date was Friday, November 29th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.52%. This is an increase from LCI Industries’s previous quarterly dividend of $1.05. LCI Industries’s payout ratio is presently 89.49%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of LCI Industries from a “hold” rating to a “buy” rating in a research note on Friday. Truist Financial boosted their price objective on LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.25.

Insider Transactions at LCI Industries

In other news, CEO Jason Lippert sold 10,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $126.00, for a total value of $1,260,000.00. Following the transaction, the chief executive officer now directly owns 373,145 shares in the company, valued at $47,016,270. This trade represents a 2.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.50% of the stock is owned by corporate insiders.

LCI Industries Company Profile

LCI Industries, together with its subsidiaries, manufactures and supplies engineered components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates through two segments: Original Equipment Manufacturers (OEM) and Aftermarket.