LCI Industries (LCII) Announces Quarterly Earnings Results

LCI Industries (NYSE:LCII) announced its quarterly earnings data on Thursday. The company reported $1.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.09, Bloomberg Earnings reports. The company had revenue of $547.14 million for the quarter, compared to the consensus estimate of $511.36 million. LCI Industries had a return on equity of 23.34% and a net margin of 6.19%. LCI Industries’s quarterly revenue was up 35.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.05 EPS.

LCI Industries (NYSE:LCII) opened at $114.70 on Friday. LCI Industries has a 12-month low of $86.25 and a 12-month high of $132.73. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.03 and a current ratio of 2.29. The stock has a market capitalization of $2,980.00, a price-to-earnings ratio of 21.89 and a beta of 0.99.

Several brokerages have commented on LCII. Northcoast Research began coverage on LCI Industries in a research report on Friday, January 26th. They issued a “sell” rating and a $94.00 price objective on the stock. Zacks Investment Research raised LCI Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Robert W. Baird reissued a “buy” rating and set a $135.00 price target on shares of LCI Industries in a research report on Friday, December 22nd. Finally, BidaskClub downgraded LCI Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $112.75.

In related news, CEO Jason Lippert sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $127.22, for a total transaction of $954,150.00. Following the sale, the chief executive officer now owns 151,735 shares of the company’s stock, valued at $19,303,726.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jamie Schnur sold 3,800 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $128.29, for a total value of $487,502.00. Following the sale, the insider now directly owns 3,829 shares in the company, valued at approximately $491,222.41. The disclosure for this sale can be found here. Insiders have sold a total of 11,487 shares of company stock worth $1,464,242 in the last three months. Corporate insiders own 3.60% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Mountain Capital Investment Advisors Inc bought a new stake in LCI Industries during the second quarter valued at about $124,000. Public Employees Retirement Association of Colorado bought a new stake in LCI Industries during the fourth quarter valued at about $170,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in LCI Industries by 104.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,429 shares of the company’s stock valued at $186,000 after purchasing an additional 730 shares in the last quarter. Zions Bancorporation bought a new stake in LCI Industries during the third quarter valued at about $187,000. Finally, Pitcairn Co. bought a new stake in LCI Industries during the third quarter valued at about $200,000. 97.75% of the stock is currently owned by institutional investors.

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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.

Earnings History for LCI Industries (NYSE:LCII)

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