LCI Industries (NYSE:LCII) Announces Quarterly Earnings Results

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

LCI Industries Trading Up 1.3 %

Shares of NYSE:LCII opened at $109.12 on Thursday. The business’s 50 day simple moving average is $106.31 and its 200 day simple moving average is $112.93. LCI Industries has a 1 year low of $96.18 and a 1 year high of $129.38. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.88 and a quick ratio of 1.25. The company has a market capitalization of $2.78 billion, a P/E ratio of 21.23 and a beta of 1.44.

Wall Street Analysts Forecast Growth

LCII has been the subject of several research reports. CJS Securities upgraded shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price objective for the company in a research report on Wednesday. Truist Financial lifted their price target on LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a report on Monday. Finally, StockNews.com upgraded LCI Industries from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $121.20.

Insider Buying and Selling at LCI Industries

In other news, CEO Jason Lippert sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $126.00, for a total value of $1,260,000.00. Following the completion of the transaction, the chief executive officer now directly owns 373,145 shares in the company, valued at approximately $47,016,270. The trade was a 2.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.50% of the company’s stock.

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.