Q1 2020 EPS Estimates for LCI Industries (NYSE:LCII) Boosted by Northcoast Research

LCI Industries (NYSE:LCII) – Stock analysts at Northcoast Research upped their Q1 2020 earnings per share estimates for LCI Industries in a report released on Wednesday, February 12th. Northcoast Research analyst B. Rolle now forecasts that the company will post earnings of $1.65 per share for the quarter, up from their prior estimate of $1.62. Northcoast Research also issued estimates for LCI Industries’ Q2 2020 earnings at $2.25 EPS, Q3 2020 earnings at $1.75 EPS, Q4 2020 earnings at $1.35 EPS and FY2020 earnings at $7.00 EPS.

Other equities research analysts have also issued research reports about the stock. ValuEngine lowered shares of LCI Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, December 4th. Sidoti lowered shares of LCI Industries from a “buy” rating to a “neutral” rating and reduced their price target for the company from $110.00 to $108.00 in a research report on Thursday, October 31st. Finally, Zacks Investment Research raised shares of LCI Industries from a “hold” rating to a “buy” rating and set a $127.00 price target for the company in a research report on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $107.75.

Shares of NYSE:LCII opened at $111.55 on Thursday. LCI Industries has a fifty-two week low of $73.34 and a fifty-two week high of $115.16. The business has a 50-day simple moving average of $109.18 and a two-hundred day simple moving average of $99.01. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.96 and a current ratio of 2.27. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 1.11 and a beta of 1.44.

LCI Industries (NYSE:LCII) last issued its earnings results on Tuesday, February 11th. The company reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.08. LCI Industries had a return on equity of 18.73% and a net margin of 5.88%. The business had revenue of $564.00 million during the quarter, compared to analyst estimates of $554.35 million. During the same quarter in the previous year, the firm earned $0.82 EPS. LCI Industries’s revenue was up 5.0% on a year-over-year basis.

In other news, Director David A. Reed sold 10,000 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $110.04, for a total transaction of $1,100,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.30% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its holdings in LCI Industries by 494.1% in the 4th quarter. Victory Capital Management Inc. now owns 99,264 shares of the company’s stock worth $10,718,000 after acquiring an additional 82,556 shares in the last quarter. AQR Capital Management LLC increased its holdings in LCI Industries by 250.1% in the 4th quarter. AQR Capital Management LLC now owns 59,526 shares of the company’s stock worth $6,377,000 after acquiring an additional 42,523 shares in the last quarter. BlackRock Inc. increased its holdings in LCI Industries by 1.1% in the 2nd quarter. BlackRock Inc. now owns 3,640,224 shares of the company’s stock worth $327,621,000 after acquiring an additional 39,933 shares in the last quarter. Man Group plc increased its holdings in LCI Industries by 313.1% in the 3rd quarter. Man Group plc now owns 47,898 shares of the company’s stock worth $4,399,000 after acquiring an additional 36,303 shares in the last quarter. Finally, Monarch Partners Asset Management LLC increased its holdings in LCI Industries by 88.4% in the 3rd quarter. Monarch Partners Asset Management LLC now owns 74,855 shares of the company’s stock worth $6,875,000 after acquiring an additional 35,130 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

About LCI Industries

LCI Industries, together with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures or distributes various components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; travel trailers, fifth-wheel travel trailers, folding camping trailers, and truck campers; trucks; pontoon boats; trains; manufactured homes; and modular housing.

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Earnings History and Estimates for LCI Industries (NYSE:LCII)

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