News stories about LCI Industries (NYSE:LCII) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. LCI Industries earned a news impact score of 0.11 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.7493402564038 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
LCII stock opened at $109.00 on Wednesday. The firm has a market cap of $2,758.11, a price-to-earnings ratio of 20.80 and a beta of 0.98. The company has a quick ratio of 0.78, a current ratio of 2.29 and a debt-to-equity ratio of 0.08. LCI Industries has a 52 week low of $86.25 and a 52 week high of $132.73.
LCI Industries (NYSE:LCII) last announced its earnings results on Thursday, February 8th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.09. The business had revenue of $547.14 million during the quarter, compared to the consensus estimate of $511.36 million. LCI Industries had a net margin of 6.19% and a return on equity of 23.34%. The business’s quarterly revenue was up 35.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.05 earnings per share. analysts anticipate that LCI Industries will post 8.1 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, March 16th will be paid a $0.55 dividend. The ex-dividend date is Thursday, March 15th. This represents a $2.20 annualized dividend and a dividend yield of 2.02%. LCI Industries’s dividend payout ratio (DPR) is presently 41.98%.
LCII has been the subject of several analyst reports. Zacks Investment Research upgraded shares of LCI Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. Robert W. Baird restated a “buy” rating and issued a $135.00 target price on shares of LCI Industries in a research note on Friday, December 22nd. Finally, Northcoast Research initiated coverage on shares of LCI Industries in a research note on Friday, January 26th. They issued a “sell” rating and a $94.00 target price for the company. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $117.50.
In other news, insider Nick C. Fletcher sold 2,234 shares of the company’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of $110.00, for a total value of $245,740.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Gero bought 2,500 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was purchased at an average price of $112.29 per share, with a total value of $280,725.00. The disclosure for this purchase can be found here. Insiders sold 8,845 shares of company stock valued at $982,012 over the last 90 days. Insiders own 3.60% of the company’s stock.
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About LCI Industries
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.
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