Analysts Set Expectations for LCI Industries’ FY2018 Earnings (LCII)

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LCI Industries (NYSE:LCII) – Analysts at Northcoast Research lowered their FY2018 earnings estimates for LCI Industries in a report released on Tuesday, January 29th. Northcoast Research analyst S. Woolf now expects that the company will earn $6.01 per share for the year, down from their prior forecast of $6.15. Northcoast Research also issued estimates for LCI Industries’ Q4 2018 earnings at $0.98 EPS and Q4 2019 earnings at $0.97 EPS.

Other equities analysts also recently issued reports about the company. Sidoti dropped their price target on LCI Industries from $115.00 to $112.00 and set a “buy” rating on the stock in a research note on Friday, November 30th. Citigroup decreased their price target on LCI Industries from $111.00 to $92.00 and set a “buy” rating on the stock in a report on Tuesday, November 6th. Two analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $109.40.

Shares of LCII opened at $82.44 on Wednesday. The company has a current ratio of 3.05, a quick ratio of 1.26 and a debt-to-equity ratio of 0.33. LCI Industries has a 12 month low of $59.68 and a 12 month high of $119.35. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 14.31 and a beta of 1.24.

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Thursday, November 1st. The company reported $1.33 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.05). LCI Industries had a return on equity of 22.88% and a net margin of 5.87%. The company had revenue of $604.24 million during the quarter, compared to analysts’ expectations of $601.93 million. During the same quarter in the previous year, the company earned $1.26 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis.

Several institutional investors and hedge funds have recently made changes to their positions in LCII. Rhumbline Advisers boosted its holdings in LCI Industries by 20.1% in the fourth quarter. Rhumbline Advisers now owns 72,680 shares of the company’s stock valued at $4,855,000 after purchasing an additional 12,173 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of LCI Industries by 39.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 542 shares of the company’s stock worth $36,000 after acquiring an additional 154 shares in the last quarter. Exane Derivatives purchased a new stake in shares of LCI Industries during the 4th quarter worth about $37,000. First Manhattan Co. boosted its stake in shares of LCI Industries by 6.0% during the 4th quarter. First Manhattan Co. now owns 28,638 shares of the company’s stock worth $1,913,000 after acquiring an additional 1,630 shares in the last quarter. Finally, Arizona State Retirement System raised its position in shares of LCI Industries by 6.2% during the 4th quarter. Arizona State Retirement System now owns 38,835 shares of the company’s stock worth $2,594,000 after purchasing an additional 2,256 shares during the last quarter. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

In other LCI Industries news, Director James Gero acquired 15,000 shares of LCI Industries stock in a transaction that occurred on Monday, December 17th. The stock was bought at an average price of $63.24 per share, with a total value of $948,600.00. Following the completion of the purchase, the director now directly owns 278,473 shares of the company’s stock, valued at approximately $17,610,632.52. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.00% of the company’s stock.

About LCI Industries

LCI Industries, along 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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