LCI Industries (LCII) to Post Q4 2018 Earnings of $1.11 Per Share, Northcoast Research Forecasts

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LCI Industries (NYSE:LCII) – Equities researchers at Northcoast Research reduced their Q4 2018 EPS estimates for shares of LCI Industries in a research note issued on Monday, November 5th. Northcoast Research analyst S. Woolf now forecasts that the company will post earnings of $1.11 per share for the quarter, down from their previous forecast of $1.45. Northcoast Research has a “Buy” rating on the stock. Northcoast Research also issued estimates for LCI Industries’ Q1 2019 earnings at $1.88 EPS, Q3 2019 earnings at $1.71 EPS and Q4 2019 earnings at $1.14 EPS.

LCII has been the subject of several other research reports. Robert W. Baird reaffirmed a “buy” rating and issued a $115.00 target price on shares of LCI Industries in a report on Wednesday, July 25th. Sidoti dropped their target price on shares of LCI Industries from $136.00 to $119.00 and set a “buy” rating for the company in a report on Friday, September 28th. ValuEngine raised shares of LCI Industries from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. Zacks Investment Research downgraded shares of LCI Industries from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. Finally, Citigroup dropped their target price on shares of LCI Industries from $111.00 to $92.00 and set a “buy” rating for the company in a report on Tuesday. Two research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $110.80.

Shares of LCI Industries stock opened at $77.92 on Wednesday. The firm has a market capitalization of $1.99 billion, a P/E ratio of 13.53 and a beta of 1.17. The company has a quick ratio of 1.26, a current ratio of 3.05 and a debt-to-equity ratio of 0.33. LCI Industries has a fifty-two week low of $66.49 and a fifty-two week high of $132.73.

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

A number of institutional investors have recently bought and sold shares of LCII. UBS Group AG raised its position in LCI Industries by 217.8% in the 1st quarter. UBS Group AG now owns 15,336 shares of the company’s stock worth $1,597,000 after purchasing an additional 10,511 shares during the period. LPL Financial LLC raised its position in LCI Industries by 118.0% in the 1st quarter. LPL Financial LLC now owns 12,157 shares of the company’s stock worth $1,261,000 after purchasing an additional 6,581 shares during the period. Legal & General Group Plc raised its position in LCI Industries by 9.3% in the 1st quarter. Legal & General Group Plc now owns 51,617 shares of the company’s stock worth $5,329,000 after purchasing an additional 4,391 shares during the period. Xact Kapitalforvaltning AB raised its position in LCI Industries by 41.4% in the 1st quarter. Xact Kapitalforvaltning AB now owns 3,758 shares of the company’s stock worth $391,000 after purchasing an additional 1,100 shares during the period. Finally, Principal Financial Group Inc. raised its position in LCI Industries by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 202,557 shares of the company’s stock worth $21,096,000 after purchasing an additional 4,954 shares during the period. 93.57% of the stock is currently owned by institutional investors.

LCI Industries Company Profile

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

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