La-Z-Boy (LZB) Scheduled to Post Quarterly Earnings on Tuesday

La-Z-Boy (NYSE:LZB) will issue its quarterly earnings data after the market closes on Tuesday, February 20th. Analysts expect the company to announce earnings of $0.46 per share for the quarter.

La-Z-Boy (NYSE:LZB) last released its quarterly earnings results on Wednesday, November 29th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. La-Z-Boy had a return on equity of 14.33% and a net margin of 5.53%. The company had revenue of $393.20 million during the quarter, compared to analysts’ expectations of $390.03 million. During the same quarter in the prior year, the business posted $0.42 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, analysts expect La-Z-Boy to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

La-Z-Boy (LZB) opened at $29.10 on Friday. La-Z-Boy has a 52 week low of $23.15 and a 52 week high of $34.25. The stock has a market capitalization of $1,407.70, a price-to-earnings ratio of 16.63 and a beta of 0.89.

Several research analysts have recently issued reports on LZB shares. ValuEngine raised La-Z-Boy from a “hold” rating to a “buy” rating in a research note on Wednesday, October 25th. KeyCorp reissued a “buy” rating and issued a $36.00 price target on shares of La-Z-Boy in a research note on Friday, November 10th. Stifel Nicolaus reissued a “hold” rating on shares of La-Z-Boy in a research note on Friday, December 1st. Finally, Zacks Investment Research raised La-Z-Boy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $33.50.

In other news, SVP Otis S. Sawyer sold 12,000 shares of the stock in a transaction on Friday, December 29th. The stock was sold at an average price of $31.51, for a total value of $378,120.00. Following the completion of the transaction, the senior vice president now owns 60,238 shares of the company’s stock, valued at $1,898,099.38. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John Douglas Collier sold 4,000 shares of the company’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $31.71, for a total value of $126,840.00. The disclosure for this sale can be found here. Corporate insiders own 3.17% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “La-Z-Boy (LZB) Scheduled to Post Quarterly Earnings on Tuesday” was originally posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://www.thelincolnianonline.com/2018/02/18/la-z-boy-lzb-scheduled-to-post-quarterly-earnings-on-tuesday.html.

About La-Z-Boy

La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes and retails upholstery furniture products. The Company also imports, distributes and retails accessories and casegoods (wood) furniture products. The Company’s segments include the Upholstery segment, the Casegoods segment and the Retail segment.

Earnings History for La-Z-Boy (NYSE:LZB)

Receive News & Ratings for La-Z-Boy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for La-Z-Boy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply