LCI Industries (NYSE: LCII) has reported earnings for its first fiscal quarter (ending March 31) of $1.44 versus $0.29 for the same period a year ago — an increase of 397%. This result exceeded the consensus estimate of $1.16 by $0.28. For the latest four quarters through March 31, E.P.S. were $3.69 versus $8.09 for the same period a year ago — a decline of -54%.
Recent Price Action
LCI Industries (NYSE: LCII) stock closed at $111.20 on 5/8/24 after a very large increase of 5.9%. Moreover, trading volume in this advance was unusually high at 182% of normal. The stock has been weak relative to the market over the last nine months but has risen 6.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, LCII is expected to continue to be a Value Builder.
LCI Industries has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. LCI Industries has a slightly positive Appreciation Score of 61 but a poor Power Rating of 23, leading to the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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