La-Z-Boy (NYSE:LZB) Posts Earnings Results, Beats Expectations By $0.25 EPS

La-Z-Boy (NYSE:LZBGet Free Report) issued its quarterly earnings results on Monday. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.25, Briefing.com reports. The business had revenue of $553.54 million during the quarter, compared to the consensus estimate of $516.44 million. La-Z-Boy had a return on equity of 13.55% and a net margin of 5.73%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.99 EPS.

La-Z-Boy Stock Performance

LZB opened at $39.26 on Tuesday. The stock has a 50-day moving average of $34.79 and a 200-day moving average of $35.92. La-Z-Boy has a 52-week low of $25.12 and a 52-week high of $39.87. The company has a market cap of $1.67 billion, a PE ratio of 13.87 and a beta of 1.25.

La-Z-Boy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Tuesday, June 4th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $0.80 annualized dividend and a dividend yield of 2.04%. La-Z-Boy’s dividend payout ratio (DPR) is presently 29.52%.

Insider Activity at La-Z-Boy

In other news, SVP Michael Adam Leggett sold 3,077 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $37.08, for a total value of $114,095.16. Following the completion of the transaction, the senior vice president now directly owns 21,519 shares of the company’s stock, valued at approximately $797,924.52. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.70% of the stock is owned by corporate insiders.

About La-Z-Boy

(Get Free Report)

La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes, and retails upholstery furniture products, accessories, and casegoods furniture products in the United States, Canada, and internationally. It operates through Wholesale, Retail, Corporate and Other segments. The Wholesale segment manufactures, and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas; and imports, distributes, and retails casegoods (wood) furniture, including occasional pieces, bedroom sets, dining room sets, entertainment centers, and occasional pieces.

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

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