News coverage about La-Z-Boy (NYSE:LZB) has been trending positive this week, according to Alpha One. The research firm, a service of Accern, identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. La-Z-Boy earned a media sentiment score of 0.31 on Alpha One’s scale. Alpha One also assigned media coverage about the company an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Alpha One’s rankings:
- Brokerages Expect La-Z-Boy Incorporated (LZB) to Announce $0.46 EPS (americanbankingnews.com)
- La-Z-Boy, Inc. breached its 50 day moving average in a Bullish Manner : LZB-US : April 20, 2017 (finance.yahoo.com)
- La-Z-Boy Incorporated (LZB) Rating Increased to Hold at Zacks Investment Research (americanbankingnews.com)
- La-Z-Boy, Others Sue Gov’t To Cough Up Duty Interest (law360.com)
- La-Z-Boy announces resignation of Mark Bacon (woodworkingnetwork.com)
A number of brokerages have recently weighed in on LZB. Zacks Investment Research downgraded La-Z-Boy from a “buy” rating to a “hold” rating in a research note on Thursday, February 2nd. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of La-Z-Boy in a research note on Thursday, January 5th. They noted that the move was a valuation call. Finally, Stifel Nicolaus downgraded La-Z-Boy from a “buy” rating to a “hold” rating and dropped their price objective for the company from $33.00 to $30.00 in a research note on Wednesday, February 22nd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. La-Z-Boy presently has a consensus rating of “Hold” and an average price target of $29.67.
La-Z-Boy (NYSE:LZB) traded down 0.35% on Friday, hitting $28.10. 60,423 shares of the stock traded hands. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 17.55 and a beta of 0.89. La-Z-Boy has a 52-week low of $22.09 and a 52-week high of $32.90. The company’s 50 day moving average price is $27.15 and its 200-day moving average price is $27.65.
La-Z-Boy (NYSE:LZB) last released its quarterly earnings data on Tuesday, February 21st. 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 net margin of 5.22% and a return on equity of 14.79%. The firm earned $390 million during the quarter, compared to analysts’ expectations of $392.84 million. During the same period last year, the business earned $0.43 earnings per share. La-Z-Boy’s revenue was up 1.6% compared to the same quarter last year. On average, analysts forecast that La-Z-Boy will post $1.65 earnings per share for the current fiscal year.
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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.
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