La-Z-Boy (NYSE:LZB) released its earnings results on Tuesday. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.21), RTT News reports. La-Z-Boy had a return on equity of 14.33% and a net margin of 5.53%. The business had revenue of $413.64 million for the quarter, compared to analysts’ expectations of $402.67 million. During the same quarter in the prior year, the business posted $0.47 EPS. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year.
Shares of La-Z-Boy (NYSE:LZB) traded down $0.20 during trading on Tuesday, reaching $28.90. The company had a trading volume of 518,176 shares, compared to its average volume of 293,460. La-Z-Boy has a 52 week low of $23.15 and a 52 week high of $34.25. The company has a market capitalization of $1,376.94, a price-to-earnings ratio of 16.58 and a beta of 0.89.
Several analysts recently issued reports on LZB shares. Zacks Investment Research upgraded La-Z-Boy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 25th. ValuEngine lowered La-Z-Boy from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. KeyCorp reissued a “buy” rating and set a $36.00 price target on shares of La-Z-Boy in a research note on Friday, November 10th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of La-Z-Boy in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. La-Z-Boy has an average rating of “Hold” and an average target price of $33.50.
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La-Z-Boy Company Profile
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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