La-Z-Boy Incorporated (NYSE:LZB) – Analysts at KeyCorp issued their Q1 2018 earnings per share estimates for shares of La-Z-Boy in a research note issued to investors on Wednesday. KeyCorp analyst B. Thomas expects that the company will post earnings per share of $0.28 for the quarter. KeyCorp also issued estimates for La-Z-Boy’s Q2 2018 earnings at $0.49 EPS, Q3 2018 earnings at $0.48 EPS, Q4 2018 earnings at $0.58 EPS, FY2018 earnings at $1.82 EPS and FY2019 earnings at $2.05 EPS.

La-Z-Boy (NYSE:LZB) last released its earnings results on Tuesday, June 20th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.11. La-Z-Boy had a return on equity of 14.82% and a net margin of 5.65%. The company had revenue of $412.70 million during the quarter, compared to analyst estimates of $400.25 million. During the same period in the prior year, the company posted $0.45 earnings per share. La-Z-Boy’s quarterly revenue was down 1.0% on a year-over-year basis.

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

Separately, Zacks Investment Research raised shares of La-Z-Boy from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $31.33.

La-Z-Boy (NYSE LZB) opened at 32.30 on Thursday. The firm’s 50-day moving average price is $27.51 and its 200 day moving average price is $28.49. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 20.17 and a beta of 0.77. La-Z-Boy has a one year low of $22.09 and a one year high of $32.90.

Large investors have recently modified their holdings of the stock. Numeric Investors LLC increased its stake in shares of La-Z-Boy by 122.8% in the fourth quarter. Numeric Investors LLC now owns 429,405 shares of the company’s stock worth $13,333,000 after buying an additional 236,707 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of La-Z-Boy by 1.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 140,515 shares of the company’s stock worth $4,363,000 after buying an additional 1,350 shares during the last quarter. Bowling Portfolio Management LLC increased its stake in shares of La-Z-Boy by 0.3% in the fourth quarter. Bowling Portfolio Management LLC now owns 11,434 shares of the company’s stock worth $355,000 after buying an additional 33 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of La-Z-Boy by 2.0% in the fourth quarter. AQR Capital Management LLC now owns 274,550 shares of the company’s stock worth $8,525,000 after buying an additional 5,403 shares during the last quarter. Finally, First Republic Investment Management Inc. increased its stake in shares of La-Z-Boy by 9.4% in the fourth quarter. First Republic Investment Management Inc. now owns 15,826 shares of the company’s stock worth $491,000 after buying an additional 1,366 shares during the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Tuesday, May 30th. La-Z-Boy’s payout ratio is 25.29%.

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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