La-Z-Boy (NYSE:LZB) Releases Quarterly Earnings Results, Beats Estimates By $0.25 EPS

La-Z-Boy (NYSE:LZB) posted its quarterly earnings data on Monday. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.70 by $0.25, Briefing.com reports. The business had revenue of $553.54 million for the quarter, compared to analysts’ expectations of $516.44 million. La-Z-Boy had a net margin of 5.99% and a return on equity of 13.23%. The firm’s revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 EPS.

La-Z-Boy Stock Performance

Shares of NYSE LZB opened at $40.70 on Wednesday. The stock has a market capitalization of $1.74 billion, a PE ratio of 14.38 and a beta of 1.25. La-Z-Boy has a 52 week low of $25.12 and a 52 week high of $41.08. The stock has a 50 day moving average price of $34.88 and a 200 day moving average price of $35.96.

La-Z-Boy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Tuesday, June 4th were issued 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 yield of 1.97%. La-Z-Boy’s payout ratio is presently 28.27%.

Insider Transactions at La-Z-Boy

In other La-Z-Boy news, SVP Michael Adam Leggett sold 3,077 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $37.08, for a total value of $114,095.16. Following the completion of the sale, the senior vice president now owns 21,519 shares in the company, valued at $797,924.52. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.70% of the company’s stock.

About La-Z-Boy

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.