La-Z-Boy (LZB) to Release Quarterly Earnings on Tuesday

La-Z-Boy (NYSE:LZB) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, November 19th. Analysts expect the company to announce earnings of $0.65 per share for the quarter. La-Z-Boy has set its Q2 2025 guidance at EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

La-Z-Boy (NYSE:LZB) last announced its quarterly earnings results on Tuesday, August 20th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.02. The company had revenue of $495.50 million for the quarter, compared to the consensus estimate of $482.23 million. La-Z-Boy had a net margin of 5.89% and a return on equity of 12.90%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.62 earnings per share. On average, analysts expect La-Z-Boy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

La-Z-Boy Price Performance

LZB stock opened at $42.79 on Friday. La-Z-Boy has a 12 month low of $30.68 and a 12 month high of $45.23. The firm has a market capitalization of $1.79 billion, a PE ratio of 15.23 and a beta of 1.29. The company’s 50 day simple moving average is $40.97 and its 200-day simple moving average is $39.39.

La-Z-Boy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, September 5th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Thursday, September 5th. La-Z-Boy’s dividend payout ratio (DPR) is presently 28.47%.

Insiders Place Their Bets

In other news, CAO Jennifer Lynn Mccurry sold 4,414 shares of La-Z-Boy stock in a transaction on Monday, August 26th. The stock was sold at an average price of $41.31, for a total value of $182,342.34. Following the completion of the sale, the chief accounting officer now owns 13,236 shares of the company’s stock, valued at $546,779.16. The trade was a 25.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Janet Kerr sold 3,890 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $40.89, for a total value of $159,062.10. Following the transaction, the director now owns 3,372 shares in the company, valued at $137,881.08. This trade represents a 53.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Sidoti downgraded La-Z-Boy from a “buy” rating to a “neutral” rating and set a $43.00 price objective on the stock. in a research report on Wednesday, August 21st.

La-Z-Boy Company Profile

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.