La-Z-Boy Incorporated (NYSE:LZB) is expected to report second quarter earnings results, after market close, on Tuesday 17th November 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.50 per share from revenue of $ 433.73 million.
Looking ahead, the full year income are expected at $ 2.14 per share on the revenues of $ 1666.77 million.
Previous Quarter Performance
La-Z-Boy Incorporated disclosed income for the first quarter of $ 0.18 per share, from the revenue of $ 285.46 million. The quarterly earnings down 57.14 percent while revenues reduced 31.37 percent compared with the same quarter last year.
According to street consensus, LZB was expected to report 1Q21 loss of $ 0.13 per share from revenue of $ 289.74 million. The bottom line results beat street analysts by $ 0.31 or 238.46 percent, at the same time, top line results fell short of analysts by $ 4.28 million or 1.48 percent.
Stock Performance
Shares of La-Z-Boy Incorporated traded up $ 1.20 or 3.30 percent on Monday, reaching $ 37.58 with volume of 255.60 thousand shares. La-Z-Boy Incorporated has traded high as $ 37.93 and has cracked $ 36.91 on the downward trend
According to the previous trading day, closing price of $ 37.58, representing a 133.06 % increase from the 52 week low of $ 15.61 and a 8.73 % decrease over the 52 week high of $ 39.86.
The company has a market capital of $ 1.73 billion and is part of the Consumer Cyclical sector and Home Furnishings & Fixtures industry.
Recent Stock Dividend Announcement
On August 18, 2020, the board of directors authorized quarterly dividend of $ 0.07 per share to holders of record as of the close of business on September 3, 2020, with payment date of September 15, 2020 and ex-dividend date on September 2, 2020.
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 Upholstery, Casegoods, and Retail segments. The Upholstery segment manufactures and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas.
