Must-See Earnings Estimates for: La-Z-Boy Stock Forecast, Price & News (NYSE:LZB)

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Earnings results for La-Z-Boy Stock Forecast, Price & News (NYSE:LZB)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJul 2020 , the consensus EPS* forecast has remained the same over the past week at -0.25 and increased over the past month from -0.31 to -0.25(19.35%). none raised and none lowered their forecast. For the fiscal year ending Apr 2021 , the consensus EPS* forecast has remained the same over the past week at 1.37 and decreased over the past month from 1.4 to 1.37(2.14%). none raised and none lowered their forecast.

La-Z-Boy last announced its earnings data on June 23rd, 2020. The reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.29. The business earned $367.30 million during the quarter, compared to the consensus estimate of $384.96 million. Its quarterly revenue was down 19.1% on a year-over-year basis. La-Z-Boy has generated $2.16 earnings per share over the last year and currently has a price-to-earnings ratio of 19.8. La-Z-Boy has confirmed that its next quarterly earnings report will be published on Tuesday, August 18th, 2020.

Analyst Opinion on La-Z-Boy Stock Forecast, Price & News (NYSE:LZB)

5 Wall Street analysts have issued ratings and price targets for La-Z-Boy in the last 12 months. Their average twelve-month price target is $34.00, predicting that the stock has a possible upside of 3.82%. The high price target for LZB is $37.00 and the low price target for LZB is $29.00. There are currently 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of “Hold.”

La-Z-Boy has received a consensus rating of Hold. The company’s average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings. According to analysts’ consensus price target of $34.00, La-Z-Boy has a forecasted upside of 3.8% from its current price of $32.75. La-Z-Boy has only been the subject of 3 research reports in the past 90 days.

Dividend Strength: La-Z-Boy Stock Forecast, Price & News (NYSE:LZB)

La-Z-Boy does not currently pay a dividend. La-Z-Boy has been increasing its dividend for 7 years.

Insiders buying/selling: La-Z-Boy Stock Forecast, Price & News (NYSE:LZB)

In the past three months, La-Z-Boy insiders have not sold or bought any company stock. Only 4.20% of the stock of La-Z-Boy is held by insiders. 89.67% of the stock of La-Z-Boy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of La-Z-Boy Stock Forecast, Price & News (NYSE:LZB

Earnings for La-Z-Boy are expected to grow by 50.36% in the coming year, from $1.37 to $2.06 per share. The P/E ratio of La-Z-Boy is 19.85, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 17.56. The P/E ratio of La-Z-Boy is 19.85, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 60.90. La-Z-Boy has a P/B Ratio of 2.10. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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