La-Z-Boy Inc. (NYSE:LZB) manufactures, markets, imports, distributes, and retails upholstery products, accessories, and casegoods furniture products under the La-Z-Boy brand name in the United States and Canada. It operates in three segments: the upholstery group, casegoods group, and retail group.
La-Z-Boy Incorporated is scheduled to report its fourth-quarter earnings results on June 19, 2012, after the market close.
La-Z-Boy has a market cap of $714.33 million and is currently trading around $13.81, with a 52-week range of $6.76 to $16.43. The stock has 16.05% price performance for 2012. The following table provides key financial ratios for La-Z-Boy:
|Return On Assets (ROA)||12.03%|
|Return On Equity (ROE)||19.58%|
- On March 14, 2012, La-Z-Boy and Kuka Home -- one of China's largest upholstery producers and retailers, with more than 1,600 stores throughout China -- announced a strategic partnership to develop the La-Z-Boy brand in mainland China. The partnership will focus on developing, manufacturing, distributing and retailing La-Z-Boy products, leveraging both companies' strengths and meeting the needs of Chinese consumers.
- On March 7, 2012, La-Z-Boy reported that it expects to receive a distribution of approximately $16 million in connection with anti-dumping duties that were withheld earlier.
- On March 26, 2012, La-Z-Boy announced the launch of PowerReclineXR by La-Z-Boy, the latest innovation in reclining; PowerReclineXR offers completely customized movement for the ultimate in seating comfort.
Analyst Guidance and Earnings History
The fourth-quarter revenues are expected to be $333.72 million when compared to $338.90 million for the same quarter last year. Earnings per share for the fourth quarter are expected to be 26 cents, up from 24 cents in the year-ago period.
The average price target from analysts for La-Z-Boy is $17.67, with an average rating of Overweight. Out of the last four quarters, La-Z-Boy has met or exceeded the EPS estimates three times. The following chart shows the analyst estimates history and the actual EPS results:
The following chart shows the annual summary of sales and net income for La-Z-Boy:
Sources: Some of the data is taken from Google Finance, Yahoo Finance, Finviz, and investor sites.
Disclosure: I have no positions in any stocks mentioned, but may initiate a short position in LZB over the next 72 hours. I change my positions very frequently and may initiate either long or short positions in the above mentioned stocks at any time.
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