With 0.53 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.42 million shares. The 52-week range on LZB shows that it touched its highest point at $48.31 and its lowest point at $32.00 during that stretch. It currently has a 1-year price target of $46.00. With its current market cap of 1.88 billion, LZB has annualized dividend of $0.82 while the current yield stands at 1.80%. Beta for the stock currently stands at 1.40.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LZB was down-trending over the past week, with a drop of -3.18%, but this was up by 0.73% over a month. Three-month performance surged to 5.09% while six-month performance rose 10.70%. The stock gained 23.50% in the past year, while it has gained 4.68% so far this year. A look at the trailing 12-month EPS for LZB yields 2.92 with Next year EPS estimates of 3.27. For the next quarter, that number is 0.93. This implies an EPS growth rate of -1.12% for this year and 11.09% for next year. EPS is expected to grow by 6.40% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 14.43%.
Analysts Ratings:
In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.74228 being high and $2.72329 being low. For LZB, this leads to a yearly average estimate of $2.73. Based on analyst estimates, the high estimate for the next quarter is $0.64 and the low estimate is $0.64. The average estimate for the next quarter is thus $0.64.
