Leon’s Furniture (TSE:LNF – Get Free Report) announced its earnings results on Thursday. The company reported C$0.74 earnings per share (EPS) for the quarter, FiscalAI reports. Leon’s Furniture had a net margin of 6.22% and a return on equity of 12.76%. The company had revenue of C$672.79 million during the quarter.
Leon’s Furniture Stock Performance
Shares of TSE LNF traded down C$0.42 during trading on Thursday, hitting C$26.87. The company had a trading volume of 25,254 shares, compared to its average volume of 22,242. Leon’s Furniture has a 12 month low of C$23.24 and a 12 month high of C$29.86. The company has a debt-to-equity ratio of 38.38, a quick ratio of 0.53 and a current ratio of 1.59. The firm has a market capitalization of C$1.85 billion, a P/E ratio of 11.68 and a beta of 0.90. The stock has a 50 day simple moving average of C$25.16 and a 200 day simple moving average of C$25.51.
Analysts Set New Price Targets
Several research analysts have recently weighed in on LNF shares. Stifel Nicolaus dropped their price target on shares of Leon’s Furniture from C$27.00 to C$25.50 and set a “hold” rating on the stock in a research note on Monday, August 10th. Royal Bank Of Canada cut their price objective on shares of Leon’s Furniture from C$33.00 to C$32.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. Finally, National Bank Financial reduced their price objective on Leon’s Furniture from C$35.00 to C$34.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$30.88.
Get Our Latest Stock Report on LNF
Leon’s Furniture Company Profile
Leon’s Furniture Limited is the largest retailer of furniture, appliances and electronics in Canada. Our retail banners include: Leon’s; The Brick; Brick Outlet; and The Brick Mattress Store. Finally, with The Brick’s Midnorthern Appliance banner alongside with Leon’s Appliance Canada banner, this makes the Company the country’s largest commercial retailer of appliances to builders, developers, hotels and property management companies. The Company has 301 retail stores from coast to coast in Canada under various banners.
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