Leon’s Furniture (TSE:LNF) Releases Quarterly Earnings Results

Leon’s Furniture (TSE:LNF) posted its quarterly earnings data on Thursday. The company reported C$0.74 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$672.79 million during the quarter. Leon’s Furniture had a return on equity of 12.76% and a net margin of 6.22%.

Leon’s Furniture Stock Performance

Leon’s Furniture stock opened at C$26.87 on Friday. The company has a debt-to-equity ratio of 38.38, a current ratio of 1.59 and a quick ratio of 0.53. The firm has a market capitalization of C$1.85 billion, a P/E ratio of 11.68 and a beta of 0.90. Leon’s Furniture has a 1-year low of C$23.24 and a 1-year high of C$29.86. The company’s 50-day moving average is C$25.16 and its 200 day moving average is C$25.51.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Stifel Nicolaus decreased their price target on Leon’s Furniture from C$27.00 to C$25.50 and set a “hold” rating on the stock in a report on Monday, August 10th. Royal Bank Of Canada dropped 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 note on Monday, August 10th. Finally, National Bank Financial dropped their price objective on shares of 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 investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$30.88.

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.