Floor & Decor Holdings, Inc. (NYSE:FND) updated its FY17 earnings guidance on Thursday. The company provided EPS guidance of $0.64-$0.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.60. The company issued revenue guidance of $1.357-$1.365 billion, compared to the consensus revenue estimate of $1.34 billion.Floor & Decor Holdings also updated its Q4 guidance to $0.14-$0.16 EPS.
A number of research firms have weighed in on FND. Jefferies Group LLC boosted their target price on shares of Floor & Decor Holdings from $38.00 to $42.00 and gave the company a hold rating in a research note on Friday. Credit Suisse Group boosted their target price on shares of Floor & Decor Holdings from $43.00 to $47.00 and gave the company an outperform rating in a research note on Friday. Telsey Advisory Group upgraded shares of Floor & Decor Holdings from a market perform rating to an outperform rating and boosted their target price for the company from $39.00 to $47.00 in a research note on Friday. Wells Fargo & Company reiterated a hold rating and issued a $42.00 target price on shares of Floor & Decor Holdings in a research note on Thursday. Finally, Zacks Investment Research cut shares of Floor & Decor Holdings from a buy rating to a hold rating in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Floor & Decor Holdings has a consensus rating of Hold and a consensus target price of $42.60.
Floor & Decor Holdings, Inc. (FND) traded up $2.50 during midday trading on Friday, hitting $41.29. 2,417,947 shares of the stock traded hands, compared to its average volume of 272,839. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.29 and a quick ratio of 0.15.
Floor & Decor Holdings (NYSE:FND) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. The business had revenue of $343.90 million during the quarter, compared to the consensus estimate of $338.62 million. During the same period last year, the firm earned $0.12 EPS. The business’s revenue for the quarter was up 26.8% on a year-over-year basis. sell-side analysts expect that Floor & Decor Holdings, Inc. will post 0.6 EPS for the current year.
In other news, Director George Vincent West sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $37.90, for a total value of $1,895,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
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Floor & Decor Holdings Company Profile
Floor & Decor Holdings, Inc, formerly FDO Holdings, Inc, is a retailer of hard surface flooring and related accessories. The Company retails its products such as tile, stone, wood, marble, glass and decoratives. The Company has 72 stores across 17 states in the United States. The Company provides its products to customers, including professional installers and commercial businesses (Pro), Do it Yourself customers (DIY) and customers who buy the products for professional installation (Buy it Yourself or BIY).
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