Finish Line Inc Expected to Earn Q4 2018 Earnings of $0.58 Per Share (FINL)

Finish Line Inc (NASDAQ:FINL) – Stock analysts at Jefferies Group lifted their Q4 2018 earnings per share (EPS) estimates for shares of Finish Line in a research note issued on Thursday. Jefferies Group analyst R. Konik now anticipates that the specialty retailer will post earnings per share of $0.58 for the quarter, up from their prior forecast of $0.51. Jefferies Group currently has a “Buy” rating and a $13.00 price target on the stock. Jefferies Group also issued estimates for Finish Line’s FY2019 earnings at $0.72 EPS.

Finish Line (NASDAQ:FINL) last issued its quarterly earnings data on Thursday, December 21st. The specialty retailer reported ($0.26) earnings per share for the quarter, beating the consensus estimate of ($0.36) by $0.10. Finish Line had a positive return on equity of 5.43% and a negative net margin of 0.62%. The business had revenue of $378.50 million for the quarter, compared to analysts’ expectations of $361.46 million. During the same period last year, the business earned ($0.24) EPS. The business’s revenue was up 1.8% on a year-over-year basis.

FINL has been the topic of several other reports. Susquehanna Bancshares restated a “neutral” rating and set a $12.00 price objective on shares of Finish Line in a research note on Friday, September 29th. Zacks Investment Research upgraded Finish Line from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. B. Riley restated a “neutral” rating and set a $10.00 price objective on shares of Finish Line in a research note on Friday. Canaccord Genuity restated a “hold” rating and set a $8.00 price objective (down from $14.00) on shares of Finish Line in a research note on Tuesday, August 29th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $12.00 price objective (up from $9.00) on shares of Finish Line in a research note on Monday, September 25th. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $10.75.

Shares of Finish Line (NASDAQ:FINL) traded up $0.34 during trading hours on Friday, reaching $13.54. The company’s stock had a trading volume of 2,956,986 shares, compared to its average volume of 1,698,071. Finish Line has a fifty-two week low of $6.90 and a fifty-two week high of $20.06. The company has a market cap of $535.39, a PE ratio of -48.36, a PEG ratio of 1.89 and a beta of 1.39.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Friday, November 24th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend was Wednesday, November 22nd. Finish Line’s payout ratio is -157.14%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FINL. Teachers Advisors LLC increased its holdings in Finish Line by 4.1% in the 1st quarter. Teachers Advisors LLC now owns 73,151 shares of the specialty retailer’s stock worth $1,041,000 after acquiring an additional 2,850 shares during the last quarter. Aperio Group LLC purchased a new stake in Finish Line in the 2nd quarter worth about $174,000. Municipal Employees Retirement System of Michigan increased its holdings in Finish Line by 9.7% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 20,390 shares of the specialty retailer’s stock worth $289,000 after acquiring an additional 1,800 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in Finish Line by 6.3% in the 2nd quarter. Great West Life Assurance Co. Can now owns 59,298 shares of the specialty retailer’s stock worth $839,000 after acquiring an additional 3,500 shares during the last quarter. Finally, Texas Permanent School Fund increased its holdings in Finish Line by 0.3% in the 2nd quarter. Texas Permanent School Fund now owns 29,462 shares of the specialty retailer’s stock worth $417,000 after acquiring an additional 96 shares during the last quarter. Institutional investors own 99.96% of the company’s stock.

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Finish Line Company Profile

The Finish Line, Inc is a specialty retailer. The Company is a retailer of athletic shoes, apparel and accessories for men, women and kids, throughout the United States and Puerto Rico. The Company operates through the Finish Line brand. Finish Line is a retailer of athletic shoes, apparel and accessories.

Earnings History and Estimates for Finish Line (NASDAQ:FINL)

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