$264.85 Million in Sales Expected for Lumber Liquidators Holdings Inc (LL) This Quarter

Equities analysts predict that Lumber Liquidators Holdings Inc (NYSE:LL) will post sales of $264.85 million for the current quarter, according to Zacks. Six analysts have issued estimates for Lumber Liquidators’ earnings, with the highest sales estimate coming in at $266.87 million and the lowest estimate coming in at $261.24 million. Lumber Liquidators posted sales of $244.90 million during the same quarter last year, which would indicate a positive year over year growth rate of 8.1%. The business is scheduled to report its next quarterly earnings results on Tuesday, February 20th.

On average, analysts expect that Lumber Liquidators will report full year sales of $264.85 million for the current financial year, with estimates ranging from $1.03 billion to $1.04 billion. For the next fiscal year, analysts expect that the business will report sales of $1.11 billion per share, with estimates ranging from $1.10 billion to $1.12 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Lumber Liquidators.

Lumber Liquidators (NYSE:LL) last announced its earnings results on Tuesday, October 31st. The specialty retailer reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.04. The company had revenue of $257.19 million during the quarter, compared to the consensus estimate of $261.59 million. Lumber Liquidators had a negative net margin of 4.57% and a negative return on equity of 2.39%.

Several brokerages have recently commented on LL. Oppenheimer set a $43.00 target price on shares of Lumber Liquidators and gave the company a “buy” rating in a report on Tuesday, October 31st. Zacks Investment Research upgraded shares of Lumber Liquidators from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Wednesday, November 1st. Stifel Nicolaus restated a “hold” rating and set a $33.00 price objective on shares of Lumber Liquidators in a report on Wednesday, November 1st. Piper Jaffray Companies set a $34.00 price objective on shares of Lumber Liquidators and gave the stock a “neutral” rating in a report on Wednesday, November 1st. Finally, Wedbush set a $39.00 price objective on shares of Lumber Liquidators and gave the stock a “buy” rating in a report on Wednesday, October 25th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $30.89.

Shares of Lumber Liquidators (LL) traded down $0.89 during mid-day trading on Monday, hitting $27.05. 1,293,657 shares of the stock traded hands, compared to its average volume of 722,525. The stock has a market capitalization of $781.92, a P/E ratio of -16.63, a P/E/G ratio of 1.27 and a beta of 2.05. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.21 and a current ratio of 1.84. Lumber Liquidators has a 52 week low of $15.25 and a 52 week high of $41.33.

A number of hedge funds and other institutional investors have recently bought and sold shares of LL. Engineers Gate Manager LP boosted its position in Lumber Liquidators by 66.2% during the fourth quarter. Engineers Gate Manager LP now owns 79,324 shares of the specialty retailer’s stock worth $2,490,000 after purchasing an additional 31,604 shares during the period. Strs Ohio bought a new position in Lumber Liquidators during the fourth quarter worth about $872,000. Fox Run Management L.L.C. bought a new position in Lumber Liquidators during the fourth quarter worth about $499,000. Creative Planning boosted its position in Lumber Liquidators by 53.8% during the fourth quarter. Creative Planning now owns 18,505 shares of the specialty retailer’s stock worth $581,000 after purchasing an additional 6,474 shares during the period. Finally, Piedmont Investment Advisors LLC bought a new position in Lumber Liquidators during the third quarter worth about $241,000. Institutional investors and hedge funds own 79.00% of the company’s stock.

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Lumber Liquidators Company Profile

Lumber Liquidators Holdings, Inc is a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The Company offers hardwood species, engineered hardwood, laminate and resilient vinyl flooring direct to the consumer. Its product categories include Solid and Engineered Hardwood; Laminate; Bamboo, Cork, Vinyl Plank and Other, Moldings and Accessories, and Non-Merchandise Services.

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Earnings History and Estimates for Lumber Liquidators (NYSE:LL)

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