Analysts Expect Floor & Decor Holdings Inc (FND) Will Announce Quarterly Sales of $512.11 Million

Wall Street analysts expect Floor & Decor Holdings Inc (NYSE:FND) to report $512.11 million in sales for the current quarter, according to Zacks. Seven analysts have made estimates for Floor & Decor’s earnings, with the lowest sales estimate coming in at $506.40 million and the highest estimate coming in at $516.17 million. Floor & Decor posted sales of $434.28 million in the same quarter last year, which would indicate a positive year over year growth rate of 17.9%. The business is expected to announce its next earnings report on Thursday, August 1st.

According to Zacks, analysts expect that Floor & Decor will report full year sales of $2.05 billion for the current fiscal year, with estimates ranging from $2.03 billion to $2.08 billion. For the next year, analysts anticipate that the firm will report sales of $2.52 billion, with estimates ranging from $2.49 billion to $2.58 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Floor & Decor.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Floor & Decor had a net margin of 6.45% and a return on equity of 18.19%. The company had revenue of $477.05 million for the quarter, compared to the consensus estimate of $480.17 million. During the same period in the previous year, the firm earned $0.26 EPS. Floor & Decor’s revenue was up 18.4% on a year-over-year basis.

A number of research firms recently commented on FND. Zacks Investment Research downgraded shares of Floor & Decor from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. Telsey Advisory Group reiterated a “market perform” rating and issued a $42.00 target price (down from $44.00) on shares of Floor & Decor in a report on Friday, May 3rd. Wedbush reiterated an “in-line” rating and issued a $48.00 target price (up from $43.00) on shares of Floor & Decor in a report on Thursday, April 25th. UBS Group boosted their target price on shares of Floor & Decor from $44.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, Wells Fargo & Co reiterated an “outperform” rating and issued a $54.00 target price (up from $45.00) on shares of Floor & Decor in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $43.08.

In other news, CMO Lisa Laube sold 70,000 shares of Floor & Decor stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $48.00, for a total value of $3,360,000.00. Following the transaction, the chief marketing officer now directly owns 111,087 shares of the company’s stock, valued at $5,332,176. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Felicia D. Thornton bought 2,600 shares of the company’s stock in a transaction dated Wednesday, February 27th. The stock was purchased at an average cost of $37.82 per share, for a total transaction of $98,332.00. Following the completion of the transaction, the director now owns 7,728 shares of the company’s stock, valued at $292,272.96. The disclosure for this purchase can be found here. Over the last three months, insiders sold 7,668,123 shares of company stock worth $292,988,420. 7.00% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Zions Bancorporation N.A. purchased a new position in shares of Floor & Decor in the first quarter worth approximately $32,000. Benjamin F. Edwards & Company Inc. purchased a new position in Floor & Decor during the fourth quarter valued at approximately $26,000. Cornerstone Advisors Inc. grew its position in Floor & Decor by 42.2% during the fourth quarter. Cornerstone Advisors Inc. now owns 1,398 shares of the company’s stock valued at $36,000 after purchasing an additional 415 shares in the last quarter. Captrust Financial Advisors grew its position in Floor & Decor by 99.4% during the fourth quarter. Captrust Financial Advisors now owns 1,715 shares of the company’s stock valued at $44,000 after purchasing an additional 855 shares in the last quarter. Finally, We Are One Seven LLC purchased a new position in Floor & Decor during the fourth quarter valued at approximately $51,000.

Shares of NYSE FND traded down $0.41 during midday trading on Thursday, reaching $40.90. The company’s stock had a trading volume of 1,213,501 shares, compared to its average volume of 1,255,014. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.32 and a quick ratio of 0.23. Floor & Decor has a one year low of $23.30 and a one year high of $55.86. The company has a market capitalization of $4.02 billion, a P/E ratio of 42.16, a PEG ratio of 1.56 and a beta of 1.78.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.

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Earnings History and Estimates for Floor & Decor (NYSE:FND)

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