$575.11 Million in Sales Expected for Finish Line Inc (FINL) This Quarter

Brokerages expect Finish Line Inc (NASDAQ:FINL) to post $575.11 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Finish Line’s earnings. The highest sales estimate is $598.28 million and the lowest is $542.40 million. Finish Line reported sales of $557.45 million during the same quarter last year, which would suggest a positive year over year growth rate of 3.2%. The business is expected to announce its next quarterly earnings report before the market opens on Tuesday, April 3rd.

According to Zacks, analysts expect that Finish Line will report full-year sales of $575.11 million for the current financial year, with estimates ranging from $1.82 billion to $1.88 billion. For the next year, analysts expect that the company will post sales of $1.83 billion per share, with estimates ranging from $1.79 billion to $1.87 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Finish Line.

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Finish Line (NASDAQ:FINL) last posted its quarterly earnings results on Thursday, December 21st. The specialty retailer reported ($0.26) earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $378.50 million during the quarter, compared to analysts’ expectations of $361.46 million. During the same quarter in the previous year, the business earned ($0.24) earnings per share. The company’s revenue was up 1.8% on a year-over-year basis.

Several research analysts have recently weighed in on the company. BidaskClub cut Finish Line from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Buckingham Research upgraded Finish Line from an “underperform” rating to a “neutral” rating and decreased their price target for the stock from $10.00 to $7.00 in a research note on Wednesday, February 21st. They noted that the move was a valuation call. Susquehanna Bancshares upgraded Finish Line from a “neutral” rating to a “positive” rating and set a $14.00 price target for the company in a research note on Monday, February 26th. Cowen upgraded Finish Line from an “underperform” rating to a “hold” rating and set a $12.00 price target for the company in a research note on Thursday, December 21st. Finally, Canaccord Genuity set a $9.00 price target on Finish Line and gave the stock a “hold” rating in a research note on Wednesday, December 20th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the stock. Finish Line currently has a consensus rating of “Hold” and an average target price of $10.60.

Finish Line stock traded up $0.65 during mid-day trading on Friday, hitting $10.55. The stock had a trading volume of 1,026,684 shares, compared to its average volume of 1,323,208. Finish Line has a 52-week low of $6.90 and a 52-week high of $16.38. The stock has a market capitalization of $403.66, a PE ratio of -37.68, a P/E/G ratio of 1.35 and a beta of 1.16.

The business also recently declared a quarterly dividend, which was paid on Monday, March 19th. Shareholders of record on Friday, March 2nd were given a $0.115 dividend. This is a boost from Finish Line’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, March 1st. This represents a $0.46 dividend on an annualized basis and a yield of 4.36%. Finish Line’s dividend payout ratio is presently -164.28%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. ING Groep NV increased its position in Finish Line by 92.8% in the fourth quarter. ING Groep NV now owns 3,760,000 shares of the specialty retailer’s stock worth $54,633,000 after buying an additional 1,810,000 shares in the last quarter. State Street Corp increased its position in Finish Line by 6.5% in the second quarter. State Street Corp now owns 1,470,739 shares of the specialty retailer’s stock worth $20,840,000 after buying an additional 90,370 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Finish Line by 23.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 782,654 shares of the specialty retailer’s stock worth $11,372,000 after buying an additional 150,463 shares in the last quarter. Bank of New York Mellon Corp increased its position in Finish Line by 18.9% in the fourth quarter. Bank of New York Mellon Corp now owns 752,596 shares of the specialty retailer’s stock worth $10,936,000 after buying an additional 119,570 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in Finish Line by 3.3% in the third quarter. Prudential Financial Inc. now owns 462,090 shares of the specialty retailer’s stock worth $5,559,000 after buying an additional 14,900 shares in the last quarter. Institutional investors and hedge funds own 88.62% 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.

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

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