Zacks: Brokerages Anticipate Floor & Decor Holdings Inc (FND) Will Post Earnings of $0.18 Per Share

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Analysts expect that Floor & Decor Holdings Inc (NYSE:FND) will post earnings per share (EPS) of $0.18 for the current quarter, according to Zacks. Eight analysts have provided estimates for Floor & Decor’s earnings, with the highest EPS estimate coming in at $0.20 and the lowest estimate coming in at $0.16. Floor & Decor reported earnings of $0.19 per share during the same quarter last year, which suggests a negative year over year growth rate of 5.3%. The business is expected to report its next quarterly earnings report before the market opens on Thursday, February 21st.

According to Zacks, analysts expect that Floor & Decor will report full-year earnings of $0.95 per share for the current financial year, with EPS estimates ranging from $0.93 to $0.97. For the next financial year, analysts expect that the company will post earnings of $1.13 per share, with EPS estimates ranging from $1.06 to $1.33. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Floor & Decor.

Several analysts recently issued reports on FND shares. Morgan Stanley started coverage on shares of Floor & Decor in a research note on Monday, November 12th. They set an “equal weight” rating and a $33.00 price objective for the company. Loop Capital dropped their price objective on shares of Floor & Decor to $40.00 and set a “buy” rating for the company in a research note on Wednesday, January 16th. Telsey Advisory Group dropped their price objective on shares of Floor & Decor from $54.00 to $45.00 and set an “outperform” rating for the company in a research note on Monday, October 29th. UBS Group raised shares of Floor & Decor from a “neutral” rating to a “buy” rating and upped their price objective for the company from $29.00 to $37.00 in a research note on Friday, January 18th. Finally, Citigroup dropped their price objective on shares of Floor & Decor from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, December 3rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. Floor & Decor has a consensus rating of “Hold” and an average price target of $41.06.

Shares of NYSE FND opened at $32.23 on Tuesday. Floor & Decor has a 12-month low of $23.30 and a 12-month high of $58.28. The stock has a market cap of $3.15 billion, a P/E ratio of 46.71, a price-to-earnings-growth ratio of 1.14 and a beta of 1.64. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.50 and a quick ratio of 0.26.

In other news, Director George Vincent West sold 20,000 shares of the stock in a transaction that occurred on Friday, January 25th. The shares were sold at an average price of $33.01, for a total value of $660,200.00. Following the completion of the sale, the director now owns 20,000 shares of the company’s stock, valued at approximately $660,200. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last three months, insiders sold 185,000 shares of company stock valued at $5,867,000. Corporate insiders own 8.20% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Floor & Decor during the 4th quarter worth approximately $26,000. Cornerstone Advisors Inc. boosted its position in shares of Floor & Decor by 42.2% during the 4th quarter. Cornerstone Advisors Inc. now owns 1,398 shares of the company’s stock worth $36,000 after purchasing an additional 415 shares during the period. We Are One Seven LLC purchased a new position in shares of Floor & Decor during the 4th quarter worth approximately $51,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Floor & Decor by 62.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,142 shares of the company’s stock worth $107,000 after purchasing an additional 1,589 shares during the period. Finally, TLP Group LLC purchased a new position in shares of Floor & Decor during the 3rd quarter worth approximately $138,000.

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, 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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