Wedbush Comments on Lumber Liquidators Holdings Inc’s FY2019 Earnings (NYSE:LL)

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Lumber Liquidators Holdings Inc (NYSE:LL) – Wedbush issued their FY2019 earnings per share (EPS) estimates for shares of Lumber Liquidators in a research note issued to investors on Wednesday, December 4th. Wedbush analyst S. Basham forecasts that the specialty retailer will post earnings per share of $0.24 for the year. Wedbush also issued estimates for Lumber Liquidators’ FY2020 earnings at $0.51 EPS and FY2021 earnings at $0.68 EPS.

LL has been the subject of a number of other reports. ValuEngine upgraded shares of Lumber Liquidators from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Raymond James boosted their target price on shares of Lumber Liquidators from $10.00 to $14.00 and gave the company an “outperform” rating in a research report on Friday, September 13th. Finally, Zacks Investment Research downgraded shares of Lumber Liquidators from a “hold” rating to a “strong sell” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $11.14.

NYSE LL opened at $9.53 on Monday. The company has a market capitalization of $263.56 million, a PE ratio of 16.72, a P/E/G ratio of 1.45 and a beta of 1.91. The company has a fifty day moving average of $9.09 and a 200 day moving average of $9.74. Lumber Liquidators has a 1 year low of $6.59 and a 1 year high of $14.44. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.48 and a quick ratio of 0.19.

Lumber Liquidators (NYSE:LL) last posted its earnings results on Wednesday, November 6th. The specialty retailer reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.12). The business had revenue of $263.96 million for the quarter, compared to analyst estimates of $276.01 million. Lumber Liquidators had a negative net margin of 5.85% and a positive return on equity of 2.90%. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 earnings per share.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LL. D. E. Shaw & Co. Inc. purchased a new position in Lumber Liquidators in the second quarter valued at $1,954,000. Nuveen Asset Management LLC purchased a new position in Lumber Liquidators in the second quarter valued at $1,931,000. Marshall Wace LLP purchased a new position in Lumber Liquidators in the second quarter valued at $1,910,000. Rice Hall James & Associates LLC purchased a new position in Lumber Liquidators in the second quarter valued at $1,484,000. Finally, Landscape Capital Management L.L.C. increased its holdings in Lumber Liquidators by 87.6% in the second quarter. Landscape Capital Management L.L.C. now owns 242,016 shares of the specialty retailer’s stock valued at $2,795,000 after buying an additional 113,005 shares in the last quarter. 74.85% of the stock is owned by institutional investors.

About Lumber Liquidators

Lumber Liquidators Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hard-surface flooring, and hard-surface flooring enhancements and accessories. The company offers hardwood species, engineered hardwood, laminates, resilient vinyl flooring, waterproof vinyl plank, and porcelain tile; renewable flooring, and bamboo and cork products; and a selection of flooring enhancements and accessories, including moldings, noise-reducing underlay, adhesives, and flooring tools under the Bellawood brand.

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

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