Brokers Set Expectations for Lumber Liquidators Holdings Inc.’s FY2018 Earnings (LL)

Lumber Liquidators Holdings Inc. (NYSE:LL) – Investment analysts at Wedbush issued their FY2018 earnings estimates for shares of Lumber Liquidators Holdings in a research report issued on Monday. Wedbush analyst S. Basham forecasts that the brokerage will post earnings per share of $0.78 for the year. Wedbush has a “Neutral” rating and a $13.00 price target on the stock.

Several other equities analysts have also recently issued reports on the company. Goldman Sachs Group Inc. upgraded Lumber Liquidators Holdings from a “neutral” rating to a “buy” rating in a research report on Thursday, May 5th. Zacks Investment Research upgraded Lumber Liquidators Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, May 4th. Raymond James Financial Inc. restated a “market perform” rating on shares of Lumber Liquidators Holdings in a research report on Monday, June 20th. Vetr upgraded Lumber Liquidators Holdings from a “strong sell” rating to a “sell” rating and set a $11.67 price target on the stock in a research report on Wednesday, May 11th. Finally, Topeka Capital Markets initiated coverage on Lumber Liquidators Holdings in a research report on Monday, May 23rd. They issued a “sell” rating and a $9.00 price target on the stock. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $24.47.

Shares of Lumber Liquidators Holdings (NYSE:LL) traded down 11.07% during trading on Wednesday, reaching $15.10. The company’s stock had a trading volume of 4,213,403 shares. The company has a 50 day moving average price of $15.70 and a 200 day moving average price of $13.61. Lumber Liquidators Holdings has a 52 week low of $10.01 and a 52 week high of $21.74. The firm’s market capitalization is $409.23 million.

Lumber Liquidators Holdings (NYSE:LL) last issued its quarterly earnings results on Wednesday, July 27th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by $0.20. The business earned $238.10 million during the quarter, compared to the consensus estimate of $240.56 million. During the same quarter in the prior year, the company earned ($0.75) EPS. The company’s quarterly revenue was down 4.0% compared to the same quarter last year.

Lumber Liquidators Holdings, Inc (Lumber Liquidators) is a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The Company offers an assortment of exotic and domestic hardwood species, engineered hardwood, laminate and resilient vinyl flooring direct to the consumer.