Brokerages Expect Lumber Liquidators Holdings Inc (LL) to Announce $0.09 Earnings Per Share

Equities research analysts expect Lumber Liquidators Holdings Inc (NYSE:LL) to report earnings per share of $0.09 for the current quarter, Zacks reports. Six analysts have made estimates for Lumber Liquidators’ earnings, with the highest EPS estimate coming in at $0.16 and the lowest estimate coming in at $0.03. Lumber Liquidators posted earnings of ($0.20) per share during the same quarter last year, which indicates a positive year over year growth rate of 145%. The business is expected to report its next quarterly earnings report on Tuesday, February 20th.

According to Zacks, analysts expect that Lumber Liquidators will report full-year earnings of ($1.33) per share for the current year, with EPS estimates ranging from ($1.38) to ($1.27). For the next financial year, analysts forecast that the firm will report earnings of $0.81 per share, with EPS estimates ranging from $0.47 to $1.12. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Lumber Liquidators.

LL has been the topic of several research analyst reports. Morgan Stanley boosted their price target on shares of Lumber Liquidators from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Monday, October 2nd. Oppenheimer reiterated an “outperform” rating and issued a $43.00 price target on shares of Lumber Liquidators in a research note on Wednesday, October 4th. Zacks Investment Research cut shares of Lumber Liquidators from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Piper Jaffray Companies set a $32.00 price target on shares of Lumber Liquidators and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Finally, Wedbush set a $39.00 price target on shares of Lumber Liquidators and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $30.89.

Lumber Liquidators (NYSE LL) opened at $31.02 on Wednesday. The firm has a market cap of $883.61, a price-to-earnings ratio of -18.91, a P/E/G ratio of 1.43 and a beta of 2.05. The company has a quick ratio of 0.21, a current ratio of 1.84 and a debt-to-equity ratio of 0.17. Lumber Liquidators has a 1-year low of $14.99 and a 1-year high of $41.33.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Piedmont Investment Advisors LLC purchased a new stake in shares of Lumber Liquidators during the 3rd quarter valued at about $241,000. Engineers Gate Manager LP purchased a new stake in shares of Lumber Liquidators during the 3rd quarter valued at about $1,860,000. WINTON GROUP Ltd purchased a new stake in shares of Lumber Liquidators during the 3rd quarter valued at about $2,317,000. Wells Fargo & Company MN raised its position in shares of Lumber Liquidators by 29.5% during the 3rd quarter. Wells Fargo & Company MN now owns 28,438 shares of the specialty retailer’s stock valued at $1,109,000 after buying an additional 6,481 shares in the last quarter. Finally, Systematic Financial Management LP purchased a new stake in shares of Lumber Liquidators during the 3rd quarter valued at about $421,000. Hedge funds and other institutional investors own 78.86% of the company’s stock.

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About Lumber Liquidators

Lumber Liquidators Holdings, Inc is a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The Company offers hardwood species, engineered hardwood, laminate and resilient vinyl flooring direct to the consumer. Its product categories include Solid and Engineered Hardwood; Laminate; Bamboo, Cork, Vinyl Plank and Other, Moldings and Accessories, and Non-Merchandise Services.

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

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