Floor & Decor (NYSE:FND) Releases Q4 Earnings Guidance

Floor & Decor (NYSE:FND) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $0.17-0.18 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.16. The company issued revenue guidance of $387-389 million, compared to the consensus revenue estimate of $370.30 million.

Floor & Decor (NYSE:FND) traded up $1.17 during trading hours on Monday, reaching $48.14. The company’s stock had a trading volume of 667,300 shares, compared to its average volume of 987,600. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.18 and a current ratio of 1.33. Floor & Decor has a 52 week low of $29.37 and a 52 week high of $49.86.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.03. The business had revenue of $343.90 million during the quarter, compared to analyst estimates of $338.62 million. Floor & Decor had a return on equity of 26.39% and a net margin of 5.62%. The firm’s revenue was up 26.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.12 EPS. equities analysts forecast that Floor & Decor will post 0.67 earnings per share for the current fiscal year.

Several equities research analysts have recently issued reports on FND shares. BMO Capital Markets lifted their price target on Floor & Decor from $41.00 to $45.00 and gave the company a market perform rating in a report on Monday, November 6th. Zacks Investment Research upgraded Floor & Decor from a hold rating to a buy rating and set a $46.00 target price for the company in a report on Monday, November 6th. Jefferies Group boosted their target price on Floor & Decor from $38.00 to $42.00 and gave the stock a hold rating in a report on Friday, November 3rd. Wells Fargo & Co set a $45.00 target price on Floor & Decor and gave the stock a hold rating in a report on Monday, January 8th. Finally, Telsey Advisory Group restated an outperform rating and issued a $54.00 target price (up from $47.00) on shares of Floor & Decor in a report on Monday, January 8th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Floor & Decor has an average rating of Buy and an average price target of $45.13.

In other news, Director George Vincent West sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $37.90, for a total transaction of $1,895,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas V. Taylor sold 20,207 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $45.07, for a total value of $910,729.49. Following the transaction, the chief executive officer now owns 24,726 shares of the company’s stock, valued at $1,114,400.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,647,246 shares of company stock valued at $201,948,218.

ILLEGAL ACTIVITY WARNING: “Floor & Decor (NYSE:FND) Releases Q4 Earnings Guidance” was originally reported by BBNS and is the sole property of of BBNS. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The original version of this piece of content can be read at https://baseballnewssource.com/markets/floor-decor-fnd-releases-q4-earnings-guidance/1818814.html.

About Floor & Decor

Floor & Decor Holdings, Inc, formerly FDO Holdings, Inc, is a retailer of hard surface flooring and related accessories. The Company retails its products such as tile, stone, wood, marble, glass and decoratives. The Company has 72 stores across 17 states in the United States. The Company provides its products to customers, including professional installers and commercial businesses (Pro), Do it Yourself customers (DIY) and customers who buy the products for professional installation (Buy it Yourself or BIY).

Earnings History and Estimates for Floor & Decor (NYSE:FND)

Receive News & Ratings for Floor & Decor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Floor & Decor and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets


Leave a Reply

 
© 2006-2018 BBNS.