Wall Street analysts predict that The Finish Line, Inc. (NASDAQ:FINL) will announce sales of $360.91 million for the current quarter, according to Zacks. Six analysts have made estimates for The Finish Line’s earnings, with the highest sales estimate coming in at $372.26 million and the lowest estimate coming in at $355.00 million. The Finish Line posted sales of $371.74 million in the same quarter last year, which suggests a negative year over year growth rate of 2.9%. The company is expected to issue its next earnings results on Wednesday, December 20th.
On average, analysts expect that The Finish Line will report full-year sales of $360.91 million for the current financial year, with estimates ranging from $1.79 billion to $1.86 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.80 billion per share, with estimates ranging from $1.72 billion to $1.86 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for The Finish Line.
The Finish Line (NASDAQ:FINL) last announced its quarterly earnings data on Friday, September 22nd. The specialty retailer reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The company had revenue of $469.40 million during the quarter, compared to the consensus estimate of $478.25 million. The Finish Line had a negative net margin of 2.13% and a positive return on equity of 5.44%. The company’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS.
Several analysts recently issued reports on FINL shares. BidaskClub raised shares of The Finish Line from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Bank of America downgraded shares of The Finish Line from a “neutral” rating to an “underperform” rating in a research report on Friday, August 18th. Jefferies Group set a $17.00 price target on shares of The Finish Line and gave the company a “buy” rating in a research report on Sunday, August 20th. Monness Crespi & Hardt downgraded shares of The Finish Line from a “buy” rating to a “neutral” rating in a research report on Monday, August 21st. Finally, UBS reissued a “sell” rating and issued a $9.00 price target (down previously from $14.00) on shares of The Finish Line in a research report on Monday, August 21st. Seven equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $10.70.
Large investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new position in The Finish Line during the 2nd quarter valued at $102,000. State of Alaska Department of Revenue lifted its stake in The Finish Line by 77.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 7,964 shares of the specialty retailer’s stock valued at $112,000 after acquiring an additional 3,464 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in The Finish Line by 7.4% during the 1st quarter. Public Employees Retirement System of Ohio now owns 9,465 shares of the specialty retailer’s stock valued at $135,000 after acquiring an additional 650 shares in the last quarter. Fernwood Investment Management LLC bought a new position in The Finish Line during the 3rd quarter valued at $120,000. Finally, FNY Managed Accounts LLC lifted its stake in The Finish Line by 5,100.0% during the 3rd quarter. FNY Managed Accounts LLC now owns 10,000 shares of the specialty retailer’s stock valued at $120,000 after acquiring an additional 10,200 shares in the last quarter. Institutional investors and hedge funds own 99.92% of the company’s stock.
Shares of The Finish Line (NASDAQ FINL) opened at $10.70 on Monday. The company has a market cap of $433.99, a P/E ratio of 17.54, a PEG ratio of 1.99 and a beta of 1.38. The Finish Line has a 52-week low of $6.90 and a 52-week high of $24.50.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend is Wednesday, November 22nd. The Finish Line’s dividend payout ratio (DPR) is presently -45.83%.
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The Finish Line Company Profile
The Finish Line, Inc is a specialty retailer. The Company is a retailer of athletic shoes, apparel and accessories for men, women and kids, throughout the United States and Puerto Rico. The Company operates through the Finish Line brand. Finish Line is a retailer of athletic shoes, apparel and accessories.
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