Equities analysts forecast that 1-800-Flowers (NASDAQ:FLWS) will announce earnings of ($0.12) per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for 1-800-Flowers’ earnings. The lowest EPS estimate is ($0.14) and the highest is ($0.11). 1-800-Flowers reported earnings of ($0.17) per share in the same quarter last year, which indicates a positive year over year growth rate of 29.4%. The company is scheduled to report its next quarterly earnings report before the market opens on Tuesday, May 1st.
According to Zacks, analysts expect that 1-800-Flowers will report full-year earnings of $0.63 per share for the current fiscal year. For the next year, analysts anticipate that the company will post earnings of $0.54 per share, with EPS estimates ranging from $0.52 to $0.57. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow 1-800-Flowers.
1-800-Flowers (NASDAQ:FLWS) last issued its quarterly earnings data on Wednesday, January 31st. The specialty retailer reported $0.88 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.88. The business had revenue of $526.10 million for the quarter, compared to analyst estimates of $528.85 million. 1-800-Flowers had a return on equity of 9.34% and a net margin of 4.70%. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.93 EPS.
FLWS has been the topic of a number of research analyst reports. Cann reaffirmed a “sell” rating on shares of 1-800-Flowers in a report on Monday, March 19th. ValuEngine raised 1-800-Flowers from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Sidoti lowered 1-800-Flowers from a “buy” rating to a “neutral” rating in a report on Tuesday, February 27th. BidaskClub raised 1-800-Flowers from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 27th. Finally, Zacks Investment Research lowered 1-800-Flowers from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. 1-800-Flowers presently has a consensus rating of “Hold” and a consensus target price of $12.40.
In other 1-800-Flowers news, CEO Christopher G. Mccann sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $11.72, for a total value of $175,800.00. Following the completion of the sale, the chief executive officer now owns 965,626 shares in the company, valued at approximately $11,317,136.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James A. Cannavino sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $10.72, for a total value of $428,800.00. Following the completion of the sale, the director now owns 69,719 shares of the company’s stock, valued at approximately $747,387.68. The disclosure for this sale can be found here. Insiders sold a total of 72,000 shares of company stock worth $818,550 in the last ninety days. Insiders own 53.17% of the company’s stock.
Several hedge funds have recently made changes to their positions in FLWS. State Street Corp lifted its position in shares of 1-800-Flowers by 2.9% in the 2nd quarter. State Street Corp now owns 492,716 shares of the specialty retailer’s stock worth $4,806,000 after acquiring an additional 13,939 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of 1-800-Flowers by 7.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,581 shares of the specialty retailer’s stock worth $230,000 after acquiring an additional 1,723 shares during the period. Macquarie Group Ltd. bought a new stake in shares of 1-800-Flowers in the 3rd quarter worth approximately $556,000. Trexquant Investment LP bought a new stake in shares of 1-800-Flowers in the 3rd quarter worth approximately $274,000. Finally, Wells Fargo & Company MN lifted its position in shares of 1-800-Flowers by 57.8% in the 3rd quarter. Wells Fargo & Company MN now owns 34,000 shares of the specialty retailer’s stock worth $335,000 after acquiring an additional 12,449 shares during the period. Institutional investors own 34.16% of the company’s stock.
Shares of NASDAQ FLWS opened at $12.70 on Wednesday. The company has a current ratio of 1.92, a quick ratio of 1.60 and a debt-to-equity ratio of 0.29. The stock has a market cap of $819.61, a PE ratio of 29.53, a P/E/G ratio of 2.03 and a beta of 1.20. 1-800-Flowers has a 52 week low of $7.80 and a 52 week high of $13.10.
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1-800-Flowers.com, Inc, together with its subsidiaries, provides gourmet food and floral gifts for various occasions in the United States. It operates in three segments: Consumer Floral; Gourmet Food and Gift Baskets; and BloomNet Wire Service. The company offers a range of products, including fresh-cut flowers, floral and fruit arrangements and plants, gifts, popcorn, gourmet foods and gift baskets, cookies, chocolates, candies, wine, and gift-quality fruits, as well as balloons, candles, keepsake gifts, and plush stuffed animals.
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