Equities analysts predict that Finish Line, Inc. (NASDAQ:FINL) will post earnings per share of $0.22 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Finish Line’s earnings, with the highest EPS estimate coming in at $0.26 and the lowest estimate coming in at $0.13. Finish Line reported earnings of $0.23 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 4.3%. The firm is scheduled to issue its next earnings results on Friday, June 22nd.
On average, analysts expect that Finish Line will report full year earnings of $0.70 per share for the current financial year, with EPS estimates ranging from $0.34 to $0.84. For the next fiscal year, analysts forecast that the company will post earnings of $0.64 per share, with EPS estimates ranging from $0.28 to $0.84. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Finish Line.
Finish Line (NASDAQ:FINL) last issued its earnings results on Thursday, March 29th. The specialty retailer reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.01. The firm had revenue of $561.30 million for the quarter, compared to the consensus estimate of $575.43 million. Finish Line had a net margin of 0.78% and a return on equity of 6.32%. The business’s revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.50 earnings per share.
Several research analysts have recently weighed in on FINL shares. BidaskClub cut shares of Finish Line from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Canaccord Genuity reissued a “hold” rating and set a $14.00 price objective on shares of Finish Line in a report on Monday, March 26th. Buckingham Research raised shares of Finish Line from an “underperform” rating to a “neutral” rating and decreased their price objective for the company from $10.00 to $7.00 in a report on Wednesday, February 21st. They noted that the move was a valuation call. B. Riley set a $13.00 price objective on shares of Finish Line and gave the company a “hold” rating in a report on Monday, March 26th. Finally, Citigroup raised shares of Finish Line from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $10.00 to $13.50 in a report on Tuesday, March 27th. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $11.53.
A number of hedge funds have recently made changes to their positions in FINL. Crossmark Global Holdings Inc. purchased a new stake in Finish Line during the third quarter valued at approximately $176,000. BNP Paribas Arbitrage SA increased its holdings in Finish Line by 25.9% during the third quarter. BNP Paribas Arbitrage SA now owns 44,947 shares of the specialty retailer’s stock valued at $541,000 after buying an additional 9,252 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in Finish Line by 27.3% during the third quarter. Municipal Employees Retirement System of Michigan now owns 25,960 shares of the specialty retailer’s stock valued at $312,000 after buying an additional 5,570 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Finish Line by 29.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 632,191 shares of the specialty retailer’s stock valued at $7,606,000 after buying an additional 144,124 shares during the last quarter. Finally, Mackenzie Financial Corp increased its holdings in Finish Line by 9.4% during the third quarter. Mackenzie Financial Corp now owns 349,361 shares of the specialty retailer’s stock valued at $4,203,000 after buying an additional 30,000 shares during the last quarter. 88.62% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ FINL traded down $0.03 during midday trading on Friday, hitting $13.51. The stock had a trading volume of 1,452,772 shares, compared to its average volume of 2,827,320. The company has a market cap of $544.80, a PE ratio of 19.58, a P/E/G ratio of 1.80 and a beta of 0.89. Finish Line has a 52 week low of $6.90 and a 52 week high of $16.38.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 19th. Shareholders of record on Friday, March 2nd were issued a dividend of $0.115 per share. This is a boost from Finish Line’s previous quarterly dividend of $0.11. This represents a $0.46 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend was Thursday, March 1st. Finish Line’s dividend payout ratio is currently 66.67%.
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Finish Line Company Profile
The Finish Line, Inc, together with its subsidiaries, operates as a retailer of athletic shoes, apparel, and accessories for men, women, and kids in the United States. The company offers athletic shoes, as well as an assortment of apparel and accessories of Nike, Brand Jordan, adidas, Under Armour, Puma, and other brands.
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