Floor & Decor (FND) Updates FY18 Earnings Guidance

Floor & Decor (NYSE:FND) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.93-0.96 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.96. The company issued revenue guidance of $1.702-1.710 billion, compared to the consensus revenue estimate of $1.71 billion.Floor & Decor also updated its Q4 guidance to $0.16-0.19 EPS.

NYSE FND traded up $0.25 on Friday, reaching $31.98. The stock had a trading volume of 3,459,380 shares, compared to its average volume of 1,953,655. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.50 and a quick ratio of 0.21. Floor & Decor has a 1-year low of $24.01 and a 1-year high of $58.28. The firm has a market cap of $2.49 billion and a price-to-earnings ratio of 28.74.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. Floor & Decor had a return on equity of 19.93% and a net margin of 9.10%. The firm had revenue of $435.90 million for the quarter, compared to analyst estimates of $428.88 million. During the same period in the prior year, the firm posted $0.17 EPS. The company’s revenue for the quarter was up 26.8% on a year-over-year basis. On average, equities analysts anticipate that Floor & Decor will post 0.95 earnings per share for the current fiscal year.

FND has been the topic of a number of research reports. ValuEngine lowered Floor & Decor from a hold rating to a sell rating in a report on Wednesday, September 26th. Wells Fargo & Co raised Floor & Decor from a market perform rating to an outperform rating and decreased their price objective for the company from $42.00 to $40.00 in a report on Friday, August 10th. William Blair reaffirmed an outperform rating on shares of Floor & Decor in a report on Thursday, August 23rd. Zacks Investment Research lowered Floor & Decor from a hold rating to a sell rating in a report on Tuesday, October 23rd. Finally, Loop Capital increased their target price on Floor & Decor from $55.00 to $60.00 and gave the stock an average rating in a report on Monday, July 23rd. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $43.35.

In other news, major shareholder Corporate Opportunities F. Ares sold 7,744,108 shares of the stock in a transaction on Friday, September 14th. The stock was sold at an average price of $37.00, for a total transaction of $286,531,996.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 8.20% of the company’s stock.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.

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

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