Brokerages predict that Floor & Decor Holdings Inc (NYSE:FND) will announce earnings per share (EPS) of $0.18 for the current quarter, according to Zacks. Eight analysts have issued estimates for Floor & Decor’s earnings, with the lowest EPS estimate coming in at $0.17 and the highest estimate coming in at $0.20. Floor & Decor posted earnings per share of $0.19 in the same quarter last year, which would suggest a negative year over year growth rate of 5.3%. The business is scheduled to report its next quarterly earnings report on Thursday, March 7th.
According to Zacks, analysts expect that Floor & Decor will report full-year earnings of $0.95 per share for the current financial year, with EPS estimates ranging from $0.94 to $0.97. For the next year, analysts expect that the business will report earnings of $1.15 per share, with EPS estimates ranging from $1.07 to $1.33. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Floor & Decor.
Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.02. The firm had revenue of $435.90 million during the quarter, compared to analysts’ expectations of $428.88 million. Floor & Decor had a net margin of 8.80% and a return on equity of 19.82%. The business’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.17 earnings per share.
A number of research analysts recently issued reports on FND shares. Bank of America upgraded shares of Floor & Decor from a “neutral” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Friday, November 2nd. ValuEngine cut shares of Floor & Decor from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. Zacks Investment Research upgraded shares of Floor & Decor from a “sell” rating to a “hold” rating in a report on Monday, November 26th. William Blair restated an “outperform” rating on shares of Floor & Decor in a report on Thursday, August 23rd. Finally, Wells Fargo & Co upgraded shares of Floor & Decor from a “market perform” rating to an “outperform” rating and reduced their price target for the company from $42.00 to $40.00 in a report on Friday, August 10th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Floor & Decor currently has a consensus rating of “Buy” and an average price target of $42.56.
In other news, major shareholder Corporate Opportunities F. Ares sold 7,744,108 shares of the business’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $37.00, for a total value of $286,531,996.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 8.20% of the stock is owned by corporate insiders.
Several hedge funds have recently made changes to their positions in FND. Vanguard Group Inc. raised its position in Floor & Decor by 24.6% during the third quarter. Vanguard Group Inc. now owns 4,502,767 shares of the company’s stock worth $135,848,000 after acquiring an additional 887,822 shares in the last quarter. FMR LLC raised its position in Floor & Decor by 269.4% during the third quarter. FMR LLC now owns 2,388,850 shares of the company’s stock worth $72,071,000 after acquiring an additional 1,742,131 shares in the last quarter. BlackRock Inc. raised its position in Floor & Decor by 16.3% during the third quarter. BlackRock Inc. now owns 2,172,254 shares of the company’s stock worth $65,538,000 after acquiring an additional 304,773 shares in the last quarter. Capital World Investors bought a new stake in Floor & Decor during the third quarter worth $63,810,000. Finally, Marshall Wace LLP bought a new stake in Floor & Decor during the third quarter worth $57,988,000.
Shares of NYSE FND opened at $32.25 on Tuesday. The company has a market cap of $3.14 billion, a P/E ratio of 33.62, a PEG ratio of 1.36 and a beta of 0.21. The company has a quick ratio of 0.26, a current ratio of 1.50 and a debt-to-equity ratio of 0.25. Floor & Decor has a 52-week low of $24.01 and a 52-week high of $58.28.
About Floor & Decor
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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