Floor & Decor (NYSE:FND) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.09-1.12 for the period, compared to the Thomson Reuters consensus estimate of $1.10. The company issued revenue guidance of $2.06-2.075 billion, compared to the consensus revenue estimate of $2.04 billion.Floor & Decor also updated its FY 2019 guidance to $1.09-1.12 EPS.
FND traded up $7.60 during trading on Friday, hitting $43.96. 3,430,477 shares of the stock were exchanged, compared to its average volume of 914,057. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 45.32, a P/E/G ratio of 1.39 and a beta of 2.13. Floor & Decor has a 1-year low of $23.30 and a 1-year high of $48.72. The company’s fifty day simple moving average is $40.88. The company has a quick ratio of 0.23, a current ratio of 1.32 and a debt-to-equity ratio of 1.33.
Floor & Decor (NYSE:FND) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. The company had revenue of $520.31 million for the quarter, compared to analyst estimates of $510.73 million. Floor & Decor had a return on equity of 18.95% and a net margin of 6.35%. The firm’s revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 earnings per share. On average, analysts forecast that Floor & Decor will post 1.11 EPS for the current fiscal year.
Several research analysts have weighed in on FND shares. Longbow Research downgraded Floor & Decor from a buy rating to a neutral rating and set a $46.51 target price on the stock. in a research note on Monday, April 15th. Citigroup lowered their target price on Floor & Decor from $51.00 to $50.00 and set a buy rating on the stock in a research note on Friday. Goldman Sachs Group started coverage on Floor & Decor in a research note on Thursday, July 11th. They issued a neutral rating and a $45.00 target price on the stock. Stephens started coverage on Floor & Decor in a research note on Tuesday, April 23rd. They issued a weight rating and a $56.00 target price on the stock. Finally, Zacks Investment Research upgraded Floor & Decor from a sell rating to a hold rating in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. Floor & Decor currently has an average rating of Hold and an average target price of $43.64.
In other news, Director George Vincent West sold 150,000 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $43.95, for a total value of $6,592,500.00. Following the completion of the transaction, the director now directly owns 150,000 shares of the company’s stock, valued at $6,592,500. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Thomas V. Taylor sold 60,729 shares of the business’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $43.66, for a total value of $2,651,428.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,319,404 shares of company stock worth $56,264,277. 7.00% of the stock is owned by company insiders.
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, vinyl, 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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