Floor & Decor (NYSE:FND) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.25-0.26 for the period, compared to the Thomson Reuters consensus estimate of $0.29. The company issued revenue guidance of $520-527 million, compared to the consensus revenue estimate of $522.12 million.Floor & Decor also updated its FY 2019 guidance to $1.09-1.12 EPS.
Several equities analysts have issued reports on the company. Citigroup dropped their price objective on Floor & Decor from $51.00 to $50.00 and set a buy rating on the stock in a report on Friday. UBS Group dropped their price objective on Floor & Decor from $55.00 to $51.00 and set a buy rating on the stock in a report on Friday. Wedbush reaffirmed an in-line rating and set a $48.00 price objective (up previously from $43.00) on shares of Floor & Decor in a report on Thursday, April 25th. Telsey Advisory Group reaffirmed a market perform rating and set a $42.00 price objective (down previously from $44.00) on shares of Floor & Decor in a report on Friday, May 3rd. Finally, Goldman Sachs Group assumed coverage on Floor & Decor in a report on Thursday, July 11th. They set a neutral rating and a $45.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $43.64.
NYSE:FND traded up $7.60 during mid-day trading on Friday, reaching $43.96. The stock had a trading volume of 3,430,477 shares, compared to its average volume of 914,057. The company has a quick ratio of 0.23, a current ratio of 1.32 and a debt-to-equity ratio of 1.33. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 45.32, a price-to-earnings-growth ratio of 1.39 and a beta of 2.13. Floor & Decor has a twelve month low of $23.30 and a twelve month high of $48.72. The firm’s 50 day moving average price is $40.88.
Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.04. The firm had revenue of $520.31 million during the quarter, compared to the consensus estimate of $510.73 million. Floor & Decor had a net margin of 6.35% and a return on equity of 18.95%. The firm’s revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 earnings per share. On average, equities research analysts forecast that Floor & Decor will post 1.11 earnings per share for the current year.
In related news, CEO Thomas V. Taylor sold 62,029 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $43.66, for a total value of $2,708,186.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George Vincent West sold 15,077 shares of the firm’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $42.03, for a total transaction of $633,686.31. Following the completion of the sale, the director now owns 15,077 shares of the company’s stock, valued at approximately $633,686.31. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,319,404 shares of company stock valued at $56,264,277. 7.00% of the stock is owned by 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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