Brokerages expect Lumber Liquidators Holdings Inc (NYSE:LL) to announce sales of $273.55 million for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Lumber Liquidators’ earnings, with the highest sales estimate coming in at $276.80 million and the lowest estimate coming in at $268.32 million. Lumber Liquidators reported sales of $268.92 million during the same quarter last year, which indicates a positive year over year growth rate of 1.7%. The business is scheduled to issue its next quarterly earnings results on Monday, March 16th.
On average, analysts expect that Lumber Liquidators will report full year sales of $1.09 billion for the current fiscal year, with estimates ranging from $1.09 billion to $1.10 billion. For the next financial year, analysts expect that the business will report sales of $1.14 billion, with estimates ranging from $1.12 billion to $1.16 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Lumber Liquidators.
Lumber Liquidators (NYSE:LL) last announced its quarterly earnings results on Wednesday, November 6th. The specialty retailer reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.12). Lumber Liquidators had a negative net margin of 5.85% and a positive return on equity of 2.90%. The company had revenue of $263.96 million during the quarter, compared to analyst estimates of $276.01 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis.
LL has been the topic of several recent research reports. Raymond James boosted their price target on Lumber Liquidators from $10.00 to $14.00 and gave the stock an “outperform” rating in a research report on Friday, September 13th. Zacks Investment Research raised shares of Lumber Liquidators from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 14th. Evercore ISI reiterated a “hold” rating on shares of Lumber Liquidators in a research note on Wednesday, August 7th. Finally, ValuEngine raised shares of Lumber Liquidators from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $11.14.
Several hedge funds and other institutional investors have recently made changes to their positions in LL. NEXT Financial Group Inc increased its position in Lumber Liquidators by 147.3% in the 3rd quarter. NEXT Financial Group Inc now owns 2,881 shares of the specialty retailer’s stock worth $28,000 after buying an additional 1,716 shares during the period. Point72 Hong Kong Ltd bought a new stake in Lumber Liquidators during the 2nd quarter valued at approximately $29,000. Advisory Services Network LLC bought a new stake in Lumber Liquidators during the 2nd quarter valued at approximately $82,000. Cubist Systematic Strategies LLC purchased a new position in Lumber Liquidators in the 2nd quarter worth approximately $112,000. Finally, Virtu Financial LLC purchased a new position in Lumber Liquidators in the 3rd quarter worth approximately $121,000. 74.81% of the stock is currently owned by institutional investors and hedge funds.
Shares of LL traded up $0.19 during midday trading on Friday, reaching $8.64. 31,964 shares of the company were exchanged, compared to its average volume of 1,029,864. Lumber Liquidators has a 1-year low of $6.59 and a 1-year high of $14.44. The stock has a 50-day moving average price of $9.16 and a 200-day moving average price of $9.81. The company has a current ratio of 1.48, a quick ratio of 0.19 and a debt-to-equity ratio of 1.24. The company has a market cap of $255.80 million, a price-to-earnings ratio of 15.14, a P/E/G ratio of 1.08 and a beta of 1.91.
About Lumber Liquidators
Lumber Liquidators Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hard-surface flooring, and hard-surface flooring enhancements and accessories. The company offers hardwood species, engineered hardwood, laminates, resilient vinyl flooring, waterproof vinyl plank, and porcelain tile; renewable flooring, and bamboo and cork products; and a selection of flooring enhancements and accessories, including moldings, noise-reducing underlay, adhesives, and flooring tools under the Bellawood brand.
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