$0.30 EPS Expected for Floor & Decor Holdings Inc (NYSE:FND) This Quarter

Wall Street brokerages expect Floor & Decor Holdings Inc (NYSE:FND) to report $0.30 earnings per share for the current quarter, Zacks reports. Seven analysts have issued estimates for Floor & Decor’s earnings, with estimates ranging from $0.30 to $0.31. Floor & Decor reported earnings per share of $0.27 during the same quarter last year, which would indicate a positive year over year growth rate of 11.1%. The company is scheduled to report its next quarterly earnings report on Thursday, August 1st.

According to Zacks, analysts expect that Floor & Decor will report full year earnings of $1.10 per share for the current financial year, with EPS estimates ranging from $1.06 to $1.12. For the next year, analysts anticipate that the business will report earnings of $1.37 per share, with EPS estimates ranging from $1.32 to $1.41. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Floor & Decor.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, May 2nd. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The firm had revenue of $477.05 million for the quarter, compared to analysts’ expectations of $480.17 million. Floor & Decor had a return on equity of 18.19% and a net margin of 6.45%. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.26 EPS.

Several equities research analysts have commented on FND shares. Robert W. Baird began coverage on Floor & Decor in a research note on Monday, March 4th. They issued an “outperform” rating and a $48.00 target price on the stock. Wells Fargo & Co reaffirmed an “outperform” rating and set a $54.00 price target (up previously from $45.00) on shares of Floor & Decor in a research report on Wednesday, April 24th. Stephens began coverage on Floor & Decor in a research report on Tuesday, April 23rd. They set a “weight” rating and a $56.00 price target on the stock. TheStreet raised Floor & Decor from a “d+” rating to a “c” rating in a research report on Friday, March 1st. Finally, Zacks Investment Research lowered Floor & Decor from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company’s stock. Floor & Decor presently has a consensus rating of “Hold” and a consensus price target of $43.08.

NYSE FND opened at $41.90 on Friday. The company has a market cap of $3.86 billion, a PE ratio of 43.20, a price-to-earnings-growth ratio of 1.50 and a beta of 2.08. The company has a 50 day moving average price of $38.99. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.32 and a quick ratio of 0.23. Floor & Decor has a 52 week low of $23.30 and a 52 week high of $52.38.

In related news, Director George Vincent West sold 564,871 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $42.69, for a total value of $24,114,342.99. Following the completion of the sale, the director now directly owns 150,000 shares in the company, valued at approximately $6,403,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Lisa Laube sold 70,000 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $48.00, for a total value of $3,360,000.00. Following the completion of the sale, the chief marketing officer now owns 111,087 shares of the company’s stock, valued at $5,332,176. The disclosure for this sale can be found here. Insiders have sold a total of 979,972 shares of company stock worth $42,378,980 over the last three months. 7.00% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zions Bancorporation N.A. bought a new stake in Floor & Decor in the 1st quarter valued at $32,000. Captrust Financial Advisors boosted its stake in Floor & Decor by 99.4% in the 4th quarter. Captrust Financial Advisors now owns 1,715 shares of the company’s stock valued at $44,000 after purchasing an additional 855 shares during the period. Stephens Inc. AR bought a new stake in Floor & Decor in the 1st quarter valued at $86,000. Neuburgh Advisers LLC bought a new stake in Floor & Decor in the 4th quarter valued at $121,000. Finally, Citigroup Inc. boosted its stake in Floor & Decor by 38.5% in the 4th quarter. Citigroup Inc. now owns 4,901 shares of the company’s stock valued at $127,000 after purchasing an additional 1,363 shares during the period.

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

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