Floor & Decor (FND) Set to Announce Earnings on Thursday

Floor & Decor (NYSE:FNDGet Rating) is scheduled to be releasing its earnings data after the market closes on Thursday, May 5th. Analysts expect Floor & Decor to post earnings of $0.65 per share for the quarter. Floor & Decor has set its FY 2022 guidance at $2.750-$3.000 EPS and its FY22 guidance at $2.75-3.00 EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Floor & Decor (NYSE:FNDGet Rating) last issued its quarterly earnings data on Thursday, February 24th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.02). Floor & Decor had a net margin of 8.25% and a return on equity of 21.65%. The company had revenue of $914.30 million during the quarter, compared to analysts’ expectations of $911.34 million. During the same quarter in the prior year, the company earned $0.47 earnings per share. The firm’s revenue was up 26.3% compared to the same quarter last year. On average, analysts expect Floor & Decor to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of NYSE:FND opened at $80.97 on Thursday. The company has a quick ratio of 0.26, a current ratio of 1.23 and a debt-to-equity ratio of 0.15. Floor & Decor has a 52-week low of $77.85 and a 52-week high of $145.89. The stock’s fifty day simple moving average is $89.63 and its 200-day simple moving average is $110.84. The company has a market capitalization of $8.57 billion, a P/E ratio of 30.79, a P/E/G ratio of 1.13 and a beta of 1.87.

In other news, Director William T. Giles purchased 2,000 shares of the company’s stock in a transaction on Tuesday, March 1st. The stock was bought at an average cost of $96.00 per share, for a total transaction of $192,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Harbour Investments Inc. acquired a new stake in shares of Floor & Decor in the fourth quarter valued at about $126,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Floor & Decor in the fourth quarter valued at about $253,000. CWA Asset Management Group LLC acquired a new stake in shares of Floor & Decor in the fourth quarter valued at about $253,000. NEXT Financial Group Inc grew its stake in shares of Floor & Decor by 74.8% in the fourth quarter. NEXT Financial Group Inc now owns 4,005 shares of the company’s stock valued at $521,000 after buying an additional 1,714 shares in the last quarter. Finally, Guggenheim Capital LLC grew its stake in shares of Floor & Decor by 2.6% in the fourth quarter. Guggenheim Capital LLC now owns 5,364 shares of the company’s stock valued at $698,000 after buying an additional 134 shares in the last quarter. Institutional investors and hedge funds own 98.20% of the company’s stock.

Several brokerages have recently issued reports on FND. Jefferies Financial Group reduced their price objective on Floor & Decor from $150.00 to $146.00 and set a “buy” rating on the stock in a research report on Thursday, March 17th. Robert W. Baird reduced their target price on Floor & Decor from $160.00 to $130.00 in a research report on Friday, February 25th. Zacks Investment Research upgraded Floor & Decor from a “sell” rating to a “hold” rating in a research report on Thursday, January 20th. Morgan Stanley reduced their target price on Floor & Decor from $130.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 18th. Finally, TheStreet downgraded Floor & Decor from a “b” rating to a “c+” rating in a research report on Tuesday, March 22nd. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Floor & Decor presently has a consensus rating of “Buy” and a consensus price target of $129.93.

Floor & Decor Company Profile (Get Rating)

Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer and commercial flooring distributor 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.

Further Reading

Earnings History for Floor & Decor (NYSE:FND)

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