Floor & Decor Holdings, Inc. (NYSE:FND) Expected to Post Earnings of $0.73 Per Share

Wall Street brokerages predict that Floor & Decor Holdings, Inc. (NYSE:FNDGet Rating) will announce earnings per share of $0.73 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Floor & Decor’s earnings, with the highest EPS estimate coming in at $0.76 and the lowest estimate coming in at $0.69. Floor & Decor also reported earnings per share of $0.73 during the same quarter last year. The firm is scheduled to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Floor & Decor will report full year earnings of $2.89 per share for the current year, with EPS estimates ranging from $2.68 to $2.98. For the next financial year, analysts forecast that the business will report earnings of $3.73 per share, with EPS estimates ranging from $3.50 to $3.90. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for Floor & Decor.

Floor & Decor (NYSE:FNDGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1 billion. Floor & Decor had a net margin of 7.57% and a return on equity of 20.21%. The business’s revenue was up 31.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS.

FND has been the topic of several analyst reports. Wedbush dropped their target price on shares of Floor & Decor from $130.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, May 6th. Loop Capital decreased their price target on shares of Floor & Decor from $135.00 to $105.00 and set a “hold” rating for the company in a report on Monday, February 28th. TheStreet cut shares of Floor & Decor from a “b” rating to a “c+” rating in a report on Tuesday, March 22nd. Robert W. Baird decreased their price target on shares of Floor & Decor from $130.00 to $110.00 in a report on Monday, May 2nd. Finally, Gordon Haskett cut shares of Floor & Decor from a “buy” rating to an “accumulate” rating in a report on Friday, May 6th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $123.23.

In other news, Director William T. Giles acquired 2,000 shares of Floor & Decor stock in a transaction dated Tuesday, March 1st. The stock was acquired at an average cost of $96.00 per share, for a total transaction of $192,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of the company. UBS Asset Management Americas Inc. increased its position in Floor & Decor by 9.6% during the third quarter. UBS Asset Management Americas Inc. now owns 158,134 shares of the company’s stock worth $19,101,000 after acquiring an additional 13,889 shares during the period. CIBC Asset Management Inc increased its position in Floor & Decor by 3.0% during the fourth quarter. CIBC Asset Management Inc now owns 4,348 shares of the company’s stock worth $565,000 after acquiring an additional 125 shares during the period. Banco Santander S.A. bought a new position in Floor & Decor during the fourth quarter worth $1,863,000. Raymond James & Associates increased its position in Floor & Decor by 7.1% during the fourth quarter. Raymond James & Associates now owns 73,174 shares of the company’s stock worth $9,513,000 after acquiring an additional 4,862 shares during the period. Finally, Kestra Advisory Services LLC increased its position in Floor & Decor by 3.6% during the fourth quarter. Kestra Advisory Services LLC now owns 3,638 shares of the company’s stock worth $473,000 after acquiring an additional 127 shares during the period. Institutional investors and hedge funds own 96.48% of the company’s stock.

Shares of Floor & Decor stock traded up $1.04 during trading on Monday, hitting $69.67. The stock had a trading volume of 1,572,843 shares, compared to its average volume of 1,256,537. The stock has a 50 day simple moving average of $83.51 and a 200 day simple moving average of $103.86. The company has a market capitalization of $7.38 billion, a PE ratio of 27.00, a P/E/G ratio of 0.94 and a beta of 1.76. The company has a quick ratio of 0.26, a current ratio of 1.21 and a debt-to-equity ratio of 0.14. Floor & Decor has a 1 year low of $65.12 and a 1 year high of $145.89.

About Floor & Decor (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.

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

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