Floor & Decor (FND) to Release Earnings on Thursday

Floor & Decor (NYSE:FND) is set to announce its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.45 per share for the quarter. Floor & Decor has set its FY24 guidance at $1.75 to $2.05 EPS and its FY 2024 guidance at 1.750-2.050 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.07. Floor & Decor had a net margin of 5.57% and a return on equity of 13.38%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the company posted $0.64 EPS. The company’s revenue was up .0% on a year-over-year basis. On average, analysts expect Floor & Decor to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Floor & Decor Trading Down 0.3 %

Shares of NYSE FND opened at $109.67 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.18 and a current ratio of 1.14. Floor & Decor has a 52-week low of $76.30 and a 52-week high of $135.67. The firm has a 50 day moving average price of $119.01 and a two-hundred day moving average price of $105.00. The stock has a market cap of $11.71 billion, a P/E ratio of 48.31, a price-to-earnings-growth ratio of 5.23 and a beta of 1.85.

Insider Buying and Selling

In other Floor & Decor news, CAO David Victor Christopherson sold 6,850 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $118.70, for a total value of $813,095.00. Following the transaction, the chief accounting officer now directly owns 25,271 shares of the company’s stock, valued at $2,999,667.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Floor & Decor news, Director Norman Axelrod sold 40,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $119.97, for a total value of $4,798,800.00. Following the transaction, the director now directly owns 226,080 shares of the company’s stock, valued at $27,122,817.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO David Victor Christopherson sold 6,850 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $118.70, for a total transaction of $813,095.00. Following the completion of the transaction, the chief accounting officer now directly owns 25,271 shares in the company, valued at $2,999,667.70. The disclosure for this sale can be found here. Insiders have sold a total of 90,867 shares of company stock valued at $11,016,089 over the last ninety days. 2.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on FND shares. Guggenheim upped their price target on shares of Floor & Decor from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Stifel Nicolaus decreased their price objective on shares of Floor & Decor from $115.00 to $110.00 and set a “hold” rating for the company in a research report on Monday, February 26th. Telsey Advisory Group increased their price objective on shares of Floor & Decor from $95.00 to $110.00 and gave the stock a “market perform” rating in a research report on Friday, February 23rd. Wells Fargo & Company cut shares of Floor & Decor from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $85.00 to $105.00 in a research report on Thursday, January 4th. Finally, UBS Group cut shares of Floor & Decor from a “buy” rating to a “neutral” rating and set a $135.00 price objective for the company. in a research report on Tuesday, March 5th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $110.19.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.