Lumber Liquidators Holdings Inc (LL) Expected to Announce Earnings of $0.18 Per Share
Wall Street brokerages forecast that Lumber Liquidators Holdings Inc (NYSE:LL) will post earnings of $0.18 per share for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Lumber Liquidators’ earnings, with the lowest EPS estimate coming in at $0.11 and the highest estimate coming in at $0.29. Lumber Liquidators reported earnings of $0.07 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 157.1%. The firm is expected to report its next earnings results on Tuesday, October 30th.
On average, analysts expect that Lumber Liquidators will report full-year earnings of $0.48 per share for the current year, with EPS estimates ranging from $0.35 to $0.73. For the next year, analysts anticipate that the company will post earnings of $1.03 per share, with EPS estimates ranging from $0.68 to $1.30. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Lumber Liquidators.
Lumber Liquidators (NYSE:LL) last released its quarterly earnings results on Tuesday, July 31st. The specialty retailer reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.23 by ($0.28). Lumber Liquidators had a positive return on equity of 3.24% and a negative net margin of 1.82%. The firm had revenue of $283.50 million for the quarter, compared to analysts’ expectations of $281.26 million. During the same quarter in the prior year, the business earned $0.16 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Northern Trust Corp raised its stake in shares of Lumber Liquidators by 2.9% in the second quarter. Northern Trust Corp now owns 372,589 shares of the specialty retailer’s stock valued at $9,072,000 after acquiring an additional 10,553 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Lumber Liquidators by 12.0% in the second quarter. Bank of New York Mellon Corp now owns 349,119 shares of the specialty retailer’s stock valued at $8,501,000 after acquiring an additional 37,437 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in shares of Lumber Liquidators in the second quarter valued at $127,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Lumber Liquidators in the second quarter valued at $220,000. Finally, Bank of America Corp DE raised its stake in shares of Lumber Liquidators by 239.5% in the second quarter. Bank of America Corp DE now owns 59,958 shares of the specialty retailer’s stock valued at $1,460,000 after acquiring an additional 42,297 shares in the last quarter. Institutional investors and hedge funds own 79.63% of the company’s stock.
Shares of LL traded up $0.17 during midday trading on Thursday, hitting $13.31. 12,356 shares of the stock were exchanged, compared to its average volume of 1,044,156. Lumber Liquidators has a 52-week low of $13.00 and a 52-week high of $36.85. The firm has a market cap of $442.84 million, a P/E ratio of -9.84, a P/E/G ratio of 1.17 and a beta of 1.38. The company has a quick ratio of 0.16, a current ratio of 1.73 and a debt-to-equity ratio of 0.18.
Lumber Liquidators Company Profile
Lumber Liquidators Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The company offers hardwood species, engineered hardwood, laminates, resilient vinyl flooring, and wood-look ceramic; 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 and Morning Star Bamboo brands.
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