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.

LL has been the subject of several research analyst reports. Zacks Investment Research lowered Lumber Liquidators from a “hold” rating to a “sell” rating in a research report on Wednesday, July 4th. TheStreet upgraded Lumber Liquidators from a “d+” rating to a “c-” rating in a research report on Tuesday, July 3rd. Loop Capital set a $25.00 price target on Lumber Liquidators and gave the stock a “buy” rating in a research report on Tuesday, July 31st. ValuEngine lowered Lumber Liquidators from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 31st. Finally, Stifel Nicolaus reduced their price objective on Lumber Liquidators from $22.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $22.73.

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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Earnings History and Estimates for Lumber Liquidators (NYSE:LL)

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