Zacks: Analysts Expect Finish Line Inc (FINL) to Announce $0.57 EPS
Wall Street brokerages expect that Finish Line Inc (NASDAQ:FINL) will report earnings per share of $0.57 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Finish Line’s earnings. The highest EPS estimate is $0.61 and the lowest is $0.52. Finish Line reported earnings of $0.50 per share in the same quarter last year, which would indicate a positive year over year growth rate of 14%. The firm is scheduled to announce its next earnings report on Friday, March 23rd.
According to Zacks, analysts expect that Finish Line will report full-year earnings of $0.64 per share for the current fiscal year, with EPS estimates ranging from $0.50 to $0.71. For the next year, analysts anticipate that the firm will post earnings of $0.71 per share, with EPS estimates ranging from $0.30 to $0.84. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that cover Finish Line.
Finish Line (NASDAQ:FINL) last announced its quarterly earnings data on Thursday, December 21st. The specialty retailer reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.10. Finish Line had a negative net margin of 0.62% and a positive return on equity of 5.43%. The business had revenue of $378.50 million during the quarter, compared to the consensus estimate of $361.46 million. During the same period in the previous year, the business earned ($0.24) earnings per share. The company’s revenue was up 1.8% on a year-over-year basis.
Several research analysts have commented on FINL shares. Susquehanna Bancshares downgraded shares of Finish Line from a “positive” rating to a “neutral” rating in a research report on Monday, October 2nd. Cowen set a $10.00 price objective on shares of Finish Line and gave the company a “hold” rating in a research report on Monday, October 23rd. Wells Fargo & Co lowered their price objective on shares of Finish Line from $12.00 to $9.00 and set a “market perform” rating for the company in a research report on Sunday, October 1st. Canaccord Genuity boosted their price objective on shares of Finish Line from $8.00 to $9.00 and gave the company a “hold” rating in a research report on Monday, September 25th. Finally, Morgan Stanley lowered their price target on shares of Finish Line from $13.50 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, September 13th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $11.29.
Finish Line (FINL) opened at $13.06 on Friday. Finish Line has a 1 year low of $6.90 and a 1 year high of $18.30. The company has a market cap of $524.93, a P/E ratio of 50.23, a price-to-earnings-growth ratio of 2.02 and a beta of 1.37.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Friday, November 24th were issued a $0.11 dividend. The ex-dividend date was Wednesday, November 22nd. This represents a $0.44 dividend on an annualized basis and a yield of 3.37%. Finish Line’s payout ratio is 169.23%.
A number of hedge funds and other institutional investors have recently bought and sold shares of FINL. SG Americas Securities LLC acquired a new stake in Finish Line in the second quarter valued at $102,000. Fernwood Investment Management LLC bought a new stake in Finish Line during the third quarter valued at $120,000. FNY Managed Accounts LLC boosted its position in Finish Line by 5,100.0% during the third quarter. FNY Managed Accounts LLC now owns 10,000 shares of the specialty retailer’s stock valued at $120,000 after acquiring an additional 10,200 shares during the last quarter. Eqis Capital Management Inc. bought a new stake in Finish Line during the third quarter valued at $124,000. Finally, Public Employees Retirement System of Ohio boosted its position in Finish Line by 15.9% during the second quarter. Public Employees Retirement System of Ohio now owns 10,969 shares of the specialty retailer’s stock valued at $155,000 after acquiring an additional 1,504 shares during the last quarter. Institutional investors and hedge funds own 99.96% of the company’s stock.
Finish Line Company Profile
The Finish Line, Inc is a specialty retailer. The Company is a retailer of athletic shoes, apparel and accessories for men, women and kids, throughout the United States and Puerto Rico. The Company operates through the Finish Line brand. Finish Line is a retailer of athletic shoes, apparel and accessories.
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