Zacks: Brokerages Expect Floor & Decor Holdings, Inc. (NYSE:FND) Will Post Earnings of $0.57 Per Share

Wall Street brokerages forecast that Floor & Decor Holdings, Inc. (NYSE:FND) will report earnings per share of $0.57 for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Floor & Decor’s earnings. The lowest EPS estimate is $0.48 and the highest is $0.74. Floor & Decor reported earnings of $0.56 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 1.8%. The business is expected to issue its next quarterly earnings report on Thursday, November 4th.

According to Zacks, analysts expect that Floor & Decor will report full year earnings of $2.49 per share for the current fiscal year, with EPS estimates ranging from $2.35 to $2.86. For the next financial year, analysts anticipate that the firm will report earnings of $2.88 per share, with EPS estimates ranging from $2.67 to $3.10. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Floor & Decor.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Thursday, August 5th. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.11. The firm had revenue of $860.11 million during the quarter, compared to analyst estimates of $850.09 million. Floor & Decor had a net margin of 9.33% and a return on equity of 24.89%.

A number of brokerages recently issued reports on FND. Morgan Stanley boosted their price objective on Floor & Decor from $115.00 to $125.00 and gave the company an “equal weight” rating in a research note on Monday, August 9th. Robert W. Baird boosted their price objective on Floor & Decor from $130.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, August 6th. Barclays boosted their price objective on Floor & Decor from $125.00 to $135.00 and gave the company an “overweight” rating in a research note on Friday, August 6th. Zacks Investment Research downgraded Floor & Decor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 10th. Finally, The Goldman Sachs Group upped their price target on Floor & Decor from $133.00 to $147.00 and gave the stock a “buy” rating in a research note on Friday, August 6th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $123.19.

Shares of NYSE:FND opened at $118.99 on Thursday. The stock has a 50 day moving average of $122.18 and a 200 day moving average of $111.55. The company has a market cap of $12.52 billion, a PE ratio of 44.57, a price-to-earnings-growth ratio of 1.53 and a beta of 1.87. The company has a current ratio of 1.35, a quick ratio of 0.56 and a debt-to-equity ratio of 0.17. Floor & Decor has a 12-month low of $69.39 and a 12-month high of $132.07.

In other news, EVP Steven Alan Denny sold 2,510 shares of the business’s stock in a transaction dated Thursday, September 30th. The shares were sold at an average price of $122.61, for a total value of $307,751.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP David Victor Christopherson sold 2,145 shares of the business’s stock in a transaction dated Monday, August 9th. The stock was sold at an average price of $118.99, for a total transaction of $255,233.55. Following the completion of the sale, the executive vice president now owns 45,820 shares in the company, valued at $5,452,121.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 390,100 shares of company stock worth $47,612,766. 3.20% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Scout Investments Inc. boosted its stake in shares of Floor & Decor by 5.9% during the 3rd quarter. Scout Investments Inc. now owns 200,867 shares of the company’s stock worth $24,263,000 after purchasing an additional 11,108 shares during the period. Koshinski Asset Management Inc. purchased a new position in shares of Floor & Decor during the 3rd quarter worth about $86,000. McElhenny Sheffield Capital Management LLC purchased a new position in shares of Floor & Decor during the 3rd quarter worth about $1,148,000. Symphony Financial Ltd. Co. purchased a new position in shares of Floor & Decor during the 3rd quarter worth about $389,000. Finally, Harbor Investment Advisory LLC purchased a new position in shares of Floor & Decor during the 3rd quarter worth about $94,000. 95.75% of the stock is owned by hedge funds and other institutional investors.

About Floor & Decor

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.

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