Floor & Decor (FND) Updates Q3 Earnings Guidance

Floor & Decor (NYSE:FND) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.21-0.23 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.23. The company issued revenue guidance of $427-433 million, compared to the consensus revenue estimate of $434.27 million.Floor & Decor also updated its FY18 guidance to $0.93-0.96 EPS.

FND stock traded down $8.18 during trading on Thursday, hitting $39.53. 7,499,600 shares of the company traded hands, compared to its average volume of 855,417. The stock has a market capitalization of $4.61 billion, a PE ratio of 59.42, a P/E/G ratio of 1.81 and a beta of -1.21. Floor & Decor has a 1 year low of $32.72 and a 1 year high of $58.28. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.47 and a quick ratio of 0.18.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, August 2nd. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. The company had revenue of $434.28 million during the quarter, compared to analysts’ expectations of $436.17 million. Floor & Decor had a return on equity of 20.20% and a net margin of 8.34%. Floor & Decor’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.20 EPS. analysts anticipate that Floor & Decor will post 1 EPS for the current year.

Several equities research analysts recently weighed in on FND shares. Stifel Nicolaus cut Floor & Decor from a buy rating to a hold rating and increased their target price for the company from $51.00 to $60.00 in a report on Wednesday, April 25th. They noted that the move was a valuation call. Barclays increased their target price on Floor & Decor from $55.00 to $60.00 and gave the company an overweight rating in a report on Thursday, April 26th. Wells Fargo & Co started coverage on Floor & Decor in a report on Monday, April 23rd. They set a market perform rating for the company. Bank of America cut Floor & Decor from a buy rating to a neutral rating and set a $60.00 target price for the company. in a report on Wednesday, April 11th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Floor & Decor from a hold rating to a buy rating and set a $55.00 target price for the company in a report on Wednesday, July 4th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Floor & Decor presently has a consensus rating of Buy and an average target price of $52.50.

In other Floor & Decor news, CEO Thomas V. Taylor sold 36,525 shares of the stock in a transaction that occurred on Monday, June 18th. The stock was sold at an average price of $55.03, for a total value of $2,009,970.75. Following the completion of the sale, the chief executive officer now owns 59,673 shares in the company, valued at approximately $3,283,805.19. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Corporate Opportunities F. Ares sold 6,734,007 shares of the stock in a transaction that occurred on Tuesday, May 29th. The stock was sold at an average price of $44.77, for a total value of $301,481,493.39. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,087,576 shares of company stock valued at $320,676,864. Company insiders own 8.20% of the company’s stock.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.

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Earnings History and Estimates for Floor & Decor (NYSE:FND)

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