Floor & Decor Holdings Inc (FND) Expected to Announce Earnings of $0.22 Per Share

Analysts expect Floor & Decor Holdings Inc (NYSE:FND) to post $0.22 earnings per share (EPS) for the current quarter, according to Zacks. Eight analysts have issued estimates for Floor & Decor’s earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.23. Floor & Decor reported earnings of $0.17 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 29.4%. The firm is expected to report its next quarterly earnings results on Thursday, November 1st.

According to Zacks, analysts expect that Floor & Decor will report full-year earnings of $0.96 per share for the current year, with EPS estimates ranging from $0.94 to $0.97. For the next financial year, analysts expect that the company will report earnings of $1.21 per share, with EPS estimates ranging from $1.15 to $1.33. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Floor & Decor.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, August 2nd. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.02. Floor & Decor had a net margin of 9.10% and a return on equity of 19.93%. The company had revenue of $434.28 million for the quarter, compared to the consensus estimate of $436.17 million. During the same period in the prior year, the firm posted $0.20 EPS. Floor & Decor’s revenue for the quarter was up 26.2% on a year-over-year basis.

Several analysts recently commented on the stock. Telsey Advisory Group cut their price objective on shares of Floor & Decor from $60.00 to $54.00 and set an “outperform” rating on the stock in a research report on Friday, August 3rd. TheStreet downgraded shares of Floor & Decor from a “c-” rating to a “d+” rating in a research report on Friday, August 31st. ValuEngine raised shares of Floor & Decor from a “hold” rating to a “buy” rating in a report on Monday, June 11th. UBS Group dropped their price target on shares of Floor & Decor from $48.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday, August 3rd. Finally, Guggenheim began coverage on shares of Floor & Decor in a report on Wednesday, August 8th. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $48.44.

In other news, major shareholder Corporate Opportunities F. Ares sold 7,744,108 shares of the firm’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $37.00, for a total transaction of $286,531,996.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 8.20% of the company’s stock.

Several large investors have recently modified their holdings of FND. Strs Ohio bought a new position in shares of Floor & Decor in the 2nd quarter worth approximately $195,000. SG Americas Securities LLC bought a new position in shares of Floor & Decor in the 2nd quarter worth approximately $200,000. Pitcairn Co. bought a new position in shares of Floor & Decor in the 2nd quarter worth approximately $201,000. Oppenheimer & Co. Inc. bought a new position in shares of Floor & Decor in the 2nd quarter worth approximately $217,000. Finally, Rehmann Capital Advisory Group lifted its stake in shares of Floor & Decor by 37,708.3% in the 2nd quarter. Rehmann Capital Advisory Group now owns 4,537 shares of the company’s stock worth $224,000 after purchasing an additional 4,525 shares during the period.

FND stock traded down $0.13 during trading on Friday, hitting $28.58. 2,053,156 shares of the stock traded hands, compared to its average volume of 1,044,838. Floor & Decor has a 1 year low of $27.86 and a 1 year high of $58.28. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 41.42, a price-to-earnings-growth ratio of 1.26 and a beta of -1.52. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.21 and a current ratio of 1.50.

About Floor & Decor

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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