$0.97 EPS Expected for 1-800-Flowers.Com Inc (FLWS) This Quarter

Wall Street brokerages expect 1-800-Flowers.Com Inc (NASDAQ:FLWS) to post earnings per share (EPS) of $0.99 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for 1-800-Flowers.Com’s earnings. The lowest EPS estimate is $0.97 and the highest is $1.01. 1-800-Flowers.Com posted earnings per share of $0.88 in the same quarter last year, which indicates a positive year over year growth rate of 12.5%. The business is expected to report its next earnings results on Wednesday, January 30th.

According to Zacks, analysts expect that 1-800-Flowers.Com will report full-year earnings of $0.40 per share for the current year, with EPS estimates ranging from $0.39 to $0.41. For the next financial year, analysts expect that the company will report earnings of $0.50 per share, with EPS estimates ranging from $0.48 to $0.51. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover 1-800-Flowers.Com.

1-800-Flowers.Com (NASDAQ:FLWS) last announced its quarterly earnings results on Thursday, November 1st. The specialty retailer reported ($0.27) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.03. The company had revenue of $169.50 million during the quarter, compared to analyst estimates of $165.59 million. 1-800-Flowers.Com had a return on equity of 7.82% and a net margin of 3.16%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.20) earnings per share.

FLWS has been the subject of several research analyst reports. BidaskClub lowered 1-800-Flowers.Com from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 24th. Benchmark restated a “buy” rating and set a $16.00 price target (up from $14.00) on shares of 1-800-Flowers.Com in a research note on Wednesday, August 22nd. Sidoti upgraded 1-800-Flowers.Com from a “neutral” rating to a “buy” rating in a research note on Thursday, October 25th. Zacks Investment Research upgraded 1-800-Flowers.Com from a “sell” rating to a “hold” rating in a research note on Monday, September 24th. Finally, Noble Financial reiterated a “hold” rating on shares of 1-800-Flowers.Com in a research note on Tuesday, August 28th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $13.33.

Shares of NASDAQ:FLWS opened at $12.66 on Friday. The stock has a market cap of $863.57 million, a price-to-earnings ratio of 28.77, a PEG ratio of 3.34 and a beta of 1.11. The company has a quick ratio of 1.48, a current ratio of 2.19 and a debt-to-equity ratio of 0.29. 1-800-Flowers.Com has a 12 month low of $8.85 and a 12 month high of $15.00.

In other news, CEO Christopher G. Mccann sold 25,000 shares of the stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $11.00, for a total value of $275,000.00. Following the completion of the sale, the chief executive officer now owns 898,582 shares in the company, valued at $9,884,402. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Christopher G. Mccann sold 15,000 shares of the stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $11.83, for a total value of $177,450.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 83,750 shares of company stock valued at $984,788. Insiders own 64.42% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. California Public Employees Retirement System boosted its holdings in 1-800-Flowers.Com by 2.9% in the second quarter. California Public Employees Retirement System now owns 126,067 shares of the specialty retailer’s stock valued at $1,582,000 after purchasing an additional 3,564 shares during the last quarter. Northern Trust Corp boosted its holdings in 1-800-Flowers.Com by 1.8% in the first quarter. Northern Trust Corp now owns 335,350 shares of the specialty retailer’s stock valued at $3,957,000 after purchasing an additional 5,979 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in 1-800-Flowers.Com by 2.8% in the second quarter. Bank of New York Mellon Corp now owns 210,411 shares of the specialty retailer’s stock valued at $2,641,000 after purchasing an additional 5,740 shares during the last quarter. First Quadrant L P CA boosted its holdings in 1-800-Flowers.Com by 26.8% in the third quarter. First Quadrant L P CA now owns 47,260 shares of the specialty retailer’s stock valued at $558,000 after purchasing an additional 9,992 shares during the last quarter. Finally, North Star Investment Management Corp. boosted its holdings in 1-800-Flowers.Com by 4.1% in the third quarter. North Star Investment Management Corp. now owns 251,375 shares of the specialty retailer’s stock valued at $2,966,000 after purchasing an additional 10,000 shares during the last quarter. 32.90% of the stock is owned by hedge funds and other institutional investors.

About 1-800-Flowers.Com

1-800-FLOWERS.COM, Inc, together with its subsidiaries, provides gourmet food and floral gifts for various occasions in the United States. It operates in three segments: Consumer Floral; Gourmet Foods & Gift Baskets; and BloomNet Wire Service. The company offers a range of products, including fresh-cut flowers, floral and fruit arrangements and plants, gifts, popcorn, gourmet foods and gift baskets, cookies, chocolates, candies, wine, and gift-quality fruits, as well as balloons, candles, keepsake gifts, jewelry, and plush stuffed animals.

See Also: What is a Leveraged Buyout (LBO)?

Get a free copy of the Zacks research report on 1-800-Flowers.Com (FLWS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for 1-800-Flowers.Com (NASDAQ:FLWS)

Receive News & Ratings for 1-800-Flowers.Com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 1-800-Flowers.Com and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply