$0.22 EPS Expected for Floor & Decor Holdings Inc (FND) This Quarter

Wall Street brokerages predict that Floor & Decor Holdings Inc (NYSE:FND) will report earnings per share (EPS) of $0.22 for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Floor & Decor’s earnings, with estimates ranging from $0.20 to $0.23. Floor & Decor posted earnings per share of $0.17 during the same quarter last year, which would suggest a positive year-over-year growth rate of 29.4%. The company is scheduled to issue its next 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 year, analysts expect that the company will post earnings of $1.22 per share, with EPS estimates ranging from $1.17 to $1.33. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Floor & Decor.

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



FND has been the subject of several research reports. Zacks Investment Research downgraded Floor & Decor from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Jefferies Financial Group upgraded Floor & Decor from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Tuesday, August 21st. Wells Fargo & Co raised Floor & Decor from a “market perform” rating to an “outperform” rating and decreased their price target for the company from $42.00 to $40.00 in a research note on Friday, August 10th. Wedbush reissued an “outperform” rating on shares of Floor & Decor in a research note on Friday, August 3rd. Finally, William Blair reissued an “outperform” rating on shares of Floor & Decor in a research note on Thursday, August 23rd. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $48.44.

In other news, EVP Brian K. Robbins sold 17,044 shares of the stock in a transaction dated Tuesday, June 26th. The stock was sold at an average price of $50.00, for a total value of $852,200.00. Following the completion of the sale, the executive vice president now owns 10,343 shares of the company’s stock, valued at $517,150. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Thomas V. Taylor sold 36,525 shares of the stock in a transaction dated Monday, June 18th. The shares were 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 directly owns 59,673 shares of the company’s stock, valued at approximately $3,283,805.19. The disclosure for this sale can be found here. In the last three months, insiders sold 353,569 shares of company stock valued at $19,195,371. Insiders own 8.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FND. Strs Ohio acquired a new stake in Floor & Decor during the second quarter worth approximately $195,000. SG Americas Securities LLC acquired a new stake in Floor & Decor during the second quarter worth approximately $200,000. Pitcairn Co. acquired a new stake in Floor & Decor during the second quarter worth approximately $201,000. Oppenheimer & Co. Inc. acquired a new stake in Floor & Decor during the second quarter worth approximately $217,000. Finally, State of Alaska Department of Revenue grew its stake in Floor & Decor by 76.8% during the second quarter. State of Alaska Department of Revenue now owns 4,790 shares of the company’s stock worth $236,000 after purchasing an additional 2,080 shares during the period.

Floor & Decor stock traded down $1.93 during trading hours on Thursday, hitting $34.67. The stock had a trading volume of 4,419,558 shares, compared to its average volume of 939,334. The company has a current ratio of 1.50, a quick ratio of 0.21 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $3.64 billion, a PE ratio of 42.06, a P/E/G ratio of 1.56 and a beta of -1.77. Floor & Decor has a one year low of $34.33 and a one year high of $58.28.

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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