Wall Street brokerages expect that Lumber Liquidators Holdings Inc (NYSE:LL) will report sales of $290.97 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Lumber Liquidators’ earnings, with the lowest sales estimate coming in at $288.97 million and the highest estimate coming in at $293.50 million. Lumber Liquidators reported sales of $283.47 million in the same quarter last year, which indicates a positive year over year growth rate of 2.6%. The firm is expected to announce its next quarterly earnings results before the market opens on Wednesday, August 7th.
On average, analysts expect that Lumber Liquidators will report full year sales of $1.12 billion for the current year, with estimates ranging from $1.12 billion to $1.13 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $1.17 billion, with estimates ranging from $1.14 billion to $1.20 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Lumber Liquidators.
Lumber Liquidators (NYSE:LL) last issued its earnings results on Tuesday, April 30th. The specialty retailer reported ($0.17) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.03). Lumber Liquidators had a positive return on equity of 6.36% and a negative net margin of 5.26%. The company had revenue of $266.20 million during the quarter, compared to analyst estimates of $268.08 million. During the same period in the previous year, the company posted ($0.07) earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis.
In other news, insider Charles E. Tyson acquired 4,000 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were purchased at an average cost of $9.90 per share, for a total transaction of $39,600.00. Following the transaction, the insider now owns 15,644 shares of the company’s stock, valued at $154,875.60. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 2.10% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Arbitrage SA boosted its position in shares of Lumber Liquidators by 467.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,594 shares of the specialty retailer’s stock worth $67,000 after purchasing an additional 5,431 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new position in shares of Lumber Liquidators in the 4th quarter worth $77,000. Metropolitan Life Insurance Co. NY boosted its position in shares of Lumber Liquidators by 385.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,420 shares of the specialty retailer’s stock worth $90,000 after purchasing an additional 7,479 shares during the last quarter. Oregon Public Employees Retirement Fund bought a new position in shares of Lumber Liquidators in the 4th quarter worth $104,000. Finally, Everence Capital Management Inc. bought a new position in shares of Lumber Liquidators in the 1st quarter worth $116,000. Hedge funds and other institutional investors own 79.44% of the company’s stock.
LL stock traded down $0.22 during midday trading on Wednesday, reaching $10.00. 1,238,000 shares of the company’s stock traded hands, compared to its average volume of 1,158,365. The business has a 50-day moving average of $11.06. Lumber Liquidators has a 1-year low of $8.81 and a 1-year high of $26.05. The stock has a market cap of $293.16 million, a P/E ratio of 17.54, a price-to-earnings-growth ratio of 0.83 and a beta of 2.09. The company has a current ratio of 1.35, a quick ratio of 0.22 and a debt-to-equity ratio of 1.08.
About Lumber Liquidators
Lumber Liquidators Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hard-surface flooring, and hard-surface flooring enhancements and accessories. The company offers hardwood species, engineered hardwood, laminates, resilient vinyl flooring, waterproof vinyl plank, and porcelain tile; renewable flooring, and bamboo and cork products; and a selection of flooring enhancements and accessories, including moldings, noise-reducing underlay, adhesives, and flooring tools under the Bellawood brand.
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