Floor & Decor Holdings Inc (NYSE:FND) Expected to Post Earnings of $0.21 Per Share

Equities analysts expect that Floor & Decor Holdings Inc (NYSE:FND) will report $0.21 earnings per share for the current quarter, according to Zacks. Nine analysts have made estimates for Floor & Decor’s earnings, with the highest EPS estimate coming in at $0.23 and the lowest estimate coming in at $0.20. Floor & Decor posted earnings of $0.20 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 5%. The firm is expected to announce its next quarterly earnings report on Thursday, February 20th.

On average, analysts expect that Floor & Decor will report full year earnings of $1.10 per share for the current year, with EPS estimates ranging from $1.09 to $1.12. For the next fiscal year, analysts expect that the business will post earnings of $1.34 per share, with EPS estimates ranging from $1.29 to $1.41. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that cover Floor & Decor.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Friday, November 1st. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. Floor & Decor had a net margin of 6.81% and a return on equity of 17.58%. The business had revenue of $521.10 million for the quarter, compared to analyst estimates of $524.00 million. During the same period last year, the firm earned $0.24 earnings per share. Floor & Decor’s revenue for the quarter was up 19.5% compared to the same quarter last year.

A number of equities analysts have commented on FND shares. Wedbush restated an “outperform” rating and set a $53.00 price objective (up previously from $45.00) on shares of Floor & Decor in a research note on Monday, November 4th. ValuEngine upgraded Floor & Decor from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 24th. Wells Fargo & Co reissued a “buy” rating and set a $50.00 target price on shares of Floor & Decor in a report on Monday, November 11th. Loop Capital raised their price target on Floor & Decor from $43.00 to $46.00 and gave the stock a “hold” rating in a research report on Monday, October 14th. Finally, UBS Group boosted their price target on Floor & Decor from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Floor & Decor has a consensus rating of “Hold” and a consensus price target of $48.03.

Shares of FND stock traded up $0.08 during trading on Thursday, hitting $47.27. The company had a trading volume of 1,282,100 shares, compared to its average volume of 1,209,391. The firm has a market capitalization of $4.86 billion, a P/E ratio of 48.73, a price-to-earnings-growth ratio of 1.85 and a beta of 1.88. Floor & Decor has a one year low of $23.30 and a one year high of $53.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.32 and a current ratio of 1.31. The stock’s 50-day moving average price is $45.50 and its 200 day moving average price is $44.05.

In other news, major shareholder Corporate Opportunities F. Ares sold 7,105,728 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $43.80, for a total transaction of $311,230,886.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Victor Christopherson sold 2,675 shares of the stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $52.00, for a total value of $139,100.00. Following the completion of the transaction, the executive vice president now owns 36,976 shares of the company’s stock, valued at $1,922,752. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,348,289 shares of company stock worth $322,778,087. Company insiders own 7.00% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Point72 Hong Kong Ltd acquired a new stake in shares of Floor & Decor during the second quarter valued at about $52,000. Atria Investments LLC bought a new stake in shares of Floor & Decor during the second quarter worth about $73,000. Aperio Group LLC bought a new stake in shares of Floor & Decor during the second quarter worth about $121,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Floor & Decor by 10.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,725 shares of the company’s stock valued at $156,000 after buying an additional 346 shares during the period. Finally, Metropolitan Life Insurance Co NY increased its stake in shares of Floor & Decor by 18.3% in the first quarter. Metropolitan Life Insurance Co NY now owns 4,395 shares of the company’s stock valued at $181,000 after buying an additional 680 shares during the period.

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, vinyl, 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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