Zacks: Brokerages Anticipate Lumber Liquidators Holdings, Inc. (NYSE:LL) Will Announce Earnings of $0.21 Per Share

Posted by Faye Duncan on Apr 8th, 2021 // Comments off

Brokerages expect Lumber Liquidators Holdings, Inc. (NYSE:LL) to report earnings of $0.21 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Lumber Liquidators’ earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.31. Lumber Liquidators posted earnings per share of $0.44 during the same quarter last year, which would indicate a negative year over year growth rate of 52.3%. The company is scheduled to report its next earnings report on Thursday, May 27th.

On average, analysts expect that Lumber Liquidators will report full-year earnings of $1.15 per share for the current financial year, with EPS estimates ranging from $0.90 to $1.53. For the next fiscal year, analysts expect that the company will report earnings of $1.22 per share, with EPS estimates ranging from $0.95 to $1.64. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that follow Lumber Liquidators.

Lumber Liquidators (NYSE:LL) last announced its quarterly earnings data on Monday, March 1st. The specialty retailer reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.10). Lumber Liquidators had a return on equity of 29.29% and a net margin of 4.38%. The business had revenue of $304.20 million during the quarter, compared to analysts’ expectations of $296.51 million. During the same period in the prior year, the company posted $0.56 earnings per share. The firm’s revenue was up 11.1% on a year-over-year basis.

LL has been the subject of several research reports. Zacks Investment Research lowered Lumber Liquidators from a “strong-buy” rating to a “hold” rating in a report on Friday, March 5th. Morgan Stanley lifted their price target on Lumber Liquidators from $14.00 to $20.00 and gave the company an “underweight” rating in a report on Wednesday, January 20th. Loop Capital lowered Lumber Liquidators from a “buy” rating to a “hold” rating in a report on Tuesday, January 12th. TheStreet upgraded Lumber Liquidators from a “d+” rating to a “c” rating in a report on Wednesday, March 17th. Finally, Oppenheimer reiterated a “hold” rating on shares of Lumber Liquidators in a report on Wednesday, March 3rd. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $24.33.

NYSE LL traded up $0.87 during trading on Thursday, reaching $26.59. 11,129 shares of the company’s stock were exchanged, compared to its average volume of 516,994. The firm has a market capitalization of $768.74 million, a PE ratio of 15.98, a P/E/G ratio of 1.00 and a beta of 2.65. The company has a current ratio of 1.61, a quick ratio of 0.81 and a debt-to-equity ratio of 0.52. Lumber Liquidators has a fifty-two week low of $4.66 and a fifty-two week high of $35.10. The company’s fifty day simple moving average is $25.56 and its 200-day simple moving average is $27.49.

Several hedge funds have recently modified their holdings of the stock. Everence Capital Management Inc. bought a new position in Lumber Liquidators in the 1st quarter worth approximately $211,000. Pacer Advisors Inc. increased its position in Lumber Liquidators by 263.3% in the 1st quarter. Pacer Advisors Inc. now owns 59,773 shares of the specialty retailer’s stock worth $1,501,000 after buying an additional 43,322 shares during the period. Dimensional Fund Advisors LP increased its position in Lumber Liquidators by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 854,496 shares of the specialty retailer’s stock worth $26,268,000 after buying an additional 8,491 shares during the period. UBS Asset Management Americas Inc. bought a new position in Lumber Liquidators in the 4th quarter worth approximately $651,000. Finally, Virtu Financial LLC bought a new position in Lumber Liquidators in the 4th quarter worth approximately $309,000. 78.03% of the stock is currently owned by institutional investors and hedge funds.

Lumber Liquidators Company Profile

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, laminate, resilient vinyl, water-resistant vinyl plank, and porcelain tile flooring products; renewable flooring, and bamboo and cork products; and a selection of flooring enhancements and accessories, including moldings, noise-reducing underlayments, adhesives, and flooring tools under the Bellawood and Coreluxe brand.

Zacks: Brokerages Anticipate Lumber Liquidators Holdings, Inc. (NYSE:LL) Will Announce Earnings of $0.21 Per Share

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