$0.22 EPS Expected for Finish Line, Inc. (FINL) This Quarter

Analysts predict that Finish Line, Inc. (NASDAQ:FINL) will post $0.22 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have made estimates for Finish Line’s earnings, with the lowest EPS estimate coming in at $0.13 and the highest estimate coming in at $0.26. Finish Line posted earnings per share of $0.23 in the same quarter last year, which would indicate a negative year over year growth rate of 4.3%. The company is scheduled to issue its next quarterly earnings results on Friday, June 22nd.

According to Zacks, analysts expect that Finish Line will report full-year earnings of $0.70 per share for the current financial year, with EPS estimates ranging from $0.34 to $0.84. For the next fiscal year, analysts forecast that the business will report earnings of $0.64 per share, with EPS estimates ranging from $0.28 to $0.84. Zacks’ EPS averages are an average based on a survey of sell-side analysts that cover Finish Line.

Finish Line (NASDAQ:FINL) last posted its earnings results on Thursday, March 29th. The specialty retailer reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. Finish Line had a net margin of 0.78% and a return on equity of 6.32%. The business had revenue of $561.30 million for the quarter, compared to analyst estimates of $575.43 million. During the same period last year, the business posted $0.50 EPS. Finish Line’s revenue was up .7% compared to the same quarter last year.

A number of research analysts recently issued reports on the stock. ValuEngine upgraded shares of Finish Line from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Susquehanna Bancshares lowered shares of Finish Line from a “positive” rating to a “neutral” rating in a research note on Monday, March 26th. UBS upgraded shares of Finish Line from a “neutral” rating to a “positive” rating in a research note on Monday, February 26th. Citigroup upgraded shares of Finish Line from a “sell” rating to a “neutral” rating and raised their target price for the company from $10.00 to $13.50 in a research note on Tuesday, March 27th. Finally, Buckingham Research upgraded shares of Finish Line from an “underperform” rating to a “neutral” rating and lowered their target price for the company from $10.00 to $7.00 in a research note on Wednesday, February 21st. They noted that the move was a valuation call. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has issued a buy rating to the company. Finish Line has an average rating of “Hold” and an average target price of $11.53.

Several large investors have recently added to or reduced their stakes in the company. Fox Run Management L.L.C. bought a new position in Finish Line during the 4th quarter valued at about $293,000. ING Groep NV lifted its holdings in Finish Line by 92.8% during the 4th quarter. ING Groep NV now owns 3,760,000 shares of the specialty retailer’s stock valued at $54,633,000 after purchasing an additional 1,810,000 shares during the last quarter. Maverick Capital Ltd. bought a new position in Finish Line during the 4th quarter valued at about $4,108,000. Schwab Charles Investment Management Inc. lifted its holdings in Finish Line by 23.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 782,654 shares of the specialty retailer’s stock valued at $11,372,000 after purchasing an additional 150,463 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in Finish Line by 124.7% during the 4th quarter. Two Sigma Advisers LP now owns 356,905 shares of the specialty retailer’s stock valued at $5,186,000 after purchasing an additional 198,064 shares during the last quarter. 88.61% of the stock is owned by institutional investors.

Finish Line traded down $0.02, reaching $13.47, during midday trading on Tuesday, MarketBeat reports. The stock had a trading volume of 33,715 shares, compared to its average volume of 715,479. Finish Line has a 1-year low of $6.90 and a 1-year high of $15.28. The firm has a market capitalization of $543.19 million, a PE ratio of 19.52, a PEG ratio of 1.80 and a beta of 0.89.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 4th. Stockholders of record on Friday, May 18th will be issued a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Thursday, May 17th. Finish Line’s payout ratio is 66.67%.

About Finish Line

The Finish Line, Inc, together with its subsidiaries, operates as a retailer of athletic shoes, apparel, and accessories for men, women, and kids in the United States. The company offers athletic shoes, as well as an assortment of apparel and accessories of Nike, Brand Jordan, adidas, Under Armour, Puma, and other brands.

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Earnings History and Estimates for Finish Line (NASDAQ:FINL)

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