Q2 2019 Earnings Forecast for Lumber Liquidators Holdings Inc (LL) Issued By Piper Jaffray Companies

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Lumber Liquidators Holdings Inc (NYSE:LL) – Analysts at Piper Jaffray Companies reduced their Q2 2019 EPS estimates for Lumber Liquidators in a research report issued to clients and investors on Tuesday, April 30th. Piper Jaffray Companies analyst P. Keith now anticipates that the specialty retailer will post earnings of $0.07 per share for the quarter, down from their previous forecast of $0.09. Piper Jaffray Companies also issued estimates for Lumber Liquidators’ Q3 2019 earnings at $0.30 EPS, Q4 2019 earnings at $0.32 EPS and Q1 2020 earnings at $0.02 EPS.

Lumber Liquidators (NYSE:LL) last released its quarterly earnings data on Tuesday, April 30th. The specialty retailer reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.03). The business had revenue of $266.20 million for the quarter, compared to the consensus estimate of $268.08 million. Lumber Liquidators had a positive return on equity of 6.36% and a negative net margin of 5.26%. Lumber Liquidators’s revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.07) earnings per share.

A number of other research firms also recently commented on LL. Raymond James raised shares of Lumber Liquidators from a “market perform” rating to an “outperform” rating and set a $16.00 price objective for the company in a report on Wednesday. Zacks Investment Research lowered Lumber Liquidators from a “buy” rating to a “hold” rating in a report on Saturday, March 2nd. ValuEngine lowered Lumber Liquidators from a “sell” rating to a “strong sell” rating in a report on Monday, February 4th. SunTrust Banks reaffirmed a “hold” rating and set a $10.00 target price on shares of Lumber Liquidators in a report on Monday, January 7th. Finally, Wedbush set a $11.00 target price on Lumber Liquidators and gave the company a “hold” rating in a report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $13.55.

NYSE:LL opened at $13.28 on Friday. The stock has a market cap of $379.18 million, a PE ratio of 23.30, a price-to-earnings-growth ratio of 0.96 and a beta of 1.84. Lumber Liquidators has a 52 week low of $8.81 and a 52 week high of $26.92. The company has a quick ratio of 0.20, a current ratio of 1.35 and a debt-to-equity ratio of 0.47.

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its position in Lumber Liquidators by 5.1% in the 4th quarter. BlackRock Inc. now owns 4,749,908 shares of the specialty retailer’s stock worth $45,219,000 after purchasing an additional 230,871 shares during the last quarter. Gagnon Securities LLC raised its stake in shares of Lumber Liquidators by 16.0% during the 4th quarter. Gagnon Securities LLC now owns 1,124,911 shares of the specialty retailer’s stock worth $10,709,000 after purchasing an additional 155,279 shares during the period. Marshall Wace LLP bought a new stake in shares of Lumber Liquidators during the 3rd quarter worth $12,361,000. Dimensional Fund Advisors LP raised its stake in shares of Lumber Liquidators by 21.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 727,474 shares of the specialty retailer’s stock worth $6,926,000 after purchasing an additional 126,595 shares during the period. Finally, Royce & Associates LP raised its stake in shares of Lumber Liquidators by 258.5% during the 4th quarter. Royce & Associates LP now owns 619,079 shares of the specialty retailer’s stock worth $5,894,000 after purchasing an additional 446,400 shares during the period. 79.79% of the stock is owned by institutional investors.

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, 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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Earnings History and Estimates for Lumber Liquidators (NYSE:LL)

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