Floor & Decor Holdings Inc (NYSE:FND) Expected to Announce Quarterly Sales of $523.92 Million

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Equities research analysts expect Floor & Decor Holdings Inc (NYSE:FND) to announce sales of $523.92 million for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Floor & Decor’s earnings. The highest sales estimate is $525.00 million and the lowest is $523.00 million. Floor & Decor reported sales of $435.88 million during the same quarter last year, which would suggest a positive year over year growth rate of 20.2%. The business is scheduled to announce its next quarterly earnings report on Thursday, November 7th.

According to Zacks, analysts expect that Floor & Decor will report full year sales of $2.07 billion for the current financial year, with estimates ranging from $2.06 billion to $2.08 billion. For the next fiscal year, analysts forecast that the company will report sales of $2.54 billion, with estimates ranging from $2.50 billion to $2.61 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Floor & Decor.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, August 1st. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Floor & Decor had a return on equity of 18.32% and a net margin of 6.35%. The business had revenue of $520.31 million during the quarter, compared to the consensus estimate of $510.73 million. During the same period last year, the company earned $0.27 EPS. The company’s revenue for the quarter was up 19.8% on a year-over-year basis.

A number of analysts have issued reports on FND shares. Citigroup cut their target price on Floor & Decor from $51.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Zacks Investment Research raised Floor & Decor from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $42.00 target price (down from $44.00) on shares of Floor & Decor in a research note on Friday, May 3rd. Stephens started coverage on Floor & Decor in a research note on Tuesday, April 23rd. They issued a “weight” rating and a $56.00 target price for the company. Finally, Goldman Sachs Group started coverage on Floor & Decor in a research note on Thursday, July 11th. They issued a “neutral” rating and a $45.00 target price for the company. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $43.48.

Shares of FND traded up $1.18 during midday trading on Thursday, reaching $43.78. The company had a trading volume of 512,300 shares, compared to its average volume of 1,497,640. Floor & Decor has a 1-year low of $23.30 and a 1-year high of $48.72. The stock has a market cap of $4.24 billion, a PE ratio of 45.13, a price-to-earnings-growth ratio of 1.62 and a beta of 2.13. The firm has a 50 day simple moving average of $41.62 and a 200-day simple moving average of $40.37. The company has a quick ratio of 0.28, a current ratio of 1.33 and a debt-to-equity ratio of 1.32.

In related news, Director George Vincent West sold 15,077 shares of the firm’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $42.03, for a total transaction of $633,686.31. Following the completion of the sale, the director now directly owns 15,077 shares of the company’s stock, valued at approximately $633,686.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Trevor Lang sold 40,000 shares of Floor & Decor stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $38.88, for a total value of $1,555,200.00. Following the completion of the transaction, the chief financial officer now directly owns 178,669 shares of the company’s stock, valued at $6,946,650.72. The disclosure for this sale can be found here. Insiders have sold a total of 4,373,059 shares of company stock valued at $187,742,559 over the last three months. Corporate insiders own 7.00% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Zions Bancorporation N.A. acquired a new position in Floor & Decor in the 1st quarter valued at about $32,000. Point72 Hong Kong Ltd purchased a new position in shares of Floor & Decor in the 2nd quarter valued at about $52,000. Atria Investments LLC purchased a new position in shares of Floor & Decor in the 2nd quarter valued at about $73,000. Stephens Inc. AR purchased a new position in shares of Floor & Decor in the 1st quarter valued at about $86,000. Finally, Aperio Group LLC purchased a new position in shares of Floor & Decor in the 2nd quarter valued at about $121,000.

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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