Wall Street analysts forecast that Lumber Liquidators Holdings Inc (NYSE:LL) will report earnings per share of ($0.19) for the current quarter, according to Zacks. Six analysts have made estimates for Lumber Liquidators Holdings’ earnings. The highest EPS estimate is ($0.14) and the lowest is ($0.25). Lumber Liquidators Holdings reported earnings per share of ($1.20) in the same quarter last year, which suggests a positive year over year growth rate of 84.2%. The company is expected to announce its next earnings report on Tuesday, May 9th.
According to Zacks, analysts expect that Lumber Liquidators Holdings will report full-year earnings of ($0.61) per share for the current year, with EPS estimates ranging from ($1.04) to ($0.15). For the next fiscal year, analysts expect that the firm will post earnings of ($0.01) per share, with EPS estimates ranging from ($0.60) to $0.56. Zacks’ EPS averages are an average based on a survey of analysts that cover Lumber Liquidators Holdings.
Lumber Liquidators Holdings (NYSE:LL) last released its earnings results on Tuesday, February 21st. The specialty retailer reported ($0.20) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.31) by $0.11. Lumber Liquidators Holdings had a negative net margin of 8.72% and a negative return on equity of 33.87%. The company had revenue of $244.90 million for the quarter, compared to analyst estimates of $242.21 million. During the same quarter last year, the firm earned ($0.73) EPS. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year.
Several brokerages have issued reports on LL. Credit Suisse Group AG dropped their target price on shares of Lumber Liquidators Holdings from $32.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday, April 11th. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of Lumber Liquidators Holdings in a report on Thursday, February 23rd. Finally, Zacks Investment Research upgraded shares of Lumber Liquidators Holdings from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Thursday, January 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Lumber Liquidators Holdings currently has a consensus rating of “Hold” and a consensus target price of $14.17.
Shares of Lumber Liquidators Holdings (NYSE:LL) traded down 0.39% during midday trading on Friday, reaching $23.05. 847,394 shares of the company’s stock were exchanged. The stock’s market cap is $651.12 million. The stock’s 50 day moving average is $20.07 and its 200-day moving average is $17.70. Lumber Liquidators Holdings has a 12-month low of $11.07 and a 12-month high of $23.76.
Several hedge funds have recently added to or reduced their stakes in LL. Russell Investments Group Ltd. purchased a new stake in Lumber Liquidators Holdings during the fourth quarter valued at approximately $7,784,000. Gilder Gagnon Howe & Co. LLC raised its stake in Lumber Liquidators Holdings by 881.2% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 401,232 shares of the specialty retailer’s stock valued at $7,892,000 after buying an additional 360,341 shares during the last quarter. Lonestar Capital Management LLC purchased a new stake in Lumber Liquidators Holdings during the third quarter valued at approximately $4,524,000. Royce & Associates LP raised its stake in Lumber Liquidators Holdings by 63.4% in the fourth quarter. Royce & Associates LP now owns 494,797 shares of the specialty retailer’s stock valued at $7,788,000 after buying an additional 191,920 shares during the last quarter. Finally, Samlyn Capital LLC purchased a new stake in Lumber Liquidators Holdings during the third quarter valued at approximately $2,907,000. 82.01% of the stock is owned by institutional investors and hedge funds.
About Lumber Liquidators Holdings
Lumber Liquidators Holdings, Inc is a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The Company offers hardwood species, engineered hardwood, laminate and resilient vinyl flooring direct to the consumer. Its product categories include Solid and Engineered Hardwood; Laminate; Bamboo, Cork, Vinyl Plank and Other, Moldings and Accessories, and Non-Merchandise Services.
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