Floor & Decor (NYSE:FND) Issues FY 2019 Earnings Guidance

Floor & Decor (NYSE:FND) updated its FY 2019 earnings guidance on Thursday. The company provided EPS guidance of $1.09-1.12 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.10. The company issued revenue guidance of $2.06-2.075 billion, compared to the consensus revenue estimate of $2.04 billion.Floor & Decor also updated its FY19 guidance to $1.09-1.12 EPS.

A number of equities research analysts have recently issued reports on the company. Wedbush reiterated an in-line rating and issued a $48.00 target price (up previously from $43.00) on shares of Floor & Decor in a research note on Thursday, April 25th. Citigroup lowered 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. Stephens assumed 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. Wells Fargo & Co reiterated an outperform rating and issued a $54.00 target price (up previously from $45.00) on shares of Floor & Decor in a research note on Wednesday, April 24th. Finally, Longbow Research lowered Floor & Decor from a buy rating to a neutral rating and set a $46.51 target price for the company. in a research note on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Floor & Decor presently has an average rating of Hold and an average price target of $43.48.

FND traded up $7.60 on Friday, reaching $43.96. The company’s stock had a trading volume of 3,430,477 shares, compared to its average volume of 766,703. The firm has a market cap of $3.85 billion, a PE ratio of 45.32, a price-to-earnings-growth ratio of 1.50 and a beta of 2.13. Floor & Decor has a 1 year low of $23.30 and a 1 year high of $48.72. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.23 and a current ratio of 1.32. The firm has a 50 day moving average of $40.88.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, August 1st. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Floor & Decor had a return on equity of 18.19% and a net margin of 6.45%. The company had revenue of $520.31 million for the quarter, compared to the consensus estimate of $510.73 million. During the same quarter last year, the business posted $0.27 EPS. Floor & Decor’s quarterly revenue was up 19.8% compared to the same quarter last year. Research analysts anticipate that Floor & Decor will post 1.1 earnings per share for the current year.

In other Floor & Decor news, Director George Vincent West sold 150,000 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $43.95, for a total transaction of $6,592,500.00. Following the transaction, the director now owns 150,000 shares of the company’s stock, valued at approximately $6,592,500. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Thomas V. Taylor sold 62,029 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $43.66, for a total value of $2,708,186.14. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,319,404 shares of company stock worth $56,264,277. 7.00% of the stock is currently owned by company insiders.

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.

Featured Story: Golden Cross

Earnings History and Estimates for Floor & Decor (NYSE:FND)

Receive News & Ratings for Floor & Decor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Floor & Decor and related companies with MarketBeat.com's FREE daily email newsletter.