Floor & Decor (NYSE:FND) Issues Q3 2019 Earnings Guidance

Floor & Decor (NYSE:FND) issued an update on its third quarter 2019 earnings guidance on Thursday morning. The company provided EPS guidance of $0.25-0.26 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.29. The company issued revenue guidance of $520-527 million, compared to the consensus revenue estimate of $521.25 million.Floor & Decor also updated its FY 2019 guidance to $1.09-1.12 EPS.

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

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

FND has been the topic of several research analyst reports. Citigroup decreased their target price on shares of Floor & Decor from $51.00 to $50.00 and set a buy rating on the stock in a research report on Friday. Loop Capital cut shares of Floor & Decor from a buy rating to a hold rating and set a $43.00 target price on the stock. in a research report on Friday, April 5th. They noted that the move was a valuation call. Wells Fargo & Co reissued an outperform rating and issued a $54.00 target price (up from $45.00) on shares of Floor & Decor in a research report on Wednesday, April 24th. Stephens initiated coverage on shares of Floor & Decor in a research report on Tuesday, April 23rd. They issued a weight rating and a $56.00 target price on the stock. Finally, Longbow Research cut shares of Floor & Decor from a buy rating to a neutral rating and set a $46.51 target price on the stock. in a research report on Monday, April 15th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the stock. Floor & Decor has an average rating of Hold and an average price target of $43.48.

In other news, EVP Brian K. Robbins sold 55,101 shares of Floor & Decor stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $40.96, for a total transaction of $2,256,936.96. Following the sale, the executive vice president now owns 8,387 shares in the company, valued at $343,531.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George Vincent West sold 150,000 shares of Floor & Decor stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $43.95, for a total transaction of $6,592,500.00. Following the sale, the director now owns 150,000 shares in the company, valued at approximately $6,592,500. The disclosure for this sale can be found here. Over 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 corporate insiders.

Floor & Decor Company Profile

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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