Lumber Liquidators Holdings Inc (LL) Expected to Announce Quarterly Sales of $270.05 Million

Analysts forecast that Lumber Liquidators Holdings Inc (NYSE:LL) will report $270.05 million in sales for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Lumber Liquidators’ earnings. The highest sales estimate is $279.10 million and the lowest is $264.23 million. Lumber Liquidators posted sales of $261.77 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.2%. The firm is scheduled to issue its next earnings report on Tuesday, May 7th.

According to Zacks, analysts expect that Lumber Liquidators will report full-year sales of $1.13 billion for the current fiscal year, with estimates ranging from $1.12 billion to $1.14 billion. For the next financial year, analysts expect that the company will post sales of $1.19 billion, with estimates ranging from $1.14 billion to $1.23 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Lumber Liquidators.

Lumber Liquidators (NYSE:LL) last released its earnings results on Monday, March 18th. The specialty retailer reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Lumber Liquidators had a negative net margin of 5.01% and a positive return on equity of 7.50%. The business had revenue of $268.90 million for the quarter, compared to the consensus estimate of $272.59 million. During the same period in the previous year, the firm earned $0.10 EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis.

A number of equities research analysts have recently issued reports on LL shares. ValuEngine lowered shares of Lumber Liquidators from a “hold” rating to a “sell” rating in a report on Monday, December 31st. Loop Capital lowered shares of Lumber Liquidators from a “buy” rating to a “hold” rating and cut their price target for the company from $24.00 to $10.00 in a report on Thursday, January 3rd. SunTrust Banks restated a “hold” rating and set a $10.00 price target on shares of Lumber Liquidators in a report on Monday, January 7th. Zacks Investment Research upgraded shares of Lumber Liquidators from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Thursday, January 10th. Finally, Morgan Stanley set a $10.00 price target on shares of 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 and fourteen have assigned a hold rating to the company. Lumber Liquidators presently has a consensus rating of “Hold” and an average price target of $13.30.

Institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its stake in Lumber Liquidators by 12.0% during the second quarter. Bank of New York Mellon Corp now owns 349,119 shares of the specialty retailer’s stock valued at $8,501,000 after buying an additional 37,437 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Lumber Liquidators by 299.4% during the third quarter. JPMorgan Chase & Co. now owns 410,079 shares of the specialty retailer’s stock valued at $6,352,000 after buying an additional 307,397 shares during the last quarter. BlackRock Inc. boosted its stake in Lumber Liquidators by 4.5% during the third quarter. BlackRock Inc. now owns 4,519,037 shares of the specialty retailer’s stock valued at $69,999,000 after buying an additional 194,691 shares during the last quarter. Trexquant Investment LP boosted its stake in Lumber Liquidators by 33.1% during the third quarter. Trexquant Investment LP now owns 27,590 shares of the specialty retailer’s stock valued at $427,000 after buying an additional 6,867 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in Lumber Liquidators during the third quarter valued at approximately $223,000. Hedge funds and other institutional investors own 79.84% of the company’s stock.

Shares of LL stock traded up $0.19 during trading hours on Monday, reaching $10.29. 966,500 shares of the stock traded hands, compared to its average volume of 1,052,816. Lumber Liquidators has a 1-year low of $8.81 and a 1-year high of $26.92. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.51 and a quick ratio of 0.20. The firm has a market capitalization of $289.27 million, a P/E ratio of 18.05, a P/E/G ratio of 0.74 and a beta of 1.71.

About Lumber Liquidators

Lumber Liquidators Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The company offers hardwood species, engineered hardwood, laminates, resilient vinyl flooring, and wood-look ceramic; 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 and Morning Star Bamboo brands.

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