Floor & Decor (NYSE:FND) Issues Earnings Results

Floor & Decor (NYSE:FND) posted its earnings results on Thursday. The company reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.04, Bloomberg Earnings reports. The business had revenue of $520.31 million during the quarter, compared to analyst estimates of $510.73 million. Floor & Decor had a return on equity of 18.95% and a net margin of 6.35%. The company’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 EPS.

Shares of NYSE FND traded up $7.60 during midday trading on Friday, hitting $43.96. 3,430,477 shares of the company’s stock were exchanged, compared to its average volume of 914,057. Floor & Decor has a 12-month low of $23.30 and a 12-month high of $48.72. The company has a current ratio of 1.32, a quick ratio of 0.23 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $3.57 billion, a P/E ratio of 45.32, a price-to-earnings-growth ratio of 1.39 and a beta of 2.13. The firm has a fifty day moving average price of $40.88.

A number of research analysts have weighed in on FND shares. Telsey Advisory Group reaffirmed a “market perform” rating and set a $42.00 target price (down previously from $44.00) on shares of Floor & Decor in a report on Friday, May 3rd. Stephens started coverage on Floor & Decor in a report on Tuesday, April 23rd. They set a “weight” rating and a $56.00 target price for the company. Goldman Sachs Group started coverage on Floor & Decor in a report on Thursday, July 11th. They set a “neutral” rating and a $45.00 target price for the company. Citigroup reduced their target price on Floor & Decor from $51.00 to $50.00 and set a “buy” rating for the company in a report on Friday. Finally, Wedbush reaffirmed an “in-line” rating and set a $48.00 target price (up previously from $43.00) on shares of Floor & Decor in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $43.64.

In other news, CEO Thomas V. Taylor sold 62,029 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $43.66, for a total transaction of $2,708,186.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George Vincent West sold 564,871 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $42.69, for a total value of $24,114,342.99. Following the transaction, the director now directly owns 150,000 shares of the company’s stock, valued at approximately $6,403,500. The disclosure for this sale can be found here. Insiders have sold 1,319,404 shares of company stock valued at $56,264,277 in the last three months. 7.00% of the stock is owned by 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 for Floor & Decor (NYSE:FND)

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