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

Floor & Decor (NYSE:FND) issued an update on its third quarter 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 $522.12 million.Floor & Decor also updated its FY 2019 guidance to $1.09-1.12 EPS.

Floor & Decor stock traded up $7.60 during mid-day trading on Friday, reaching $43.96. The company had a trading volume of 3,430,477 shares, compared to its average volume of 914,057. 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 current ratio of 1.32 and a quick ratio of 0.23. The company has a market cap of $3.57 billion, a P/E ratio of 45.32, a P/E/G ratio of 1.39 and a beta of 2.13. The business’s 50-day simple moving average is $40.88.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, August 1st. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.04. Floor & Decor had a net margin of 6.35% and a return on equity of 18.95%. The company had revenue of $520.31 million during the quarter, compared to analysts’ expectations of $510.73 million. During the same period last year, the company posted $0.27 earnings per share. The firm’s quarterly revenue was up 19.8% compared to the same quarter last year. On average, analysts anticipate that Floor & Decor will post 1.11 earnings per share for the current fiscal year.

A number of research analysts have issued reports on FND shares. UBS Group dropped their target price on shares of Floor & Decor from $55.00 to $51.00 and set a buy rating for the company in a report on Friday. Wells Fargo & Co reaffirmed an outperform rating and issued a $54.00 target price (up from $45.00) on shares of Floor & Decor in a report on Wednesday, April 24th. Stephens started coverage on shares of Floor & Decor in a report on Tuesday, April 23rd. They issued a weight rating and a $56.00 target price for the company. Zacks Investment Research raised shares of Floor & Decor from a sell rating to a hold rating in a report on Thursday, July 25th. Finally, Citigroup dropped their target price on shares of Floor & Decor from $51.00 to $50.00 and set a buy rating for the company in a report on Friday. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. The company has an average rating of Hold and an average target price of $43.64.

In other Floor & Decor news, Director George Vincent West sold 564,871 shares of Floor & Decor stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $42.69, for a total value of $24,114,342.99. Following the completion of the sale, the director now directly owns 150,000 shares of the company’s stock, valued at approximately $6,403,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas V. Taylor sold 62,029 shares of Floor & Decor stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $43.66, for a total transaction of $2,708,186.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,319,404 shares of company stock valued at $56,264,277. Corporate insiders own 7.00% of the company’s stock.

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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