Floor & Decor (NYSE:FND) Releases FY19 Earnings Guidance

Floor & Decor (NYSE:FND) updated its FY19 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.09-1.12 for the period, compared to the Thomson Reuters consensus 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 FY 2019 guidance to $1.09-1.12 EPS.

A number of brokerages have issued reports on FND. Wedbush reaffirmed an in-line rating and issued a $48.00 price objective (up from $43.00) on shares of Floor & Decor in a research note on Thursday, April 25th. UBS Group reduced their price objective on shares of Floor & Decor from $55.00 to $51.00 and set a buy rating on the stock in a research note on Friday. Longbow Research cut shares of Floor & Decor from a buy rating to a neutral rating and set a $46.51 price target on the stock. in a research report on Monday, April 15th. Wells Fargo & Co reissued an outperform rating and set a $54.00 price target (up from $45.00) on shares of Floor & Decor in a research report on Wednesday, April 24th. Finally, Stephens started coverage on shares of Floor & Decor in a research report on Tuesday, April 23rd. They set a weight rating and a $56.00 price target on the stock. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. Floor & Decor has a consensus rating of Hold and a consensus price target of $43.64.

Shares of NYSE FND traded up $7.60 during midday trading on Friday, reaching $43.96. 3,430,477 shares of the stock were exchanged, compared to its average volume of 914,057. The business’s 50-day moving average is $40.88. 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. Floor & Decor has a 12 month low of $23.30 and a 12 month high of $48.72. The company has a quick ratio of 0.23, a current ratio of 1.32 and a debt-to-equity ratio of 1.33.

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

In related news, Director George Vincent West sold 564,871 shares of the business’s stock in a transaction 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 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Trevor Lang sold 40,000 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $38.88, for a total transaction of $1,555,200.00. Following the completion of the sale, the chief financial officer now directly owns 178,669 shares in the company, valued at $6,946,650.72. The disclosure for this sale can be found here. Insiders sold a total of 1,319,404 shares of company stock worth $56,264,277 over the last ninety days. 7.00% of the stock is currently owned by 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.

Read More: Why do analysts give a neutral rating?

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

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