Select Interior Concepts (NYSE:SIC) Expected to Announce Quarterly Sales of $153.80 Million

Brokerages forecast that Select Interior Concepts (NYSE:SIC) will report $153.80 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Select Interior Concepts’ earnings, with the highest sales estimate coming in at $154.90 million and the lowest estimate coming in at $152.70 million. Select Interior Concepts posted sales of $124.86 million in the same quarter last year, which would indicate a positive year over year growth rate of 23.2%. The business is expected to issue its next earnings results before the market opens on Thursday, August 8th.

On average, analysts expect that Select Interior Concepts will report full year sales of $617.16 million for the current fiscal year, with estimates ranging from $608.20 million to $626.12 million. For the next year, analysts forecast that the business will report sales of $654.80 million, with estimates ranging from $645.00 million to $664.60 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Select Interior Concepts.

A number of research analysts have issued reports on SIC shares. Zacks Investment Research upgraded shares of Select Interior Concepts from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 16th. Seaport Global Securities started coverage on shares of Select Interior Concepts in a research note on Friday, June 7th. They issued a “buy” rating and a $15.00 price objective for the company.

Shares of NYSE:SIC traded down $0.03 on Friday, reaching $11.37. 4 shares of the company’s stock were exchanged, compared to its average volume of 179,163. The company’s fifty day moving average price is $11.22. Select Interior Concepts has a twelve month low of $5.94 and a twelve month high of $14.73.

A number of large investors have recently modified their holdings of the stock. ADW Capital Management LLC acquired a new position in shares of Select Interior Concepts during the first quarter valued at about $31,311,000. Deutsche Bank AG bought a new stake in Select Interior Concepts in the fourth quarter worth about $4,265,000. Tibra Equities Europe Ltd bought a new stake in Select Interior Concepts in the first quarter worth about $459,000. Redmond Asset Management LLC raised its position in Select Interior Concepts by 2.6% in the first quarter. Redmond Asset Management LLC now owns 71,828 shares of the company’s stock worth $894,000 after acquiring an additional 1,828 shares during the period. Finally, BlackRock Inc. raised its position in Select Interior Concepts by 106.9% in the fourth quarter. BlackRock Inc. now owns 46,263 shares of the company’s stock worth $348,000 after acquiring an additional 23,899 shares during the period.

About Select Interior Concepts

There is no company description available for Select Interior Concepts Inc

See Also: 52-Week High/Low Prices For Stock Selection

Get a free copy of the Zacks research report on Select Interior Concepts (SIC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Select Interior Concepts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Select Interior Concepts and related companies with MarketBeat.com's FREE daily email newsletter.