Lumber Liquidators Holdings Inc. (LL) Updates FY13 Earnings Guidance
Lumber Liquidators Holdings Inc. (NYSE:LL) issued an update on its FY13 earnings guidance on Wednesday morning. The company provided earnings per share guidance of ~$2.65-2.74 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.68, StockRatingsNetwork reports. The company issued revenue guidance of $985-995 million, compared to the consensus revenue estimate of $976.26 million.
A number of research firms have recently commented on LL. Analysts at Ned Davis Research downgraded shares of Lumber Liquidators Holdings from a buy rating to a neutral rating in a research note to investors on Monday. On a related note, analysts at Zacks downgraded shares of Lumber Liquidators Holdings from an outperform rating to a neutral rating in a research note to investors on Monday. They now have a $115.50 price target on the stock. Finally, analysts at Jefferies Group reiterated a sell rating on shares of Lumber Liquidators Holdings in a research note to investors on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $105.70.
Lumber Liquidators Holdings Inc. (NYSE:LL) opened at 108.82 on Wednesday. Lumber Liquidators Holdings Inc. has a 1-year low of $46.26 and a 1-year high of $110.45. The stock has a 50-day moving average of $98.55 and a 200-day moving average of $82.6. The company has a market cap of $2.993 billion and a price-to-earnings ratio of 48.09.
Lumber Liquidators Holdings (NYSE:LL) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.06. The company had revenue of $254.30 million for the quarter, compared to the consensus estimate of $241.81 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 24.5% on a year-over-year basis. On average, analysts predict that Lumber Liquidators Holdings Inc. will post $2.69 earnings per share for the current fiscal year.
Lumber Liquidators Holdings, Inc (NYSE:LL) is retailer of hardwood flooring, and hardwood flooring enhancements and accessories.
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