Lumber Liquidators Holdings Inc (LL) Issues FY14 Earnings Guidance
Lumber Liquidators Holdings Inc (NYSE:LL) updated its FY14 earnings guidance on Wednesday. The company provided earnings per share guidance of $2.65-3.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.33, Analyst Ratings Net reports. The company issued revenue guidance of $1.05-1.10 billion, compared to the consensus revenue estimate of $1.16 billion.Lumber Liquidators Holdings also updated its Q2 guidance to $0.59-0.61 EPS.
LL has been the subject of a number of recent research reports. Analysts at Goldman Sachs reiterated a buy rating on shares of Lumber Liquidators Holdings in a research note on Tuesday, July 1st. They now have a $100.00 price target on the stock. On a related note, analysts at Morgan Stanley initiated coverage on shares of Lumber Liquidators Holdings in a research note on Tuesday, June 24th. They set an equal weight rating and a $84.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Lumber Liquidators Holdings from a neutral rating to an underperform rating in a research note on Tuesday, June 17th. They now have a $74.80 price target on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $107.48.
Lumber Liquidators Holdings Inc (NYSE:LL) traded down 8.06% during mid-day trading on Wednesday, hitting $70.42. 5,772,777 shares of the company’s stock traded hands. Lumber Liquidators Holdings Inc has a 1-year low of $72.86 and a 1-year high of $119.98. The stock’s 50-day moving average is $78.08 and its 200-day moving average is $91.2. The company has a market cap of $1.931 billion and a price-to-earnings ratio of 28.47.
Lumber Liquidators Holdings (NYSE:LL) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by $0.13. The company had revenue of $246.30 million for the quarter, compared to the consensus estimate of $262.04 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, analysts predict that Lumber Liquidators Holdings Inc will post $3.34 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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