Floor & Decor Holdings, Inc. (FND) Issues Q2 Earnings Guidance
Floor & Decor Holdings, Inc. (NYSE:FND) updated its second quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.19-0.20 for the period, compared to the Thomson Reuters consensus estimate of $0.18. The company issued revenue guidance of $342.0 -344.0 million, compared to the consensus revenue estimate of $334.16 million.
A number of research firms have weighed in on FND. Telsey Advisory Group began coverage on shares of Floor & Decor Holdings in a research note on Tuesday, July 11th. They issued a market perform rating and a $38.00 price objective on the stock. BTIG Research reaffirmed a buy rating and issued a $48.00 price objective (up from $42.00) on shares of Floor & Decor Holdings in a research note on Thursday, June 22nd. Wedbush began coverage on shares of Floor & Decor Holdings in a research note on Wednesday, June 14th. They issued a neutral rating and a $45.00 price objective on the stock. Credit Suisse Group set a $43.00 price objective on shares of Floor & Decor Holdings and gave the company a buy rating in a research note on Sunday, May 28th. Finally, Bank of America Corporation reaffirmed a neutral rating and issued a $42.00 price objective (up from $40.00) on shares of Floor & Decor Holdings in a research note on Sunday, May 28th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $41.18.
Floor & Decor Holdings, Inc. (FND) traded up 0.15% on Monday, hitting $39.47. 157,483 shares of the company were exchanged. Floor & Decor Holdings, Inc. has a 52 week low of $29.37 and a 52 week high of $46.99. The company has a 50 day moving average price of $40.10 and a 200-day moving average price of $38.97. The stock has a market capitalization of $3.30 billion and a P/E ratio of 73.64.
Floor & Decor Holdings (NYSE:FND) last announced its quarterly earnings results on Thursday, May 25th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.03. The firm had revenue of $307.30 million during the quarter, compared to the consensus estimate of $306.16 million. The company’s revenue for the quarter was up 30.6% on a year-over-year basis. On average, equities analysts expect that Floor & Decor Holdings, Inc. will post $0.57 earnings per share for the current fiscal year.
In related news, SVP David Victor Christopherson bought 2,500 shares of the stock in a transaction on Tuesday, May 2nd. The shares were acquired at an average price of $21.00 per share, for a total transaction of $52,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Brian K. Robbins bought 3,560 shares of the stock in a transaction on Tuesday, May 2nd. The shares were bought at an average price of $21.00 per share, for a total transaction of $74,760.00. Following the purchase, the executive vice president now directly owns 3,560 shares in the company, valued at approximately $74,760. The disclosure for this purchase can be found here.
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About Floor & Decor Holdings
Floor & Decor Holdings, Inc, formerly FDO Holdings, Inc, is a retailer of hard surface flooring and related accessories. The Company retails its products such as tile, stone, wood, marble, glass and decoratives. The Company has 72 stores across 17 states in the United States. The Company provides its products to customers, including professional installers and commercial businesses (Pro), Do it Yourself customers (DIY) and customers who buy the products for professional installation (Buy it Yourself or BIY).
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