Wall Street analysts expect FTD Companies, Inc. (NASDAQ:FTD) to report $165.33 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for FTD Companies’ earnings, with the lowest sales estimate coming in at $164.56 million and the highest estimate coming in at $166.10 million. FTD Companies reported sales of $173.15 million during the same quarter last year, which indicates a negative year-over-year growth rate of 4.5%. The company is expected to announce its next quarterly earnings report on Monday, November 6th.

According to Zacks, analysts expect that FTD Companies will report full-year sales of $165.33 million for the current year. For the next fiscal year, analysts expect that the company will post sales of $1.09 billion per share, with estimates ranging from $1.09 billion to $1.10 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover FTD Companies.

A number of research firms have recently weighed in on FTD. ValuEngine downgraded FTD Companies from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. DA Davidson began coverage on FTD Companies in a report on Wednesday, June 14th. They set a “buy” rating and a $23.00 target price for the company. BidaskClub downgraded FTD Companies from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Zacks Investment Research downgraded FTD Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 15th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $20.67.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of FTD Companies by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,299,788 shares of the company’s stock worth $45,996,000 after purchasing an additional 6,574 shares during the period. GMT Capital Corp increased its position in shares of FTD Companies by 14.6% in the first quarter. GMT Capital Corp now owns 2,144,670 shares of the company’s stock worth $43,194,000 after purchasing an additional 273,536 shares during the period. Vanguard Group Inc. increased its position in shares of FTD Companies by 4.6% in the first quarter. Vanguard Group Inc. now owns 1,523,000 shares of the company’s stock worth $30,674,000 after purchasing an additional 67,638 shares during the period. Alliancebernstein L.P. increased its position in shares of FTD Companies by 10.4% in the second quarter. Alliancebernstein L.P. now owns 1,484,390 shares of the company’s stock worth $29,688,000 after purchasing an additional 139,851 shares during the period. Finally, Boston Partners increased its position in shares of FTD Companies by 2.5% in the second quarter. Boston Partners now owns 712,648 shares of the company’s stock worth $14,253,000 after purchasing an additional 17,530 shares during the period. Institutional investors own 58.83% of the company’s stock.

FTD Companies (NASDAQ FTD) opened at 13.24 on Monday. The company’s 50-day moving average is $15.57 and its 200-day moving average is $18.94. FTD Companies has a 12 month low of $12.35 and a 12 month high of $26.19. The company’s market cap is $364.68 million.

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About FTD Companies

FTD Companies, Inc (FTD) is a floral and gifting company. The Company operates through four segments: Consumer, Florist, International and Provide Commerce. Through its Consumer segment, FTD is a direct marketer of floral and gift products for consumers, primarily in the United States and Canada. Through its Florist segment, the Company is a provider of products and services to its floral network members, which include traditional retail florists and other non-florist retail locations, primarily in the United States and Canada.

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