Wall Street analysts forecast that 1-800 FLOWERS.COM, Inc. (NASDAQ:FLWS) will post $158.56 million in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for 1-800 FLOWERS.COM’s earnings. The lowest sales estimate is $156.97 million and the highest is $161.38 million. 1-800 FLOWERS.COM posted sales of $165.83 million during the same quarter last year, which suggests a negative year over year growth rate of 4.4%. The company is expected to issue its next quarterly earnings report on Wednesday, November 1st.

On average, analysts expect that 1-800 FLOWERS.COM will report full year sales of $158.56 million for the current year, with estimates ranging from $1.14 billion to $1.16 billion. For the next fiscal year, analysts expect that the business will report sales of $1.19 billion per share, with estimates ranging from $1.18 billion to $1.21 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that that provide coverage for 1-800 FLOWERS.COM.

1-800 FLOWERS.COM (NASDAQ:FLWS) last announced its quarterly earnings results on Thursday, August 24th. The specialty retailer reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.02). The business had revenue of $239.50 million for the quarter, compared to analyst estimates of $245.38 million. 1-800 FLOWERS.COM had a net margin of 3.69% and a return on equity of 10.76%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the firm earned ($0.14) earnings per share.

A number of equities analysts recently commented on the company. Noble Financial restated a “buy” rating on shares of 1-800 FLOWERS.COM in a report on Friday, September 1st. Zacks Investment Research downgraded 1-800 FLOWERS.COM from a “hold” rating to a “sell” rating in a report on Monday, August 28th. DA Davidson restated a “neutral” rating and issued a $9.00 price objective (down previously from $11.00) on shares of 1-800 FLOWERS.COM in a report on Monday, August 28th. Benchmark Co. restated a “buy” rating and issued a $13.00 price objective on shares of 1-800 FLOWERS.COM in a report on Wednesday, August 23rd. Finally, BidaskClub upgraded 1-800 FLOWERS.COM from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. 1-800 FLOWERS.COM currently has a consensus rating of “Buy” and a consensus target price of $12.17.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/10/11/158-56-million-in-sales-expected-for-1-800-flowers-com-inc-flws-this-quarter.html.

A number of institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN boosted its position in 1-800 FLOWERS.COM by 1.9% during the first quarter. Wells Fargo & Company MN now owns 21,063 shares of the specialty retailer’s stock worth $215,000 after purchasing an additional 400 shares during the period. Rhumbline Advisers boosted its position in 1-800 FLOWERS.COM by 1.3% during the second quarter. Rhumbline Advisers now owns 33,066 shares of the specialty retailer’s stock worth $322,000 after purchasing an additional 415 shares during the period. Schwab Charles Investment Management Inc. boosted its position in 1-800 FLOWERS.COM by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 106,451 shares of the specialty retailer’s stock worth $1,038,000 after purchasing an additional 665 shares during the period. TIAA CREF Investment Management LLC boosted its position in 1-800 FLOWERS.COM by 0.5% during the second quarter. TIAA CREF Investment Management LLC now owns 166,502 shares of the specialty retailer’s stock worth $1,623,000 after purchasing an additional 803 shares during the period. Finally, American International Group Inc. boosted its position in 1-800 FLOWERS.COM by 7.1% during the first quarter. American International Group Inc. now owns 16,036 shares of the specialty retailer’s stock worth $164,000 after purchasing an additional 1,066 shares during the period. 34.30% of the stock is owned by hedge funds and other institutional investors.

1-800 FLOWERS.COM (NASDAQ FLWS) opened at 9.95 on Wednesday. The firm has a market capitalization of $645.54 million, a PE ratio of 15.31 and a beta of 1.61. The firm’s 50-day moving average is $9.46 and its 200-day moving average is $9.80. 1-800 FLOWERS.COM has a 12 month low of $7.80 and a 12 month high of $11.40.

1-800 FLOWERS.COM announced that its Board of Directors has initiated a share repurchase program on Wednesday, September 6th that authorizes the company to buyback $15.00 million in shares. This buyback authorization authorizes the specialty retailer to reacquire up to 2.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

1-800 FLOWERS.COM Company Profile

1-800-FLOWERS.COM, Inc is a provider of gourmet food and floral gifts for all occasions. The Company offers gifts for every occasion, including fresh flowers and a selection of plants, gift baskets, gourmet foods, confections, candles, balloons and stuffed animals. The Company operates through three business segments: Consumer Floral, Gourmet Food and Gift Baskets, and BloomNet Wire Service.

Get a free copy of the Zacks research report on 1-800 FLOWERS.COM (FLWS)

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

Earnings History and Estimates for 1-800 FLOWERS.COM (NASDAQ:FLWS)

Receive News & Ratings for 1-800 FLOWERS.COM Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 1-800 FLOWERS.COM Inc. and related companies with MarketBeat.com's FREE daily email newsletter.