$158.56 Million in Sales Expected for 1-800 FLOWERS.COM, Inc. (FLWS) This Quarter
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.
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.
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