Zacks: Analysts Expect The Finish Line, Inc. (FINL) to Announce -$0.37 Earnings Per Share
Equities analysts expect that The Finish Line, Inc. (NASDAQ:FINL) will post earnings per share of ($0.37) for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for The Finish Line’s earnings, with estimates ranging from ($0.40) to ($0.34). The Finish Line reported earnings of ($0.24) per share during the same quarter last year, which indicates a negative year over year growth rate of 54.2%. The business is expected to announce its next quarterly earnings results on Wednesday, December 20th.
On average, analysts expect that The Finish Line will report full year earnings of $0.53 per share for the current financial year, with EPS estimates ranging from $0.50 to $0.56. For the next year, analysts anticipate that the business will post earnings of $0.57 per share, with EPS estimates ranging from $0.30 to $0.75. Zacks’ EPS calculations are an average based on a survey of research firms that cover The Finish Line.
The Finish Line (NASDAQ:FINL) last announced its quarterly earnings results on Friday, September 22nd. The specialty retailer reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.01. The firm had revenue of $469.40 million during the quarter, compared to the consensus estimate of $478.25 million. The Finish Line had a positive return on equity of 5.44% and a negative net margin of 2.13%. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 earnings per share.
Several equities research analysts have issued reports on FINL shares. Wells Fargo & Company restated a “market perform” rating and set a $12.00 price objective (up from $9.00) on shares of The Finish Line in a report on Monday, September 25th. Deutsche Bank AG downgraded The Finish Line from a “hold” rating to a “sell” rating and dropped their price objective for the stock from $15.00 to $5.00 in a report on Tuesday, August 29th. UBS AG upgraded The Finish Line from a “neutral” rating to a “positive” rating in a report on Wednesday, September 13th. Cowen and Company restated a “hold” rating and set a $13.00 price objective on shares of The Finish Line in a report on Sunday, September 17th. Finally, Jefferies Group LLC set a $17.00 price objective on The Finish Line and gave the stock a “buy” rating in a report on Sunday, August 20th. Six research analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $10.75.
In related news, COO Melissa A. Greenwell sold 4,077 shares of the business’s stock in a transaction that occurred on Saturday, July 29th. The stock was sold at an average price of $21.67, for a total transaction of $88,348.59. Following the completion of the transaction, the chief operating officer now owns 11,862 shares in the company, valued at approximately $257,049.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.00% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. boosted its position in The Finish Line by 19.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 488,067 shares of the specialty retailer’s stock worth $6,916,000 after acquiring an additional 79,086 shares during the period. Airain ltd boosted its position in The Finish Line by 37.9% during the 2nd quarter. Airain ltd now owns 148,369 shares of the specialty retailer’s stock worth $2,102,000 after acquiring an additional 40,791 shares during the period. Thompson Siegel & Walmsley LLC boosted its position in The Finish Line by 8.2% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,917,439 shares of the specialty retailer’s stock worth $27,170,000 after acquiring an additional 146,110 shares during the period. Gotham Asset Management LLC acquired a new position in The Finish Line during the 2nd quarter worth $452,000. Finally, JPMorgan Chase & Co. boosted its position in The Finish Line by 233.4% during the 1st quarter. JPMorgan Chase & Co. now owns 120,679 shares of the specialty retailer’s stock worth $1,717,000 after acquiring an additional 84,484 shares during the period. Institutional investors own 99.94% of the company’s stock.
Shares of The Finish Line (FINL) traded down 2.51% during trading on Tuesday, reaching $10.48. The company had a trading volume of 936,086 shares. The company’s market capitalization is $421.22 million. The Finish Line has a 52-week low of $6.90 and a 52-week high of $24.50. The firm has a 50-day moving average price of $10.39 and a 200-day moving average price of $12.88.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 24th will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.44 dividend on an annualized basis and a yield of 4.20%. The Finish Line’s dividend payout ratio is currently -45.83%.
The Finish Line Company Profile
The Finish Line, Inc is a specialty retailer. The Company is a retailer of athletic shoes, apparel and accessories for men, women and kids, throughout the United States and Puerto Rico. The Company operates through the Finish Line brand. Finish Line is a retailer of athletic shoes, apparel and accessories.
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