Floor & Decor Holdings, Inc. (FND) Releases Q4 Earnings Guidance
Floor & Decor Holdings, Inc. (NYSE:FND) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.14-$0.16 for the period, compared to the Thomson Reuters consensus estimate of $0.13. The company issued revenue guidance of $362-$370 million, compared to the consensus revenue estimate of $347.23 million.Floor & Decor Holdings also updated its FY17 guidance to $0.64-$0.65 EPS.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Floor & Decor Holdings from a buy rating to a hold rating in a research report on Wednesday. Loop Capital assumed coverage on shares of Floor & Decor Holdings in a research report on Friday, August 18th. They set a hold rating and a $35.00 target price for the company. BMO Capital Markets assumed coverage on shares of Floor & Decor Holdings in a research report on Thursday, September 14th. They set a market perform rating and a $41.00 target price for the company. Piper Jaffray Companies restated a hold rating and set a $42.00 target price on shares of Floor & Decor Holdings in a research report on Thursday, October 12th. Finally, J P Morgan Chase & Co assumed coverage on shares of Floor & Decor Holdings in a research report on Monday, October 16th. They set an overweight rating and a $46.00 target price for the company. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $41.40.
In other Floor & Decor Holdings news, Director George Vincent West sold 50,000 shares of Floor & Decor Holdings stock in a transaction on Friday, October 20th. The shares were sold at an average price of $37.90, for a total transaction of $1,895,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
COPYRIGHT VIOLATION WARNING: This story was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another site, it was stolen and reposted in violation of US & international copyright legislation. The original version of this story can be read at https://www.americanbankingnews.com/2017/11/02/floor-decor-holdings-inc-fnd-releases-q4-earnings-guidance.html.
Floor & Decor Holdings Company Profile
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).
Receive News & Ratings for Floor & Decor Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Floor & Decor Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.