Floor & Decor Holdings, Inc. (FND) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS
Floor & Decor Holdings, Inc. (NYSE:FND) issued its earnings results on Thursday. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.03, Briefing.com reports. The firm had revenue of $343.90 million during the quarter, compared to analyst estimates of $338.62 million. The business’s quarterly revenue was up 26.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.12 earnings per share. Floor & Decor Holdings updated its Q4 guidance to $0.14-$0.16 EPS and its FY17 guidance to $0.64-$0.65 EPS.
Floor & Decor Holdings (NYSE:FND) traded up $2.50 during mid-day trading on Friday, reaching $41.29. The company’s stock had a trading volume of 2,417,892 shares, compared to its average volume of 272,839.
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Several brokerages have recently commented on FND. Zacks Investment Research downgraded Floor & Decor Holdings from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. BMO Capital Markets began coverage on Floor & Decor Holdings in a research note on Thursday, September 14th. They issued a “market perform” rating and a $41.00 target price for the company. Telsey Advisory Group began coverage on Floor & Decor Holdings in a research note on Tuesday, July 11th. They issued a “market perform” rating and a $38.00 target price for the company. Wedbush upgraded Floor & Decor Holdings from a “neutral” rating to an “outperform” rating and set a $45.00 target price for the company in a research note on Monday, July 24th. They noted that the move was a valuation call. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $42.00 target price on shares of Floor & Decor Holdings in a research note on Thursday, October 12th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $42.60.
In other Floor & Decor Holdings news, Director George Vincent West sold 50,000 shares of Floor & Decor Holdings stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $37.90, for a total transaction of $1,895,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
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).
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