FTD Companies Inc Forecasted to Earn Q1 2018 Earnings of $0.35 Per Share (FTD)

FTD Companies Inc (NASDAQ:FTD) – Stock analysts at DA Davidson reduced their Q1 2018 earnings per share estimates for FTD Companies in a research report issued on Thursday. DA Davidson analyst L. Weiser now anticipates that the company will post earnings per share of $0.35 for the quarter, down from their previous estimate of $0.46. DA Davidson has a “Neutral” rating and a $8.00 price target on the stock. DA Davidson also issued estimates for FTD Companies’ Q2 2018 earnings at $0.32 EPS.

FTD Companies (NASDAQ:FTD) last issued its earnings results on Wednesday, November 8th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.25). FTD Companies had a negative net margin of 13.26% and a positive return on equity of 5.37%.

FTD has been the topic of several other reports. ValuEngine downgraded FTD Companies from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Zacks Investment Research upgraded FTD Companies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, Craig Hallum cut their target price on FTD Companies from $18.00 to $10.00 and set a “hold” rating on the stock in a research note on Thursday, November 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. FTD Companies currently has a consensus rating of “Hold” and an average price target of $13.00.

Shares of FTD Companies (NASDAQ FTD) opened at $6.86 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.76. FTD Companies has a 52 week low of $6.47 and a 52 week high of $24.85. The company has a market capitalization of $194.48, a price-to-earnings ratio of -1.30, a price-to-earnings-growth ratio of 0.57 and a beta of 0.37.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. bought a new position in shares of FTD Companies during the 2nd quarter valued at $1,178,000. Penserra Capital Management LLC raised its holdings in FTD Companies by 55.5% in the 3rd quarter. Penserra Capital Management LLC now owns 142,147 shares of the company’s stock worth $1,853,000 after purchasing an additional 50,760 shares during the period. TIAA CREF Investment Management LLC raised its holdings in FTD Companies by 20.4% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 84,340 shares of the company’s stock worth $1,687,000 after purchasing an additional 14,278 shares during the period. Gotham Asset Management LLC bought a new position in FTD Companies in the 2nd quarter worth $254,000. Finally, Skylands Capital LLC bought a new position in FTD Companies in the 4th quarter worth $3,288,000. 58.89% of the stock is currently owned by hedge funds and other institutional investors.

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About FTD Companies

FTD Companies, Inc (FTD) is a floral and gifting company. The Company operates through four segments: Consumer, Florist, International and Provide Commerce. Through its Consumer segment, FTD is a direct marketer of floral and gift products for consumers, primarily in the United States and Canada. Through its Florist segment, the Company is a provider of products and services to its floral network members, which include traditional retail florists and other non-florist retail locations, primarily in the United States and Canada.

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