Q3 2018 Earnings Estimate for FTD Companies Inc Issued By DA Davidson (FTD)

FTD Companies Inc (NASDAQ:FTD) – Equities research analysts at DA Davidson decreased their Q3 2018 EPS estimates for FTD Companies in a research note issued on Thursday. DA Davidson analyst L. Weiser now expects that the company will post earnings per share of ($0.26) for the quarter, down from their prior estimate of ($0.16). DA Davidson currently has a “Neutral” rating and a $8.00 price objective on the stock. DA Davidson also issued estimates for FTD Companies’ Q4 2018 earnings at ($0.01) EPS, FY2018 earnings at $0.39 EPS and FY2019 earnings at $0.24 EPS.

FTD Companies (NASDAQ:FTD) last posted its quarterly earnings data on Wednesday, November 8th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the Zacks’ 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%.

A number of other analysts also recently weighed in on the stock. Zacks Investment Research raised shares of FTD Companies from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 10th. Craig Hallum cut their price target on shares of FTD Companies from $18.00 to $10.00 and set a “hold” rating for the company in a report on Thursday, November 9th. Finally, ValuEngine downgraded shares of FTD Companies from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $13.00.

Shares of FTD Companies (NASDAQ:FTD) opened at $6.70 on Monday. The company has a quick ratio of 0.51, a current ratio of 0.76 and a debt-to-equity ratio of 0.60. The stock has a market cap of $184.56, a PE ratio of -1.27, a price-to-earnings-growth ratio of 1.15 and a beta of 0.37. FTD Companies has a twelve month low of $6.47 and a twelve month high of $24.85.

A number of hedge funds have recently added to or reduced their stakes in FTD. Schwab Charles Investment Management Inc. increased its position in FTD Companies by 1.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 90,142 shares of the company’s stock worth $1,803,000 after purchasing an additional 1,044 shares in the last quarter. Legal & General Group Plc increased its position in FTD Companies by 12.1% during the 2nd quarter. Legal & General Group Plc now owns 32,925 shares of the company’s stock worth $658,000 after purchasing an additional 3,549 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in FTD Companies by 91.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,588 shares of the company’s stock worth $132,000 after purchasing an additional 3,152 shares in the last quarter. Principal Financial Group Inc. increased its position in FTD Companies by 0.8% during the 2nd quarter. Principal Financial Group Inc. now owns 131,459 shares of the company’s stock worth $2,629,000 after purchasing an additional 1,107 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in FTD Companies by 2.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 14,281 shares of the company’s stock worth $286,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 60.55% of the company’s stock.

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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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