Lumber Liquidators Holdings Inc (LL) Expected to Announce Quarterly Sales of $264.85 Million

Wall Street brokerages expect Lumber Liquidators Holdings Inc (NYSE:LL) to post sales of $264.85 million for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Lumber Liquidators’ earnings. The lowest sales estimate is $261.24 million and the highest is $266.87 million. Lumber Liquidators posted sales of $244.90 million in the same quarter last year, which would indicate a positive year over year growth rate of 8.1%. The firm is expected to announce its next quarterly earnings results on Tuesday, February 20th.

On average, analysts expect that Lumber Liquidators will report full year sales of $264.85 million for the current financial year, with estimates ranging from $1.03 billion to $1.04 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.11 billion per share, with estimates ranging from $1.10 billion to $1.12 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Lumber Liquidators.

Lumber Liquidators (NYSE:LL) last released its quarterly earnings results on Tuesday, October 31st. The specialty retailer reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.04. Lumber Liquidators had a negative net margin of 4.57% and a negative return on equity of 2.39%. The business had revenue of $257.19 million for the quarter, compared to analysts’ expectations of $261.59 million.

A number of brokerages have issued reports on LL. Piper Jaffray Companies set a $32.00 price objective on shares of Lumber Liquidators and gave the company a “hold” rating in a research note on Wednesday, October 25th. Zacks Investment Research raised shares of Lumber Liquidators from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Wednesday, November 1st. Stifel Nicolaus reiterated a “hold” rating and issued a $33.00 target price on shares of Lumber Liquidators in a report on Wednesday, November 1st. Morgan Stanley increased their target price on shares of Lumber Liquidators from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, October 2nd. Finally, Oppenheimer reiterated an “outperform” rating and issued a $43.00 target price on shares of Lumber Liquidators in a report on Wednesday, October 4th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $30.89.

A number of institutional investors and hedge funds have recently bought and sold shares of LL. Nationwide Fund Advisors raised its holdings in shares of Lumber Liquidators by 3.9% during the second quarter. Nationwide Fund Advisors now owns 15,708 shares of the specialty retailer’s stock worth $394,000 after acquiring an additional 590 shares during the period. Voya Investment Management LLC raised its holdings in shares of Lumber Liquidators by 8.6% during the second quarter. Voya Investment Management LLC now owns 12,770 shares of the specialty retailer’s stock worth $320,000 after acquiring an additional 1,009 shares during the period. Thrivent Financial For Lutherans raised its holdings in shares of Lumber Liquidators by 7.3% during the second quarter. Thrivent Financial For Lutherans now owns 17,230 shares of the specialty retailer’s stock worth $432,000 after acquiring an additional 1,170 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Lumber Liquidators by 0.5% during the second quarter. Principal Financial Group Inc. now owns 215,892 shares of the specialty retailer’s stock worth $5,410,000 after acquiring an additional 1,179 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Lumber Liquidators by 5.8% during the second quarter. The Manufacturers Life Insurance Company now owns 21,889 shares of the specialty retailer’s stock worth $549,000 after acquiring an additional 1,195 shares during the period. Institutional investors own 79.00% of the company’s stock.

Lumber Liquidators (NYSE:LL) opened at $30.76 on Monday. Lumber Liquidators has a 52 week low of $15.25 and a 52 week high of $41.33. The company has a quick ratio of 0.21, a current ratio of 1.84 and a debt-to-equity ratio of 0.17.

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Lumber Liquidators Company Profile

Lumber Liquidators Holdings, Inc is a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The Company offers hardwood species, engineered hardwood, laminate and resilient vinyl flooring direct to the consumer. Its product categories include Solid and Engineered Hardwood; Laminate; Bamboo, Cork, Vinyl Plank and Other, Moldings and Accessories, and Non-Merchandise Services.

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Earnings History and Estimates for Lumber Liquidators (NYSE:LL)

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