Brokerages Anticipate Finish Line Inc (FINL) Will Post Earnings of $0.57 Per Share

Analysts expect Finish Line Inc (NASDAQ:FINL) to announce earnings of $0.57 per share for the current quarter, Zacks reports. Six analysts have issued estimates for Finish Line’s earnings, with the highest EPS estimate coming in at $0.61 and the lowest estimate coming in at $0.52. Finish Line reported earnings per share of $0.50 in the same quarter last year, which suggests a positive year over year growth rate of 14%. The company is expected to report its next earnings results on Friday, March 23rd.

On average, analysts expect that Finish Line will report full-year earnings of $0.64 per share for the current year, with EPS estimates ranging from $0.50 to $0.71. For the next year, analysts forecast that the firm will post earnings of $0.71 per share, with EPS estimates ranging from $0.30 to $0.84. Zacks’ EPS averages are a mean average based on a survey of analysts that follow Finish Line.

Finish Line (NASDAQ:FINL) last released its quarterly earnings results on Thursday, December 21st. The specialty retailer reported ($0.26) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.36) by $0.10. Finish Line had a positive return on equity of 5.43% and a negative net margin of 0.62%. The company had revenue of $378.50 million during the quarter, compared to analysts’ expectations of $361.46 million. During the same quarter in the prior year, the business posted ($0.24) earnings per share. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year.

FINL has been the subject of several research reports. FBR & Co set a $10.00 target price on Finish Line and gave the company a “hold” rating in a research note on Tuesday, October 17th. Deutsche Bank raised Finish Line from a “sell” rating to a “hold” rating and set a $11.00 target price for the company in a research note on Thursday, December 14th. Zacks Investment Research raised Finish Line from a “sell” rating to a “hold” rating in a research note on Monday, November 20th. B. Riley raised their target price on Finish Line from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Thursday, December 28th. Finally, BidaskClub raised Finish Line from a “sell” rating to a “hold” rating in a research note on Friday, December 15th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $11.29.

Several hedge funds and other institutional investors have recently made changes to their positions in FINL. Teachers Advisors LLC lifted its holdings in shares of Finish Line by 1.8% during the second quarter. Teachers Advisors LLC now owns 74,464 shares of the specialty retailer’s stock valued at $1,055,000 after purchasing an additional 1,313 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Finish Line by 20.1% during the second quarter. Ameriprise Financial Inc. now owns 255,915 shares of the specialty retailer’s stock valued at $3,626,000 after purchasing an additional 42,881 shares during the last quarter. Nationwide Fund Advisors lifted its holdings in shares of Finish Line by 179.5% during the second quarter. Nationwide Fund Advisors now owns 80,726 shares of the specialty retailer’s stock valued at $1,144,000 after purchasing an additional 51,841 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Finish Line by 3.6% during the second quarter. California Public Employees Retirement System now owns 217,659 shares of the specialty retailer’s stock valued at $3,084,000 after purchasing an additional 7,600 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of Finish Line by 8.1% during the second quarter. Parametric Portfolio Associates LLC now owns 256,314 shares of the specialty retailer’s stock valued at $3,632,000 after purchasing an additional 19,218 shares during the last quarter. 99.96% of the stock is owned by institutional investors and hedge funds.

Finish Line (NASDAQ FINL) opened at $10.39 on Friday. Finish Line has a 52 week low of $6.90 and a 52 week high of $18.30. The stock has a market capitalization of $430.28, a price-to-earnings ratio of -37.11, a PEG ratio of 1.57 and a beta of 1.15.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Friday, March 2nd will be issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 4.43%. This is an increase from Finish Line’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, March 1st. Finish Line’s dividend payout ratio is currently -157.14%.

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About Finish Line

The Finish Line, Inc is a specialty retailer. The Company is a retailer of athletic shoes, apparel and accessories for men, women and kids, throughout the United States and Puerto Rico. The Company operates through the Finish Line brand. Finish Line is a retailer of athletic shoes, apparel and accessories.

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Earnings History and Estimates for Finish Line (NASDAQ:FINL)

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