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.
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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