Zacks: Analysts Expect Lumber Liquidators Holdings Inc (LL) Will Post Earnings of $0.09 Per Share

Analysts expect that Lumber Liquidators Holdings Inc (NYSE:LL) will announce $0.09 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Lumber Liquidators’ earnings. The lowest EPS estimate is $0.03 and the highest is $0.16. Lumber Liquidators posted earnings per share of ($0.20) in the same quarter last year, which indicates a positive year-over-year growth rate of 145%. The company is scheduled to announce its next quarterly earnings report before the market opens on Tuesday, February 27th.

According to Zacks, analysts expect that Lumber Liquidators will report full-year earnings of ($1.33) per share for the current financial year, with EPS estimates ranging from ($1.38) to ($1.27). For the next financial year, analysts expect that the firm will report earnings of $0.83 per share, with EPS estimates ranging from $0.47 to $1.12. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Lumber Liquidators.

A number of brokerages have recently issued reports on LL. Wedbush cut Lumber Liquidators from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $39.00 to $28.00 in a report on Monday. Piper Jaffray Companies set a $32.00 target price on Lumber Liquidators and gave the stock a “hold” rating in a report on Wednesday, October 25th. Zacks Investment Research raised Lumber Liquidators from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a report on Wednesday, November 1st. Stifel Nicolaus reissued a “hold” rating and issued a $33.00 target price on shares of Lumber Liquidators in a report on Wednesday, November 1st. Finally, Oppenheimer reissued a “buy” rating on shares of Lumber Liquidators in a report on Wednesday, October 25th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Lumber Liquidators has an average rating of “Hold” and an average target price of $29.67.

Lumber Liquidators (NYSE:LL) opened at $24.49 on Tuesday. Lumber Liquidators has a twelve month low of $15.25 and a twelve month 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. The stock has a market capitalization of $765.11, a P/E ratio of -15.02, a PEG ratio of 1.18 and a beta of 1.82.

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Lumber Liquidators by 7.7% in the 4th quarter. BlackRock Inc. now owns 4,087,391 shares of the specialty retailer’s stock valued at $128,302,000 after buying an additional 293,626 shares during the last quarter. Vanguard Group Inc. boosted its position in Lumber Liquidators by 7.0% in the 2nd quarter. Vanguard Group Inc. now owns 2,504,255 shares of the specialty retailer’s stock valued at $62,756,000 after buying an additional 162,866 shares during the last quarter. State Street Corp boosted its position in Lumber Liquidators by 5.1% in the 2nd quarter. State Street Corp now owns 631,095 shares of the specialty retailer’s stock valued at $15,820,000 after buying an additional 30,639 shares during the last quarter. FMR LLC bought a new position in Lumber Liquidators in the 2nd quarter valued at $10,906,000. Finally, Columbus Circle Investors boosted its position in Lumber Liquidators by 184.8% in the 3rd quarter. Columbus Circle Investors now owns 404,804 shares of the specialty retailer’s stock valued at $15,779,000 after buying an additional 262,673 shares during the last quarter. 78.37% of the stock is owned by hedge funds and other institutional investors.

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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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