Brokerages expect Lumber Liquidators Holdings Inc (NYSE:LL) to announce $281.26 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Lumber Liquidators’ earnings, with estimates ranging from $278.50 million to $284.90 million. Lumber Liquidators reported sales of $257.19 million in the same quarter last year, which indicates a positive year over year growth rate of 9.4%. The business is scheduled to issue its next earnings results on Tuesday, October 30th.
On average, analysts expect that Lumber Liquidators will report full-year sales of $1.11 billion for the current fiscal year, with estimates ranging from $1.10 billion to $1.12 billion. For the next year, analysts expect that the business will post sales of $1.19 billion, with estimates ranging from $1.17 billion to $1.22 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Lumber Liquidators.
Lumber Liquidators (NYSE:LL) last released its earnings results on Tuesday, July 31st. The specialty retailer reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.28). The company had revenue of $283.50 million during the quarter, compared to analyst estimates of $281.26 million. Lumber Liquidators had a negative net margin of 1.82% and a positive return on equity of 3.24%. Lumber Liquidators’s revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.16 EPS.
A number of analysts recently issued reports on LL shares. Citigroup started coverage on Lumber Liquidators in a research report on Wednesday. They issued a “neutral” rating and a $15.00 target price on the stock. Morgan Stanley lowered their price target on Lumber Liquidators from $21.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Thursday. Zacks Investment Research raised Lumber Liquidators from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 4th. TheStreet raised Lumber Liquidators from a “d+” rating to a “c-” rating in a research report on Tuesday, July 3rd. Finally, Longbow Research initiated coverage on Lumber Liquidators in a research report on Friday, August 24th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. Lumber Liquidators currently has a consensus rating of “Hold” and an average target price of $22.73.
A number of hedge funds and other institutional investors have recently made changes to their positions in LL. Macquarie Group Ltd. acquired a new position in shares of Lumber Liquidators in the second quarter valued at approximately $127,000. First Mercantile Trust Co. acquired a new position in shares of Lumber Liquidators in the second quarter valued at approximately $127,000. NumerixS Investment Technologies Inc grew its position in shares of Lumber Liquidators by 530.0% in the second quarter. NumerixS Investment Technologies Inc now owns 6,300 shares of the specialty retailer’s stock valued at $156,000 after purchasing an additional 5,300 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of Lumber Liquidators in the second quarter valued at approximately $162,000. Finally, Pinebridge Investments L.P. acquired a new position in shares of Lumber Liquidators in the second quarter valued at approximately $177,000. 79.63% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:LL opened at $13.22 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.16 and a current ratio of 1.73. The stock has a market capitalization of $442.84 million, a P/E ratio of -10.40, a P/E/G ratio of 1.17 and a beta of 1.38. Lumber Liquidators has a 52-week low of $13.00 and a 52-week high of $36.85.
Lumber Liquidators Company Profile
Lumber Liquidators Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The company offers hardwood species, engineered hardwood, laminates, resilient vinyl flooring, and wood-look ceramic; renewable flooring, and bamboo and cork products; and a selection of flooring enhancements and accessories, including moldings, noise-reducing underlay, adhesives, and flooring tools under the Bellawood and Morning Star Bamboo brands.
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