Floor & Decor (FND) Set to Announce Earnings on Thursday

Floor & Decor (NYSE:FND) is scheduled to release its earnings data after the market closes on Thursday, May 2nd. Analysts expect Floor & Decor to post earnings of $0.45 per share for the quarter. Floor & Decor has set its FY24 guidance at $1.75 to $2.05 EPS and its FY 2024 guidance at 1.750-2.050 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.07. Floor & Decor had a return on equity of 13.38% and a net margin of 5.57%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the company posted $0.64 EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year. On average, analysts expect Floor & Decor to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Floor & Decor Stock Performance

Shares of FND stock opened at $109.67 on Thursday. Floor & Decor has a 12-month low of $76.30 and a 12-month high of $135.67. The firm has a market capitalization of $11.71 billion, a price-to-earnings ratio of 48.31, a price-to-earnings-growth ratio of 5.23 and a beta of 1.85. The business has a 50 day simple moving average of $119.01 and a 200 day simple moving average of $105.00. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.14 and a quick ratio of 0.18.

Insider Activity

In other news, CEO Thomas V. Taylor sold 20,000 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $123.11, for a total value of $2,462,200.00. Following the completion of the sale, the chief executive officer now owns 174,315 shares in the company, valued at $21,459,919.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Thomas V. Taylor sold 20,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $123.11, for a total value of $2,462,200.00. Following the transaction, the chief executive officer now directly owns 174,315 shares of the company’s stock, valued at $21,459,919.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Trevor Lang sold 13,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $123.28, for a total transaction of $1,602,640.00. Following the completion of the transaction, the president now directly owns 170,844 shares in the company, valued at $21,061,648.32. The disclosure for this sale can be found here. Insiders sold 90,867 shares of company stock worth $11,016,089 over the last quarter. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on FND shares. Telsey Advisory Group upped their target price on Floor & Decor from $95.00 to $110.00 and gave the stock a “market perform” rating in a research report on Friday, February 23rd. Mizuho started coverage on Floor & Decor in a research report on Tuesday, March 19th. They issued a “neutral” rating and a $115.00 target price for the company. UBS Group downgraded Floor & Decor from a “buy” rating to a “neutral” rating and set a $135.00 target price for the company. in a research report on Tuesday, March 5th. Wedbush upped their target price on Floor & Decor from $115.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Finally, Barclays upped their target price on Floor & Decor from $66.00 to $75.00 and gave the stock an “underweight” rating in a research report on Thursday, January 4th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Floor & Decor presently has a consensus rating of “Hold” and an average target price of $110.19.

About Floor & Decor

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.