FY2017 EPS Estimates for 1-800-Flowers.com Inc. (FLWS) Lowered by Analyst
1-800-Flowers.com Inc. (NASDAQ:FLWS) – Research analysts at Northcoast Research dropped their FY2017 EPS estimates for 1-800-Flowers.com in a research note issued to investors on Friday. Northcoast Research analyst J. Stein now anticipates that the firm will post earnings of $0.48 per share for the year, down from their prior forecast of $0.53. Northcoast Research also issued estimates for 1-800-Flowers.com’s Q2 2018 earnings at $1.08 EPS and FY2018 earnings at $0.60 EPS.
1-800-Flowers.com (NASDAQ:FLWS) last announced its quarterly earnings data on Thursday, August 25th. The company reported ($0.14) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.14). The company had revenue of $234.40 million for the quarter, compared to the consensus estimate of $228.18 million. 1-800-Flowers.com had a return on equity of 12.33% and a net margin of 3.14%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.13) EPS.
A number of other equities research analysts also recently issued reports on the company. Zacks Investment Research upgraded 1-800-Flowers.com from a “sell” rating to a “hold” rating in a research report on Tuesday, September 13th. B. Riley reiterated a “buy” rating and issued a $11.00 price objective on shares of 1-800-Flowers.com in a research report on Monday, September 5th. Noble Financial reiterated a “buy” rating and issued a $12.50 price objective (up previously from $11.00) on shares of 1-800-Flowers.com in a research report on Monday, August 29th. Wunderlich lowered their price objective on 1-800-Flowers.com from $12.00 to $9.00 and set a “buy” rating on the stock in a research report on Tuesday, August 23rd. Finally, Ladenburg Thalmann initiated coverage on 1-800-Flowers.com in a research report on Wednesday, August 17th. They set an “outperform” rating on the stock. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. 1-800-Flowers.com has an average rating of “Buy” and a consensus target price of $11.63.
1-800-Flowers.com (NASDAQ:FLWS) opened at 9.07 on Monday. The firm has a market capitalization of $589.65 million, a P/E ratio of 16.49 and a beta of 1.76. The stock has a 50 day moving average price of $9.21 and a 200-day moving average price of $8.62. 1-800-Flowers.com has a 52 week low of $6.11 and a 52 week high of $10.88.
In other news, General Counsel Gerard M. Gallagher sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $9.28, for a total transaction of $232,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 53.90% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James & Associates boosted its position in shares of 1-800-Flowers.com by 9.2% in the second quarter. Raymond James & Associates now owns 14,300 shares of the company’s stock worth $129,000 after buying an additional 1,200 shares during the period. American International Group Inc. boosted its stake in 1-800-Flowers.com by 2.4% in the second quarter. American International Group Inc. now owns 14,986 shares of the company’s stock valued at $135,000 after buying an additional 347 shares during the last quarter. Globeflex Capital L P boosted its stake in 1-800-Flowers.com by 30.2% in the second quarter. Globeflex Capital L P now owns 15,359 shares of the company’s stock valued at $139,000 after buying an additional 3,559 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in 1-800-Flowers.com by 7.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 19,753 shares of the company’s stock valued at $156,000 after buying an additional 1,428 shares during the last quarter. Finally, Bank of Montreal Can acquired a new stake in 1-800-Flowers.com during the second quarter valued at about $186,000. 34.34% of the stock is currently owned by hedge funds and other institutional investors.
1-800-FLOWERS.COM, Inc is a provider of gourmet food and floral gifts for all occasions. The Company offers gifts for every occasion, including fresh flowers and a selection of plants, gift baskets, gourmet foods, confections, candles, balloons and stuffed animals. The Company operates through three business segments: Consumer Floral, Gourmet Food and Gift Baskets, and BloomNet Wire Service.
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