Finish Line Declares Quarterly Dividend of $0.07 (FINL)
Finish Line (NASDAQ:FINL) declared a quarterly dividend on Wednesday, January 16th. Shareholders of record on Friday, March 1st will be given a dividend of $0.07 per share on Monday, March 18th. This represents a $0.28 dividend on an annualized basis and a yield of 1.58%.
A number of research firms have also recently commented on FINL. Analysts at Zacks downgraded shares of Finish Line from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, January 9th. They now have a $16.70 price target on the stock. On the ratings front, analysts at Gilford Securities reiterated a “buy” rating on shares of Finish Line in a research note to investors on Monday, January 7th. Finally, analysts at B. Riley downgraded shares of Finish Line from a “buy” rating to a “neutral” rating in a research note to investors on Monday, January 7th.
Two research analysts have rated the stock with a buy rating, eleven have assigned a hold rating, and one has assigned an underweight rating to the company. The company presently has an average rating of “hold” and a consensus price target of $18.98.
Shares of Finish Line (FINL) traded up 1.20% during mid-day trading on Wednesday, hitting $17.73. Finish Line (FINL) has a one year low of $16.87 and a one year high of $26.16. The stock’s 50-day moving average is currently $18.82. The company has a market cap of $881.3 million and a P/E ratio of 11.49.
Finish Line last announced its earnings results on Friday, January 4th. The company reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by $0.11. The company had revenue of $296.60 million for the quarter, compared to the consensus estimate of $298.48 million. During the same quarter in 2012, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. Finish Line has set its Q4 guidance at $0.74-0.78 EPS. On average, analysts predict that Finish Line (FINL) will post $1.49 earnings per share for the current fiscal year.
The Finish Line, Inc., together with its subsidiaries, is a mall-based specialty retailers in the United States, and operates two retail divisions under the Finish Line brand name (Finish Line) and Running Specialty Group (Running Specialty).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.