Floor & Decor Holdings, Inc. (NYSE:FND) Updates Q2 Earnings Guidance
Floor & Decor Holdings, Inc. (NYSE:FND) issued an update on its second quarter earnings guidance on Monday morning. The company provided EPS guidance of $0.19-0.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.18. The company issued revenue guidance of $342.0 -344.0 million, compared to the consensus revenue estimate of $334.16 million.
Floor & Decor Holdings, Inc. (NYSE:FND) traded up 0.15% during trading on Monday, reaching $39.47. 157,483 shares of the company’s stock traded hands. The company’s 50 day moving average is $40.10 and its 200-day moving average is $38.97. The stock has a market cap of $3.30 billion and a price-to-earnings ratio of 73.64. Floor & Decor Holdings, Inc. has a 52-week low of $29.37 and a 52-week high of $46.99.
Floor & Decor Holdings (NYSE:FND) last announced its quarterly earnings results on Thursday, May 25th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The firm had revenue of $307.30 million during the quarter, compared to analysts’ expectations of $306.16 million. Floor & Decor Holdings’s revenue for the quarter was up 30.6% compared to the same quarter last year. On average, analysts anticipate that Floor & Decor Holdings, Inc. will post $0.57 earnings per share for the current fiscal year.
A number of equities research analysts have recently issued reports on FND shares. Bank of America Corporation reissued a neutral rating and issued a $42.00 price target (up from $40.00) on shares of Floor & Decor Holdings in a report on Sunday, May 28th. Jefferies Group LLC started coverage on shares of Floor & Decor Holdings in a report on Monday, May 22nd. They issued a hold rating and a $38.00 price target on the stock. Wedbush started coverage on shares of Floor & Decor Holdings in a report on Wednesday, June 14th. They issued a neutral rating and a $45.00 price target on the stock. Piper Jaffray Companies started coverage on shares of Floor & Decor Holdings in a report on Monday, May 22nd. They issued a neutral rating and a $40.00 price target on the stock. Finally, Wells Fargo & Company started coverage on shares of Floor & Decor Holdings in a report on Friday, May 26th. They issued a market perform rating and a $40.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Floor & Decor Holdings currently has an average rating of Hold and an average price target of $41.18.
In related news, SVP David Victor Christopherson bought 2,500 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The shares were acquired at an average cost of $21.00 per share, with a total value of $52,500.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Brian K. Robbins bought 3,560 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The stock was bought at an average cost of $21.00 per share, for a total transaction of $74,760.00. Following the completion of the purchase, the executive vice president now directly owns 3,560 shares of the company’s stock, valued at $74,760. The disclosure for this purchase can be found here.
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Floor & Decor Holdings Company Profile
Floor & Decor Holdings, Inc, formerly FDO Holdings, Inc, is a retailer of hard surface flooring and related accessories. The Company retails its products such as tile, stone, wood, marble, glass and decoratives. The Company has 72 stores across 17 states in the United States. The Company provides its products to customers, including professional installers and commercial businesses (Pro), Do it Yourself customers (DIY) and customers who buy the products for professional installation (Buy it Yourself or BIY).
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