Equities analysts expect that The Finish Line, Inc. (NASDAQ:FINL) will announce sales of $477.16 million for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for The Finish Line’s earnings, with estimates ranging from $469.34 million to $483.40 million. The Finish Line reported sales of $509.40 million during the same quarter last year, which indicates a negative year-over-year growth rate of 6.3%. The business is expected to announce its next earnings results on Friday, September 22nd.

On average, analysts expect that The Finish Line will report full year sales of $477.16 million for the current financial year, with estimates ranging from $1.87 billion to $1.93 billion. For the next year, analysts anticipate that the company will post sales of $1.91 billion per share, with estimates ranging from $1.87 billion to $1.95 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that cover The Finish Line.

The Finish Line (NASDAQ:FINL) last released its earnings results on Friday, June 23rd. The specialty retailer reported $0.23 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23. The firm had revenue of $429.80 million for the quarter, compared to analysts’ expectations of $433.97 million. The Finish Line had a positive return on equity of 8.97% and a negative net margin of 1.05%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.23 EPS.

A number of research analysts have recently weighed in on the company. Jefferies Group LLC set a $19.00 target price on The Finish Line and gave the company a “buy” rating in a report on Saturday, May 6th. Zacks Investment Research upgraded The Finish Line from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Canaccord Genuity restated a “hold” rating and issued a $14.00 target price on shares of The Finish Line in a report on Friday, May 26th. Bank of America Corporation raised their target price on The Finish Line from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Friday, July 21st. Finally, Wedbush restated a “neutral” rating and issued a $15.00 target price on shares of The Finish Line in a report on Friday, June 16th. Nineteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $18.11.

In related news, COO Melissa A. Greenwell sold 4,077 shares of The Finish Line stock in a transaction on Saturday, July 29th. The stock was sold at an average price of $21.67, for a total transaction of $88,348.59. Following the completion of the sale, the chief operating officer now owns 11,862 shares of the company’s stock, valued at $257,049.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Melissa A. Greenwell sold 7,525 shares of The Finish Line stock in a transaction on Saturday, July 15th. The shares were sold at an average price of $22.71, for a total value of $170,892.75. Following the sale, the chief operating officer now directly owns 11,862 shares of the company’s stock, valued at approximately $269,386.02. The disclosure for this sale can be found here. 6.00% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of FINL. SG Americas Securities LLC purchased a new stake in shares of The Finish Line during the second quarter valued at about $102,000. State of Alaska Department of Revenue raised its stake in shares of The Finish Line by 77.0% in the second quarter. State of Alaska Department of Revenue now owns 7,964 shares of the specialty retailer’s stock valued at $112,000 after buying an additional 3,464 shares during the period. Mason Street Advisors LLC raised its stake in shares of The Finish Line by 7.0% in the first quarter. Mason Street Advisors LLC now owns 9,484 shares of the specialty retailer’s stock valued at $135,000 after buying an additional 620 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of The Finish Line by 7.4% in the first quarter. Public Employees Retirement System of Ohio now owns 9,465 shares of the specialty retailer’s stock valued at $135,000 after buying an additional 650 shares during the period. Finally, Weiss Asset Management LP purchased a new stake in shares of The Finish Line during the first quarter valued at about $157,000.

Shares of The Finish Line (FINL) opened at 13.39 on Friday. The firm has a 50-day moving average price of $13.96 and a 200 day moving average price of $15.08. The company’s market cap is $537.55 million. The Finish Line has a 1-year low of $12.25 and a 1-year high of $24.52.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 25th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Wednesday, August 23rd. The Finish Line’s dividend payout ratio is -89.80%.

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The Finish Line Company Profile

The Finish Line, Inc is a specialty retailer. The Company is a retailer of athletic shoes, apparel and accessories for men, women and kids, throughout the United States and Puerto Rico. The Company operates through the Finish Line brand. Finish Line is a retailer of athletic shoes, apparel and accessories.

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Earnings History and Estimates for The Finish Line (NASDAQ:FINL)

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