FTD Companies Inc (FTD) Expected to Post Quarterly Sales of $268.63 Million
Brokerages expect that FTD Companies Inc (NASDAQ:FTD) will announce sales of $268.63 million for the current quarter, according to Zacks. Two analysts have made estimates for FTD Companies’ earnings. The lowest sales estimate is $266.20 million and the highest is $271.05 million. FTD Companies reported sales of $280.67 million in the same quarter last year, which indicates a negative year over year growth rate of 4.3%. The company is scheduled to report its next quarterly earnings report on Tuesday, March 13th.
According to Zacks, analysts expect that FTD Companies will report full-year sales of $268.63 million for the current financial year, with estimates ranging from $1.07 billion to $1.08 billion. For the next year, analysts forecast that the business will report sales of $1.08 billion per share, with estimates ranging from $1.06 billion to $1.09 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover FTD Companies.
A number of equities analysts have recently issued reports on FTD shares. Craig Hallum dropped their price objective on shares of FTD Companies from $18.00 to $10.00 and set a “hold” rating on the stock in a research note on Thursday, November 9th. DA Davidson dropped their price objective on shares of FTD Companies from $17.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 15th. Zacks Investment Research downgraded shares of FTD Companies from a “hold” rating to a “sell” rating in a research note on Thursday, November 23rd. Finally, ValuEngine downgraded shares of FTD Companies from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $13.00.
A number of institutional investors and hedge funds have recently made changes to their positions in FTD. Schwab Charles Investment Management Inc. boosted its stake in FTD Companies by 1.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 90,142 shares of the company’s stock valued at $1,803,000 after acquiring an additional 1,044 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in FTD Companies by 2.1% in the second quarter. JPMorgan Chase & Co. now owns 14,281 shares of the company’s stock valued at $286,000 after acquiring an additional 300 shares in the last quarter. Wells Fargo & Company MN boosted its stake in FTD Companies by 2.1% in the second quarter. Wells Fargo & Company MN now owns 13,014 shares of the company’s stock valued at $260,000 after acquiring an additional 268 shares in the last quarter. Teachers Advisors LLC boosted its stake in FTD Companies by 0.9% in the second quarter. Teachers Advisors LLC now owns 57,757 shares of the company’s stock valued at $1,155,000 after acquiring an additional 529 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its holdings in shares of FTD Companies by 20.4% in the second quarter. TIAA CREF Investment Management LLC now owns 84,340 shares of the company’s stock worth $1,687,000 after buying an additional 14,278 shares during the last quarter. Institutional investors own 58.32% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This piece was published by Daily Political and is owned by of Daily Political. If you are viewing this piece on another site, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be read at https://www.dailypolitical.com/2018/02/23/ftd-companies-inc-ftd-expected-to-post-quarterly-sales-of-268-63-million.html.
About FTD Companies
FTD Companies, Inc (FTD) is a floral and gifting company. The Company operates through four segments: Consumer, Florist, International and Provide Commerce. Through its Consumer segment, FTD is a direct marketer of floral and gift products for consumers, primarily in the United States and Canada. Through its Florist segment, the Company is a provider of products and services to its floral network members, which include traditional retail florists and other non-florist retail locations, primarily in the United States and Canada.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for FTD Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FTD Companies and related companies with MarketBeat.com's FREE daily email newsletter.