FTD Companies (FTD) Sets New 52-Week Low Following Weak Earnings
Shares of FTD Companies Inc (NASDAQ:FTD) reached a new 52-week low during mid-day trading on Thursday following a dissappointing earnings announcement. The company traded as low as $1.21 and last traded at $1.25, with a volume of 848448 shares traded. The stock had previously closed at $1.63.
The company reported ($2.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($2.32). The business had revenue of $247.53 million during the quarter, compared to analysts’ expectations of $255.60 million. FTD Companies had a negative return on equity of 16.67% and a negative net margin of 29.61%.
FTD has been the topic of several research reports. Zacks Investment Research raised FTD Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. ValuEngine lowered FTD Companies from a “buy” rating to a “hold” rating in a research report on Friday, February 8th. DA Davidson reaffirmed a “neutral” rating on shares of FTD Companies in a research report on Friday. Finally, Craig Hallum dropped their target price on FTD Companies from $3.00 to $1.50 and set a “hold” rating on the stock in a research report on Friday.
The firm has a market cap of $33.30 million, a P/E ratio of 2.62, a PEG ratio of 1.07 and a beta of 1.59.
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About FTD Companies (NASDAQ:FTD)
FTD Companies, Inc, together with its subsidiaries, operates as a floral and gifting company primarily in the United States, Canada, the United Kingdom, and the Republic of Ireland. It operates through four segments: Provide Commerce, Consumer, Florist, and International. The company offers floral, specialty foods, gift, and related products and services to consumers, retail florists, and other retail locations and companies.
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