Wall Street brokerages predict that Lumber Liquidators Holdings Inc (NYSE:LL) will post $276.62 million in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Lumber Liquidators’ earnings. The lowest sales estimate is $274.90 million and the highest is $279.20 million. Lumber Liquidators posted sales of $270.47 million in the same quarter last year, which would indicate a positive year over year growth rate of 2.3%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, October 29th.

According to Zacks, analysts expect that Lumber Liquidators will report full-year sales of $1.11 billion for the current year, with estimates ranging from $1.11 billion to $1.12 billion. For the next year, analysts forecast that the company will post sales of $1.16 billion, with estimates ranging from $1.15 billion to $1.17 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that that provide coverage for Lumber Liquidators.

Lumber Liquidators (NYSE:LL) last posted its earnings results on Wednesday, August 7th. The specialty retailer reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.01). Lumber Liquidators had a positive return on equity of 6.17% and a negative net margin of 5.37%. The company had revenue of $288.57 million during the quarter, compared to analysts’ expectations of $291.81 million. During the same period in the prior year, the business posted $0.09 earnings per share. The company’s revenue for the quarter was up 1.8% on a year-over-year basis.

Several equities research analysts have recently commented on the stock. Raymond James raised shares of Lumber Liquidators from a “market perform” rating to an “outperform” rating and set a $16.00 target price for the company in a research report on Wednesday, May 1st. ValuEngine cut shares of Lumber Liquidators from a “sell” rating to a “strong sell” rating in a research report on Monday, July 29th. Evercore ISI reaffirmed a “hold” rating on shares of Lumber Liquidators in a research report on Wednesday, August 7th. Finally, Zacks Investment Research cut shares of Lumber Liquidators from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.00.

In other Lumber Liquidators news, insider Charles E. Tyson purchased 4,000 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was bought at an average cost of $9.90 per share, with a total value of $39,600.00. Following the transaction, the insider now directly owns 15,644 shares in the company, valued at approximately $154,875.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dennis R. Knowles purchased 14,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average cost of $8.04 per share, with a total value of $112,560.00. Following the completion of the transaction, the chief executive officer now owns 102,241 shares in the company, valued at $822,017.64. The disclosure for this purchase can be found here. Company insiders own 2.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Gagnon Securities LLC raised its holdings in Lumber Liquidators by 3.8% in the second quarter. Gagnon Securities LLC now owns 1,153,500 shares of the specialty retailer’s stock worth $13,323,000 after buying an additional 42,238 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Lumber Liquidators by 21.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 727,474 shares of the specialty retailer’s stock worth $6,926,000 after acquiring an additional 126,595 shares during the period. Royce & Associates LP grew its stake in shares of Lumber Liquidators by 13.6% in the first quarter. Royce & Associates LP now owns 703,079 shares of the specialty retailer’s stock worth $7,101,000 after acquiring an additional 84,000 shares during the period. Deutsche Bank AG grew its stake in shares of Lumber Liquidators by 203.6% in the fourth quarter. Deutsche Bank AG now owns 597,289 shares of the specialty retailer’s stock worth $5,684,000 after acquiring an additional 400,531 shares during the period. Finally, Thompson Investment Management Inc. grew its stake in shares of Lumber Liquidators by 18.7% in the first quarter. Thompson Investment Management Inc. now owns 427,964 shares of the specialty retailer’s stock worth $4,322,000 after acquiring an additional 67,368 shares during the period. 79.76% of the stock is owned by institutional investors.

Shares of NYSE:LL traded down $0.21 on Friday, hitting $8.13. The company had a trading volume of 1,664,200 shares, compared to its average volume of 1,270,124. The stock’s 50-day moving average is $10.21. Lumber Liquidators has a 1 year low of $6.59 and a 1 year high of $18.36. The company has a quick ratio of 0.22, a current ratio of 1.47 and a debt-to-equity ratio of 1.27. The company has a market cap of $237.65 million, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 0.66 and a beta of 2.00.

Lumber Liquidators Company Profile

Lumber Liquidators Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hard-surface flooring, and hard-surface flooring enhancements and accessories. The company offers hardwood species, engineered hardwood, laminates, resilient vinyl flooring, waterproof vinyl plank, and porcelain tile; renewable flooring, and bamboo and cork products; and a selection of flooring enhancements and accessories, including moldings, noise-reducing underlay, adhesives, and flooring tools under the Bellawood brand.

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Earnings History and Estimates for Lumber Liquidators (NYSE:LL)

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