Floor & Decor (NYSE:FND) Issues FY 2024 Earnings Guidance

Floor & Decor (NYSE:FND) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share guidance of 1.750-2.050 for the period, compared to the consensus earnings per share estimate of 1.910. The company issued revenue guidance of $4.6 billion-$4.8 billion, compared to the consensus revenue estimate of $4.7 billion.

Floor & Decor Stock Up 3.5 %

NYSE:FND traded up $3.93 during mid-day trading on Monday, hitting $116.97. 1,374,938 shares of the company’s stock were exchanged, compared to its average volume of 1,400,629. The company has a market cap of $12.49 billion, a PE ratio of 56.74, a P/E/G ratio of 5.51 and a beta of 1.86. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.21. Floor & Decor has a one year low of $76.30 and a one year high of $135.67. The business has a fifty day moving average price of $118.90 and a 200 day moving average price of $106.41.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. Floor & Decor had a return on equity of 11.80% and a net margin of 5.11%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the business earned $0.66 earnings per share. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. Equities analysts predict that Floor & Decor will post 1.9 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on FND shares. Guggenheim lifted their target price on shares of Floor & Decor from $115.00 to $130.00 and gave the stock a buy rating in a report on Tuesday, February 27th. Wedbush restated an outperform rating and issued a $125.00 price objective on shares of Floor & Decor in a report on Friday. Mizuho cut their target price on Floor & Decor from $115.00 to $110.00 and set a neutral rating on the stock in a research note on Friday. Telsey Advisory Group restated a market perform rating and issued a $110.00 price target on shares of Floor & Decor in a research note on Monday, April 29th. Finally, Stifel Nicolaus lowered their price target on Floor & Decor from $115.00 to $110.00 and set a hold rating on the stock in a report on Monday, February 26th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Hold and an average target price of $108.76.

Insider Activity

In other Floor & Decor news, EVP Steven Alan Denny sold 5,152 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $123.52, for a total value of $636,375.04. Following the completion of the sale, the executive vice president now owns 13,271 shares in the company, valued at $1,639,233.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, President Trevor Lang sold 13,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $123.28, for a total value of $1,602,640.00. Following the transaction, the president now directly owns 170,844 shares in the company, valued at $21,061,648.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steven Alan Denny sold 5,152 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $123.52, for a total value of $636,375.04. Following the completion of the transaction, the executive vice president now directly owns 13,271 shares of the company’s stock, valued at approximately $1,639,233.92. The disclosure for this sale can be found here. Insiders sold a total of 90,867 shares of company stock valued at $11,016,089 in the last 90 days. Company insiders own 2.10% of the company’s stock.

About Floor & Decor

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.