Wall Street analysts forecast that Lumber Liquidators Holdings Inc (NYSE:LL) will post sales of $259.82 million for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Lumber Liquidators’ earnings, with the lowest sales estimate coming in at $257.32 million and the highest estimate coming in at $261.80 million. Lumber Liquidators posted sales of $248.39 million during the same quarter last year, which suggests a positive year over year growth rate of 4.6%. The business is expected to announce its next earnings report on Tuesday, May 1st.
According to Zacks, analysts expect that Lumber Liquidators will report full year sales of $259.82 million for the current financial year, with estimates ranging from $1.09 billion to $1.12 billion. For the next financial year, analysts anticipate that the business will report sales of $1.19 billion per share, with estimates ranging from $1.17 billion to $1.21 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Lumber Liquidators.
Lumber Liquidators (NYSE:LL) last released its earnings results on Tuesday, February 27th. The specialty retailer reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.01. The firm had revenue of $259.86 million during the quarter, compared to analyst estimates of $264.56 million. Lumber Liquidators had a negative net margin of 3.68% and a positive return on equity of 1.71%. The business’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.20) EPS.
Several research firms have recently issued reports on LL. SunTrust Banks lowered their target price on shares of Lumber Liquidators to $24.00 and set a “hold” rating for the company in a report on Thursday, March 1st. Credit Suisse Group lowered their target price on shares of Lumber Liquidators from $26.00 to $20.00 and set a “neutral” rating for the company in a report on Wednesday, February 28th. Loop Capital upgraded shares of Lumber Liquidators from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Friday, March 16th. Jefferies Group restated a “hold” rating and issued a $24.00 target price on shares of Lumber Liquidators in a report on Thursday, March 1st. Finally, Morgan Stanley lowered their target price on shares of Lumber Liquidators from $35.00 to $24.00 and set an “equal weight” rating for the company in a report on Wednesday, February 28th. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Lumber Liquidators presently has a consensus rating of “Hold” and a consensus target price of $26.00.
Shares of Lumber Liquidators stock traded up $0.07 during trading on Friday, hitting $22.89. The stock had a trading volume of 491,403 shares, compared to its average volume of 982,870. The firm has a market capitalization of $653.00, a PE ratio of -17.21, a price-to-earnings-growth ratio of 1.23 and a beta of 1.74. The company has a current ratio of 1.67, a quick ratio of 0.20 and a debt-to-equity ratio of 0.08. Lumber Liquidators has a 12 month low of $19.46 and a 12 month high of $41.33.
A number of hedge funds have recently bought and sold shares of LL. BlackRock Inc. increased its position in Lumber Liquidators by 7.7% during the 4th quarter. BlackRock Inc. now owns 4,087,391 shares of the specialty retailer’s stock valued at $128,302,000 after purchasing an additional 293,626 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in Lumber Liquidators during the 4th quarter valued at about $6,008,000. Millennium Management LLC purchased a new position in Lumber Liquidators during the 4th quarter valued at about $3,523,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Lumber Liquidators during the 4th quarter valued at about $3,146,000. Finally, Engineers Gate Manager LP purchased a new position in Lumber Liquidators during the 3rd quarter valued at about $1,860,000. 78.50% of the stock is currently owned by institutional investors.
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About Lumber Liquidators
Lumber Liquidators Holdings, Inc is a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The Company offers hardwood species, engineered hardwood, laminate and resilient vinyl flooring direct to the consumer. Its product categories include Solid and Engineered Hardwood; Laminate; Bamboo, Cork, Vinyl Plank and Other, Moldings and Accessories, and Non-Merchandise Services.
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