Brokerages forecast that Lumber Liquidators Holdings Inc (NYSE:LL) will report sales of $273.55 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Lumber Liquidators’ earnings. The lowest sales estimate is $268.32 million and the highest is $276.80 million. Lumber Liquidators posted sales of $268.92 million during the same quarter last year, which would indicate a positive year over year growth rate of 1.7%. The firm is scheduled to announce its next quarterly earnings results on Monday, March 16th.
On average, analysts expect that Lumber Liquidators will report full year sales of $1.09 billion for the current fiscal year, with estimates ranging from $1.09 billion to $1.10 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.14 billion, with estimates ranging from $1.12 billion to $1.16 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Lumber Liquidators.
Lumber Liquidators (NYSE:LL) last issued its earnings results on Wednesday, November 6th. The specialty retailer reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.12). The company had revenue of $263.96 million during the quarter, compared to analyst estimates of $276.01 million. Lumber Liquidators had a negative net margin of 5.85% and a positive return on equity of 2.90%. The business’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.27 earnings per share.
Several research firms recently weighed in on LL. Raymond James increased their target price on shares of Lumber Liquidators from $10.00 to $14.00 and gave the company an “outperform” rating in a research note on Friday, September 13th. Zacks Investment Research upgraded shares of Lumber Liquidators from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 14th. Evercore ISI reaffirmed a “hold” rating on shares of Lumber Liquidators in a report on Wednesday, August 7th. Finally, ValuEngine raised shares of Lumber Liquidators from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Lumber Liquidators has an average rating of “Hold” and a consensus target price of $11.14.
A number of institutional investors and hedge funds have recently modified their holdings of LL. Crossmark Global Holdings Inc. increased its position in shares of Lumber Liquidators by 5.1% during the second quarter. Crossmark Global Holdings Inc. now owns 20,860 shares of the specialty retailer’s stock valued at $241,000 after buying an additional 1,010 shares during the period. AE Wealth Management LLC bought a new stake in Lumber Liquidators during the second quarter worth about $481,000. Creative Planning bought a new stake in shares of Lumber Liquidators in the 2nd quarter worth approximately $133,000. KBC Group NV grew its stake in shares of Lumber Liquidators by 9.8% in the second quarter. KBC Group NV now owns 50,613 shares of the specialty retailer’s stock worth $585,000 after acquiring an additional 4,535 shares during the last quarter. Finally, Aperio Group LLC bought a new stake in Lumber Liquidators during the 2nd quarter valued at about $123,000. 74.81% of the stock is owned by hedge funds and other institutional investors.
NYSE:LL traded up $0.19 during trading hours on Friday, hitting $8.64. 31,964 shares of the stock traded hands, compared to its average volume of 1,029,864. Lumber Liquidators has a fifty-two week low of $6.59 and a fifty-two week high of $14.44. The company has a current ratio of 1.48, a quick ratio of 0.19 and a debt-to-equity ratio of 1.24. The firm has a market cap of $255.80 million, a price-to-earnings ratio of 15.14, a PEG ratio of 1.08 and a beta of 1.91. The firm has a 50 day moving average price of $9.16 and a 200 day moving average price of $9.81.
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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