Lumber Liquidators Holdings Inc (NYSE:LL) Expected to Announce Quarterly Sales of $273.55 Million

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.

Featured Story: Leveraged Buyout (LBO)

Get a free copy of the Zacks research report on Lumber Liquidators (LL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Lumber Liquidators Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lumber Liquidators and related companies with MarketBeat.com's FREE daily email newsletter.