Floor & Decor (FND) reports its quarterly earnings on Thursday

Floor & Decor (NYSE: FND – Get Rating) will report its earnings results after the market closes on Thursday, November 3rd. Analysts expect Floor & Decor to report earnings of $0.66 per share for the quarter. Floor & Decor set its guidance for fiscal 2022 at $2.65 – $2.80 EPS and its guidance for fiscal ’22 at $2.65 to $2.80 EPS, and parties interested in signing up for the company’s conference call can do so using this link.

Floor & Decor (NYSE: FND – Get Rating) last released its quarterly earnings results on Thursday, August 4th. The company reported earnings of $0.76 per share (EPS) for the quarter, beating analyst estimates of $0.73 by $0.03. Floor & Decor net profit margin was 7.09% and return on equity was 19.25%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the company had earnings of $0.73 per share. The company’s revenue increased by 26.7% compared to the same quarter last year. On average, analysts expect Floor & Decor to post $3 for the current fiscal year and $3 for the next.

Flooring and decoration trade decreased by 1.8%

The NYSE FND opened at $73.27 on Thursday. The stock has a market capitalization of $7.77 billion, a price-to-earnings ratio of 29.04, a price-to-earnings ratio of 1.03 and a beta of 1.80. The company’s 50-day moving average is $77.41 and the 200-day moving average is $76.64. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.14 and a current ratio of 1.26. Floor & Décor has a twelve-month low of $59.91 and a twelve-month high of $145.89.

Buy and sell Insiders at Floor & Decor

In related news, Executive Vice President Stephen Alan Denney sold 6,028 shares of the company’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $95.10, for a transaction total of $573,262.80. Following the transaction, the EVP now directly owns 4,477 shares of the company’s stock, valued at $425,762.70. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which is available through this hyperlink. Company insiders own 2.70% of the company’s shares.

Institutional investors weigh in on the floor and decor

Several large investors have recently added or reduced their stakes in the business. BlackRock increased its stake in Floor & Decor shares by 0.8% in the first quarter. BlackRock now owns 6,580,259 shares of the company’s stock valued at $533,001,000 after purchasing an additional 55,279 shares during the last quarter. Wasatch Advisors Inc increased its stake in Floor & Decor shares by 0.9% during the first quarter. Wasatch Advisors Inc. Now 3,306,234 shares of company stock valued at $267,805,000 after acquiring an additional 28,689 shares last quarter. Wellington Management Group LLP strengthened its ownership in Floor & Decor by 7.0% during the first quarter. Wellington Management Group LLP now owns 990,567 shares of the company’s stock valued at $80,236,000 after acquiring an additional 64,616 shares during this period. Dimensional Fund Advisors LP increased its ownership in Floor & Decor shares by 4.5% during the first quarter. Dimensional Fund Advisors LP now owns 644,707 shares of the company’s stock valued at $52,239,000 after purchasing an additional 27,784 shares during the period. Finally, Charles Schwab Investment Management Inc. Its position in Floor & Decor increased by 3.2% during the first quarter. Charles Schwab Investment Management Inc. Now 631,584 shares of the company’s stock are worth $51,159,000 after purchasing an additional 19,319 shares during the period.

Wall Street analyst forecasts for growth

Several equity analysts have commented on the company. Citigroup raised the price target on Floor & Decor to $112.00 in a report released Monday, August 15th. UBS Group lowered its price target on Floor & Decor from $120.00 to $110.00 and assigned a “buy” rating to the stock in a report on Monday, July 25th. Morgan Stanley cut its price target on Floor & Decor from $105.00 to $100.00 and assigned an “equal” rating to the company in a report on Monday, August 8th. Piper Sandler downgraded Floor & Decor stock from an “overweight” rating to a “neutral” rating and cut its share price target from $103.00 to $75.00 in a research note on Friday, July 29th. Finally, William Blair reiterated the “outperform” rating on Floor & Decor stock in a research note on Thursday, August 11th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $105.14.

About the flooring and decoration company

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Floor & Decor Holdings, Inc. operates as a multi-channel specialty flooring retailer and commercial flooring distributor of hard surface flooring and related accessories. The company’s stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories.

See also

Earnings Record for Flooring and Decorating (NYSE: FND)

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