Floor & Decor (FND) to Release Quarterly Earnings on Thursday

Floor & Decor (NYSE:FND – Get Rating) will announce its earnings results after the market closes on Thursday, August 4th. Analysts expect the company to announce earnings of $0.73 per share for the quarter. Floor & Decor has set its FY22 guidance at $2.75-3.00 EPS.Investors that wish to register for the company’s conference call can do so using this link.

Floor & Decor (NYSE:FND – Get Rating) last issued its quarterly earnings data on Thursday, May 5th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. Floor & Decor had a return on equity of 20.21% and a net margin of 7.57%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the firm posted $0.68 EPS. The company’s revenue for the quarter was up 31.5% on a year-over-year basis. On average, analysts expect Floor & Decor to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Floor & Decor Stock Performance

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Shares of NYSE FND opened at $73.99 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.21 and a quick ratio of 0.16. The stock’s fifty day moving average price is $71.32 and its two-hundred day moving average price is $85.12. Floor & Decor has a one year low of $59.91 and a one year high of $145.89. The firm has a market cap of $7.83 billion, a price-to-earnings ratio of 28.68, a P/E/G ratio of 1.09 and a beta of 1.77.

Institutional Trading of Floor & Decor

A number of large investors have recently bought and sold shares of FND. Cambridge Investment Research Advisors Inc. grew its position in Floor & Decor by 32.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,652 shares of the company’s stock worth $539,000 after buying an additional 1,619 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of Floor & Decor by 28.2% in the 1st quarter. HighTower Advisors LLC now owns 13,092 shares of the company’s stock valued at $1,062,000 after acquiring an additional 2,882 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Floor & Decor by 84.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,055 shares of the company’s stock valued at $733,000 after acquiring an additional 4,138 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Floor & Decor by 4.3% in the 1st quarter. Bank of Montreal Can now owns 11,755 shares of the company’s stock valued at $1,047,000 after acquiring an additional 490 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Floor & Decor by 273.9% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 789 shares of the company’s stock valued at $64,000 after acquiring an additional 578 shares during the last quarter. 96.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FND. The Goldman Sachs Group downgraded Floor & Decor from a “buy” rating to a “neutral” rating and cut their target price for the company from $109.00 to $64.00 in a research report on Monday, June 27th. Wedbush cut their target price on Floor & Decor from $130.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, May 6th. Morgan Stanley dropped their price objective on Floor & Decor from $120.00 to $105.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 20th. UBS Group dropped their price objective on Floor & Decor from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Monday. Finally, Piper Sandler dropped their price objective on Floor & Decor from $136.00 to $102.00 in a research report on Thursday, April 7th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $106.29.

Floor & Decor Company Profile

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Floor & Decor Holdings, Inc operates as a multi-channel specialty 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.

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Earnings History for Floor & Decor (NYSE:FND)

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