Floor & Decor (FND) Scheduled to Post Quarterly Earnings on Thursday

Floor & Decor (NYSE:FND) is set to issue its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.45 per share for the quarter. Floor & Decor has set its FY24 guidance at $1.75 to $2.05 EPS and its FY 2024 guidance at 1.750-2.050 EPS.Investors that wish to register for the company’s conference call can do so using this link.

Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, February 22nd. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.07. Floor & Decor had a return on equity of 13.38% and a net margin of 5.57%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the business earned $0.64 EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis. On average, analysts expect Floor & Decor to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Floor & Decor Trading Up 0.3 %

Floor & Decor stock opened at $111.31 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.18 and a current ratio of 1.14. The stock has a market cap of $11.88 billion, a PE ratio of 49.04, a price-to-earnings-growth ratio of 5.34 and a beta of 1.85. The stock has a 50-day moving average of $118.98 and a two-hundred day moving average of $105.46. Floor & Decor has a one year low of $76.30 and a one year high of $135.67.

Insiders Place Their Bets

In related news, President Trevor Lang sold 13,000 shares of Floor & Decor stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $123.28, for a total value of $1,602,640.00. Following the sale, the president now directly owns 170,844 shares in the company, valued at approximately $21,061,648.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Steven Alan Denny sold 5,152 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $123.52, for a total transaction of $636,375.04. Following the transaction, the executive vice president now owns 13,271 shares of the company’s stock, valued at approximately $1,639,233.92. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Trevor Lang sold 13,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $123.28, for a total transaction of $1,602,640.00. Following the completion of the transaction, the president now owns 170,844 shares in the company, valued at $21,061,648.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 90,867 shares of company stock worth $11,016,089. Company insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. TD Cowen assumed coverage on shares of Floor & Decor in a research report on Wednesday, April 10th. They issued a “hold” rating and a $125.00 price objective for the company. Guggenheim raised their price target on shares of Floor & Decor from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Bank of America boosted their price objective on shares of Floor & Decor from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Telsey Advisory Group restated a “market perform” rating and issued a $110.00 target price on shares of Floor & Decor in a research note on Monday. Finally, Stifel Nicolaus cut their price target on shares of Floor & Decor from $115.00 to $110.00 and set a “hold” rating on the stock in a report on Monday, February 26th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $110.19.

About Floor & Decor

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.