Equities analysts forecast that Lumber Liquidators Holdings Inc (NYSE:LL) will post sales of $274.89 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Lumber Liquidators’ earnings, with the highest sales estimate coming in at $279.70 million and the lowest estimate coming in at $266.90 million. Lumber Liquidators reported sales of $259.86 million during the same quarter last year, which indicates a positive year over year growth rate of 5.8%. The company is scheduled to report its next quarterly earnings results on Tuesday, February 26th.
According to Zacks, analysts expect that Lumber Liquidators will report full-year sales of $1.09 billion for the current year, with estimates ranging from $1.08 billion to $1.10 billion. For the next year, analysts forecast that the company will post sales of $1.16 billion, with estimates ranging from $1.15 billion to $1.17 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Lumber Liquidators.
Lumber Liquidators (NYSE:LL) last released its quarterly earnings results on Tuesday, October 30th. The specialty retailer reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.09. Lumber Liquidators had a return on equity of 6.14% and a net margin of 0.51%. The company had revenue of $270.47 million during the quarter, compared to analysts’ expectations of $281.82 million. During the same quarter in the prior year, the business posted $0.12 earnings per share. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year.
Several brokerages recently weighed in on LL. Piper Jaffray Companies reaffirmed a “hold” rating and set a $21.00 target price on shares of Lumber Liquidators in a research note on Wednesday, August 1st. Stifel Nicolaus decreased their target price on Lumber Liquidators from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, August 1st. ValuEngine cut Lumber Liquidators from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 31st. Credit Suisse Group decreased their target price on Lumber Liquidators from $20.00 to $17.00 and set a “neutral” rating for the company in a research note on Wednesday, August 1st. Finally, Longbow Research began coverage on Lumber Liquidators in a research note on Friday, August 24th. They set a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company. Lumber Liquidators has a consensus rating of “Hold” and a consensus price target of $17.40.
Large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Lumber Liquidators in the 2nd quarter valued at $206,000. Bank of New York Mellon Corp boosted its position in shares of Lumber Liquidators by 12.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 349,119 shares of the specialty retailer’s stock valued at $8,501,000 after purchasing an additional 37,437 shares during the period. Pinebridge Investments L.P. acquired a new position in shares of Lumber Liquidators in the 2nd quarter valued at $177,000. NumerixS Investment Technologies Inc boosted its position in shares of Lumber Liquidators by 530.0% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 6,300 shares of the specialty retailer’s stock valued at $156,000 after purchasing an additional 5,300 shares during the period. Finally, Sei Investments Co. boosted its position in shares of Lumber Liquidators by 9,870.7% in the 2nd quarter. Sei Investments Co. now owns 28,915 shares of the specialty retailer’s stock valued at $704,000 after purchasing an additional 28,625 shares during the period. Institutional investors and hedge funds own 76.09% of the company’s stock.
LL stock traded down $0.48 during trading hours on Wednesday, hitting $11.68. 914,320 shares of the stock traded hands, compared to its average volume of 1,396,019. Lumber Liquidators has a one year low of $9.95 and a one year high of $32.63. The stock has a market capitalization of $353.17 million, a P/E ratio of -8.78, a P/E/G ratio of 0.89 and a beta of 1.50. The company has a quick ratio of 0.18, a current ratio of 1.89 and a debt-to-equity ratio of 0.21.
About Lumber Liquidators
Lumber Liquidators Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The company offers hardwood species, engineered hardwood, laminates, resilient vinyl flooring, and wood-look ceramic; 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 and Morning Star Bamboo brands.
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