Brokerages expect Lumber Liquidators Holdings Inc (NYSE:LL) to announce sales of $291.53 million for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Lumber Liquidators’ earnings, with the highest sales estimate coming in at $293.50 million and the lowest estimate coming in at $288.97 million. Lumber Liquidators posted sales of $283.47 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.8%. The company is scheduled to report its next earnings results on Tuesday, July 30th.
According to Zacks, analysts expect that Lumber Liquidators will report full year sales of $1.12 billion for the current fiscal year, with estimates ranging from $1.12 billion to $1.13 billion. For the next financial year, analysts forecast that the business will post sales of $1.17 billion, with estimates ranging from $1.14 billion to $1.20 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Lumber Liquidators.
Lumber Liquidators (NYSE:LL) last issued its earnings results on Tuesday, April 30th. The specialty retailer reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.03). The firm had revenue of $266.20 million during the quarter, compared to analyst estimates of $268.08 million. Lumber Liquidators had a positive return on equity of 6.36% and a negative net margin of 5.26%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the company earned ($0.07) earnings per share.
Several equities analysts have recently weighed in on the stock. Raymond James raised shares of Lumber Liquidators from a “market perform” rating to an “outperform” rating and set a $16.00 target price for the company in a report on Wednesday, May 1st. ValuEngine upgraded Lumber Liquidators from a “strong sell” rating to a “sell” rating in a research report on Monday, April 1st. Zacks Investment Research lowered Lumber Liquidators from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Evercore ISI initiated coverage on Lumber Liquidators in a research report on Wednesday, March 20th. They issued an “in-line” rating and a $10.00 price target on the stock. Finally, Wedbush set a $11.00 price target on Lumber Liquidators and gave the stock a “hold” rating in a research report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $13.55.
In related news, insider Charles E. Tyson bought 4,000 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were acquired at an average price of $9.90 per share, with a total value of $39,600.00. Following the completion of the transaction, the insider now owns 15,644 shares in the company, valued at $154,875.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.10% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in LL. JPMorgan Chase & Co. increased its position in Lumber Liquidators by 299.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 410,079 shares of the specialty retailer’s stock worth $6,352,000 after purchasing an additional 307,397 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Lumber Liquidators by 8.7% in the 3rd quarter. Legal & General Group Plc now owns 65,521 shares of the specialty retailer’s stock worth $1,020,000 after buying an additional 5,236 shares in the last quarter. Morgan Stanley raised its holdings in shares of Lumber Liquidators by 75.7% in the 3rd quarter. Morgan Stanley now owns 256,357 shares of the specialty retailer’s stock worth $3,972,000 after buying an additional 110,434 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Lumber Liquidators by 6.1% in the 4th quarter. Arizona State Retirement System now owns 44,074 shares of the specialty retailer’s stock worth $420,000 after buying an additional 2,552 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Lumber Liquidators in the 4th quarter worth approximately $189,000. 79.44% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:LL traded up $0.49 during trading on Friday, hitting $10.47. 527,407 shares of the stock traded hands, compared to its average volume of 1,203,127. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.35 and a quick ratio of 0.22. The firm has a market cap of $275.09 million, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 0.70 and a beta of 2.00. Lumber Liquidators has a 52-week low of $8.81 and a 52-week high of $26.92.
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.
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