Brokerages Expect Lumber Liquidators Holdings Inc (LL) Will Announce Earnings of $0.18 Per Share

Analysts expect Lumber Liquidators Holdings Inc (NYSE:LL) to announce earnings per share (EPS) of $0.18 for the current quarter, Zacks reports. Six analysts have issued estimates for Lumber Liquidators’ earnings, with the lowest EPS estimate coming in at $0.11 and the highest estimate coming in at $0.29. Lumber Liquidators reported earnings of $0.07 per share during the same quarter last year, which suggests a positive year over year growth rate of 157.1%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, October 30th.

On average, analysts expect that Lumber Liquidators will report full-year earnings of $0.48 per share for the current financial year, with EPS estimates ranging from $0.35 to $0.73. For the next fiscal year, analysts anticipate that the business will post earnings of $1.03 per share, with EPS estimates ranging from $0.68 to $1.30. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Lumber Liquidators.

Lumber Liquidators (NYSE:LL) last posted its earnings results on Tuesday, July 31st. The specialty retailer reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.28). Lumber Liquidators had a positive return on equity of 3.24% and a negative net margin of 1.82%. The firm had revenue of $283.50 million during the quarter, compared to the consensus estimate of $281.26 million. During the same quarter in the previous year, the company earned $0.16 EPS. The business’s revenue was up 7.6% compared to the same quarter last year.

Several analysts have recently issued reports on LL shares. Zacks Investment Research upgraded shares of Lumber Liquidators from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 4th. Piper Jaffray Companies reiterated a “hold” rating and issued a $21.00 target price on shares of Lumber Liquidators in a research note on Wednesday, August 1st. Longbow Research started coverage on shares of Lumber Liquidators in a research note on Friday, August 24th. They issued a “neutral” rating for the company. Credit Suisse Group reduced their target price on shares of 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, Stifel Nicolaus reduced their target price on shares of Lumber Liquidators from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. Lumber Liquidators presently has an average rating of “Hold” and a consensus price target of $24.00.

NYSE LL opened at $16.70 on Monday. Lumber Liquidators has a 1 year low of $16.57 and a 1 year high of $39.25. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.73 and a quick ratio of 0.16. The firm has a market capitalization of $484.86 million, a PE ratio of -12.56, a PEG ratio of 1.28 and a beta of 1.39.

Institutional investors and hedge funds have recently bought and sold shares of the stock. First Mercantile Trust Co. bought a new position in Lumber Liquidators during the second quarter valued at about $127,000. Macquarie Group Ltd. bought a new position in Lumber Liquidators during the second quarter worth about $127,000. NumerixS Investment Technologies Inc boosted its position in Lumber Liquidators by 530.0% during the second quarter. NumerixS Investment Technologies Inc now owns 6,300 shares of the specialty retailer’s stock worth $156,000 after purchasing an additional 5,300 shares during the period. Piedmont Investment Advisors LLC bought a new position in Lumber Liquidators during the second quarter worth about $162,000. Finally, Pinebridge Investments L.P. bought a new position in Lumber Liquidators during the second quarter worth about $177,000. Institutional investors own 79.63% of the company’s stock.

Lumber Liquidators Company Profile

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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