The Finish Line Inc. (FINL) to Post FY2017 Earnings of $1.54 Per Share, FBR & Co Forecasts
The Finish Line Inc. (NASDAQ:FINL) – Investment analysts at FBR & Co lowered their FY2017 earnings per share estimates for The Finish Line in a research report issued to clients and investors on Monday. FBR & Co analyst S. Anderson now forecasts that the brokerage will post earnings of $1.54 per share for the year, down from their previous forecast of $1.56. FBR & Co currently has a “Buy” rating and a $22.00 price objective on the stock. FBR & Co also issued estimates for The Finish Line’s Q4 2017 earnings at $0.97 EPS, Q1 2018 earnings at $0.29 EPS, Q2 2018 earnings at $0.60 EPS, Q4 2018 earnings at $1.05 EPS and FY2018 earnings at $1.81 EPS.
Several other research analysts have also issued reports on FINL. B. Riley restated a “buy” rating and set a $22.00 target price on shares of The Finish Line in a research report on Monday, June 27th. TheStreet upgraded The Finish Line from a “hold” rating to a “buy” rating in a report on Monday, July 25th. BB&T Corp. reiterated a “buy” rating and issued a $24.00 price target on shares of The Finish Line in a report on Tuesday, June 28th. Citigroup Inc. boosted their price target on The Finish Line from $24.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Jefferies Group reiterated a “buy” rating and issued a $25.00 price target (up previously from $24.00) on shares of The Finish Line in a report on Monday, June 27th. Twelve analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $22.75.
Shares of The Finish Line (NASDAQ:FINL) traded up 1.32% on Tuesday, hitting $23.05. The stock had a trading volume of 140,208 shares. The company has a market cap of $934.95 million, a P/E ratio of 72.94 and a beta of 0.90. The company has a 50-day moving average of $23.37 and a 200-day moving average of $20.62. The Finish Line has a 52-week low of $15.37 and a 52-week high of $24.52.
The Finish Line (NASDAQ:FINL) last released its quarterly earnings results on Friday, September 23rd. The company reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. The business earned $509.40 million during the quarter. The Finish Line had a return on equity of 8.83% and a net margin of 0.72%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.57 EPS.
The company also recently announced a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Friday, August 26th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Wednesday, August 24th. The Finish Line’s payout ratio is currently 108.11%.
In other news, Director Catherine A. Langham sold 18,000 shares of the stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $20.30, for a total transaction of $365,400.00. Following the sale, the director now directly owns 14,436 shares of the company’s stock, valued at approximately $293,050.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Stephen Goldsmith sold 4,000 shares of the stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $21.73, for a total transaction of $86,920.00. Following the sale, the director now directly owns 36,651 shares in the company, valued at $796,426.23. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY raised its stake in The Finish Line by 13.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 35,394 shares of the company’s stock valued at $747,000 after buying an additional 4,320 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in The Finish Line during the first quarter valued at about $248,000. Invictus RG purchased a new stake in The Finish Line during the first quarter valued at about $163,000. Renaissance Technologies LLC purchased a new stake in The Finish Line during the first quarter valued at about $1,123,000. Finally, Quadrature Capital Ltd increased its position in The Finish Line by 29.7% in the first quarter. Quadrature Capital Ltd now owns 83,872 shares of the company’s stock valued at $1,770,000 after buying an additional 19,211 shares during the period.
The Finish Line Company Profile
Finish Line, Inc is a specialty retailer. The Company operates two retail divisions: the Finish Line and JackRabbit brands. Finish Line is a retailer of athletic shoes, apparel and accessories. The Company operates approximately 590 Finish Line stores, which average over 5,550 square feet, in approximately 40 United States’ states and Puerto Rico.
Receive News & Stock Ratings for The Finish Line Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Finish Line Inc. and related stocks with our FREE daily email newsletter.