Wall Street analysts expect that Lumber Liquidators Holdings, Inc (NYSE:LL) will report $262.24 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Lumber Liquidators Holdings’ earnings, with the highest sales estimate coming in at $265.70 million and the lowest estimate coming in at $256.77 million. Lumber Liquidators Holdings reported sales of $244.08 million in the same quarter last year, which indicates a positive year over year growth rate of 7.4%. The business is scheduled to issue its next quarterly earnings results on Monday, October 30th.

According to Zacks, analysts expect that Lumber Liquidators Holdings will report full-year sales of $262.24 million for the current fiscal year, with estimates ranging from $1.02 billion to $1.05 billion. For the next financial year, analysts forecast that the firm will report sales of $1.11 billion per share, with estimates ranging from $1.09 billion to $1.14 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Lumber Liquidators Holdings.

Lumber Liquidators Holdings (NYSE:LL) last released its quarterly earnings results on Tuesday, August 1st. The specialty retailer reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.24. The company had revenue of $263.50 million for the quarter, compared to analysts’ expectations of $256.89 million. Lumber Liquidators Holdings had a negative return on equity of 11.75% and a negative net margin of 4.58%. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.45) earnings per share.

A number of equities analysts recently weighed in on the company. Oppenheimer Holdings, Inc. raised Lumber Liquidators Holdings from a “market perform” rating to an “outperform” rating and set a $34.00 price objective on the stock in a report on Friday, May 19th. Zacks Investment Research raised Lumber Liquidators Holdings from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Wednesday, July 5th. Wedbush reissued an “outperform” rating and set a $35.00 price objective (up from $27.00) on shares of Lumber Liquidators Holdings in a report on Tuesday, August 8th. BidaskClub cut Lumber Liquidators Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, TheStreet raised Lumber Liquidators Holdings from a “d+” rating to a “c” rating in a report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $26.78.

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Shares of Lumber Liquidators Holdings (NYSE:LL) opened at 34.92 on Thursday. The company’s market capitalization is $992.22 million. The stock’s 50 day moving average price is $28.72 and its 200 day moving average price is $23.62. Lumber Liquidators Holdings has a 12-month low of $14.02 and a 12-month high of $37.84.

Several large investors have recently modified their holdings of LL. Louisiana State Employees Retirement System raised its stake in shares of Lumber Liquidators Holdings by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 11,600 shares of the specialty retailer’s stock worth $291,000 after buying an additional 100 shares in the last quarter. Texas Permanent School Fund raised its stake in shares of Lumber Liquidators Holdings by 1.3% in the second quarter. Texas Permanent School Fund now owns 20,723 shares of the specialty retailer’s stock worth $519,000 after buying an additional 270 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Lumber Liquidators Holdings by 0.5% in the first quarter. JPMorgan Chase & Co. now owns 65,483 shares of the specialty retailer’s stock worth $1,374,000 after buying an additional 336 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Lumber Liquidators Holdings by 6.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,670 shares of the specialty retailer’s stock worth $167,000 after buying an additional 420 shares in the last quarter. Finally, Nationwide Fund Advisors raised its stake in shares of Lumber Liquidators Holdings by 3.9% in the second quarter. Nationwide Fund Advisors now owns 15,708 shares of the specialty retailer’s stock worth $394,000 after buying an additional 590 shares in the last quarter. Hedge funds and other institutional investors own 71.89% of the company’s stock.

Lumber Liquidators Holdings Company Profile

Lumber Liquidators Holdings, Inc is a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The Company offers hardwood species, engineered hardwood, laminate and resilient vinyl flooring direct to the consumer. Its product categories include Solid and Engineered Hardwood; Laminate; Bamboo, Cork, Vinyl Plank and Other, Moldings and Accessories, and Non-Merchandise Services.

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Earnings History and Estimates for Lumber Liquidators Holdings (NYSE:LL)

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