Analysts expect Lumber Liquidators Holdings, Inc (NYSE:LL) to report sales of $262.81 million for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Lumber Liquidators Holdings’ earnings, with estimates ranging from $259.89 million to $265.70 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 7.7%. The company is expected to report its next earnings report on Monday, October 30th.

According to Zacks, analysts expect that Lumber Liquidators Holdings will report full-year sales of $262.81 million for the current year, with estimates ranging from $1.03 billion to $1.05 billion. For the next financial year, analysts expect that the firm will report sales of $1.11 billion per share, with estimates ranging from $1.10 billion to $1.14 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Lumber Liquidators Holdings.

Lumber Liquidators Holdings (NYSE:LL) last released its quarterly earnings data on Tuesday, August 1st. The specialty retailer reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.24. The company had revenue of $263.50 million for the quarter, compared to the consensus estimate 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 company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the business earned ($0.45) earnings per share.

Several research analysts have recently commented on LL shares. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Lumber Liquidators Holdings in a report on Saturday, May 13th. ValuEngine raised shares of Lumber Liquidators Holdings from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Stifel Nicolaus raised their target price on shares of Lumber Liquidators Holdings from $20.00 to $33.00 and gave the stock a “hold” rating in a report on Wednesday, August 2nd. CIBC raised shares of Lumber Liquidators Holdings from a “market perform” rating to an “outperform” rating in a report on Friday, May 19th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $33.00 target price (up from $19.00) on shares of Lumber Liquidators Holdings in a report on Wednesday, August 2nd. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $27.78.

Lumber Liquidators Holdings (LL) traded up 1.94% during midday trading on Tuesday, reaching $40.46. The company’s stock had a trading volume of 1,986,400 shares. The firm has a 50 day moving average price of $34.35 and a 200-day moving average price of $26.04. Lumber Liquidators Holdings has a 52 week low of $14.02 and a 52 week high of $41.33. The firm’s market cap is $1.15 billion.

Several hedge funds and other institutional investors have recently bought and sold shares of LL. Louisiana State Employees Retirement System boosted its position in Lumber Liquidators Holdings by 4.5% in the first quarter. Louisiana State Employees Retirement System now owns 11,500 shares of the specialty retailer’s stock valued at $241,000 after buying an additional 500 shares in the last quarter. Columbia Pacific Advisors LLC acquired a new stake in Lumber Liquidators Holdings in the first quarter valued at approximately $630,000. Baker Avenue Asset Management LP boosted its position in Lumber Liquidators Holdings by 42.1% in the first quarter. Baker Avenue Asset Management LP now owns 28,410 shares of the specialty retailer’s stock valued at $596,000 after buying an additional 8,410 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Lumber Liquidators Holdings by 7.8% in the first quarter. Ameriprise Financial Inc. now owns 149,702 shares of the specialty retailer’s stock valued at $3,142,000 after buying an additional 10,867 shares in the last quarter. Finally, Royce & Associates LP boosted its position in Lumber Liquidators Holdings by 14.6% in the first quarter. Royce & Associates LP now owns 566,797 shares of the specialty retailer’s stock valued at $11,897,000 after buying an additional 72,000 shares in the last quarter. Institutional investors and hedge funds own 78.91% of the company’s stock.

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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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