Brokers Issue Forecasts for Lumber Liquidators Holdings Inc’s Q1 2019 Earnings (LL)
Lumber Liquidators Holdings Inc (NYSE:LL) – Analysts at Piper Jaffray Companies issued their Q1 2019 earnings per share (EPS) estimates for shares of Lumber Liquidators in a research note issued on Monday, March 18th. Piper Jaffray Companies analyst P. Keith expects that the specialty retailer will post earnings per share of ($0.17) for the quarter. Piper Jaffray Companies also issued estimates for Lumber Liquidators’ Q2 2019 earnings at $0.09 EPS, Q3 2019 earnings at $0.33 EPS, Q4 2019 earnings at $0.33 EPS and FY2019 earnings at $0.58 EPS.
Several other research analysts have also weighed in on the stock. ValuEngine lowered shares of Lumber Liquidators from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. SunTrust Banks reiterated a “hold” rating and issued a $10.00 price objective on shares of Lumber Liquidators in a research note on Monday, January 7th. Loop Capital lowered shares of Lumber Liquidators from a “buy” rating to a “hold” rating and dropped their price target for the stock from $24.00 to $10.00 in a research note on Thursday, January 3rd. Zacks Investment Research upgraded shares of Lumber Liquidators from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Thursday, January 10th. Finally, Wedbush set a $11.00 price target on shares of Lumber Liquidators and gave the stock a “hold” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $13.30.
Lumber Liquidators (NYSE:LL) last released its quarterly earnings data on Monday, March 18th. The specialty retailer reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The firm had revenue of $268.90 million for the quarter, compared to analyst estimates of $272.59 million. Lumber Liquidators had a negative net margin of 5.01% and a positive return on equity of 7.50%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 EPS.
Several institutional investors and hedge funds have recently made changes to their positions in LL. Next Capital Management LLC bought a new stake in shares of Lumber Liquidators during the 4th quarter worth $56,000. Municipal Employees Retirement System of Michigan bought a new stake in shares of Lumber Liquidators during the 4th quarter worth $77,000. Metropolitan Life Insurance Co. NY boosted its holdings in shares of Lumber Liquidators by 385.3% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,420 shares of the specialty retailer’s stock worth $90,000 after buying an additional 7,479 shares during the period. Rafferty Asset Management LLC bought a new stake in shares of Lumber Liquidators during the 4th quarter worth $103,000. Finally, Oregon Public Employees Retirement Fund bought a new stake in shares of Lumber Liquidators during the 4th quarter worth $104,000. Institutional investors own 78.98% of the company’s stock.
About Lumber Liquidators
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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