$0.22 Earnings Per Share Expected for Lumber Liquidators Holdings Inc (NYSE:LL) This Quarter
Brokerages forecast that Lumber Liquidators Holdings Inc (NYSE:LL) will announce earnings per share (EPS) of $0.22 for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Lumber Liquidators’ earnings, with the lowest EPS estimate coming in at $0.15 and the highest estimate coming in at $0.29. Lumber Liquidators posted earnings of $0.27 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 18.5%. The business is scheduled to announce its next quarterly earnings report on Tuesday, October 29th.
According to Zacks, analysts expect that Lumber Liquidators will report full year earnings of $0.45 per share for the current year, with EPS estimates ranging from $0.35 to $0.54. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.62 per share, with EPS estimates ranging from $0.37 to $0.95. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Lumber Liquidators.
Lumber Liquidators (NYSE:LL) last posted its quarterly earnings data on Wednesday, August 7th. The specialty retailer reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). Lumber Liquidators had a positive return on equity of 6.17% and a negative net margin of 5.37%. The business had revenue of $288.57 million for the quarter, compared to analyst estimates of $291.81 million. During the same period in the prior year, the firm posted $0.09 EPS. Lumber Liquidators’s revenue for the quarter was up 1.8% on a year-over-year basis.
In other news, CEO Dennis R. Knowles purchased 14,000 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $8.04 per share, with a total value of $112,560.00. Following the acquisition, the chief executive officer now directly owns 102,241 shares in the company, valued at approximately $822,017.64. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Charles E. Tyson purchased 4,000 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was purchased at an average cost of $9.90 per share, with a total value of $39,600.00. Following the acquisition, the insider now owns 15,644 shares in the company, valued at $154,875.60. The disclosure for this purchase can be found here. Corporate insiders own 2.10% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its stake in shares of Lumber Liquidators by 467.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,594 shares of the specialty retailer’s stock valued at $67,000 after purchasing an additional 5,431 shares during the period. Advisory Services Network LLC bought a new stake in shares of Lumber Liquidators in the 2nd quarter valued at approximately $82,000. Municipal Employees Retirement System of Michigan bought a new stake in shares of Lumber Liquidators in the 4th quarter valued at approximately $77,000. Metropolitan Life Insurance Co. NY grew its stake in shares of Lumber Liquidators by 385.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,420 shares of the specialty retailer’s stock valued at $90,000 after purchasing an additional 7,479 shares during the period. Finally, Aperio Group LLC bought a new stake in shares of Lumber Liquidators in the 2nd quarter valued at approximately $123,000. Institutional investors own 79.76% of the company’s stock.
Shares of NYSE LL traded down $0.21 during trading hours on Wednesday, hitting $8.13. 1,664,200 shares of the company’s stock were exchanged, compared to its average volume of 1,270,124. Lumber Liquidators has a 1-year low of $6.59 and a 1-year high of $18.36. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.47 and a quick ratio of 0.22. The stock has a market cap of $237.65 million, a PE ratio of 14.26, a price-to-earnings-growth ratio of 0.66 and a beta of 2.00. The firm has a 50-day moving average of $10.21.
About Lumber Liquidators
Lumber Liquidators Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hard-surface flooring, and hard-surface flooring enhancements and accessories. The company offers hardwood species, engineered hardwood, laminates, resilient vinyl flooring, waterproof vinyl plank, and porcelain tile; 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 brand.
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