Floor & Decor (NYSE:FND) Issues FY 2024 Earnings Guidance

Floor & Decor (NYSE:FND) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided EPS guidance of 1.750-2.050 for the period, compared to the consensus EPS estimate of 1.910. The company issued revenue guidance of $4.6 billion-$4.8 billion, compared to the consensus revenue estimate of $4.7 billion.

Wall Street Analyst Weigh In

FND has been the topic of a number of research reports. Sanford C. Bernstein downgraded Floor & Decor from an outperform rating to a market perform rating and boosted their price objective for the stock from $100.00 to $115.00 in a research note on Tuesday, January 16th. Bank of America raised their price objective on shares of Floor & Decor from $125.00 to $140.00 and gave the company a buy rating in a research report on Thursday, March 14th. Evercore ISI lowered their price objective on shares of Floor & Decor from $120.00 to $115.00 and set an in-line rating on the stock in a research note on Friday. UBS Group cut their target price on shares of Floor & Decor from $135.00 to $125.00 and set a neutral rating for the company in a research note on Friday. Finally, Stifel Nicolaus decreased their price target on shares of Floor & Decor from $115.00 to $110.00 and set a hold rating on the stock in a research report on Monday, February 26th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Floor & Decor currently has a consensus rating of Hold and a consensus price target of $108.76.

Floor & Decor Stock Performance

FND stock traded up $3.93 during mid-day trading on Monday, reaching $116.97. 1,374,938 shares of the stock traded hands, compared to its average volume of 1,400,629. The company has a quick ratio of 0.21, a current ratio of 1.17 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average of $118.90 and a two-hundred day moving average of $106.41. The firm has a market capitalization of $12.49 billion, a PE ratio of 56.74, a P/E/G ratio of 5.51 and a beta of 1.86. Floor & Decor has a 52 week low of $76.30 and a 52 week high of $135.67.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. Floor & Decor had a return on equity of 11.80% and a net margin of 5.11%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the company earned $0.66 earnings per share. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. As a group, equities analysts predict that Floor & Decor will post 1.9 EPS for the current fiscal year.

Insiders Place Their Bets

In other Floor & Decor news, President Trevor Lang sold 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $123.28, for a total value of $1,602,640.00. Following the completion of the sale, the president now owns 170,844 shares in the company, valued at approximately $21,061,648.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Floor & Decor news, President Trevor Lang sold 13,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $123.28, for a total value of $1,602,640.00. Following the sale, the president now owns 170,844 shares of the company’s stock, valued at approximately $21,061,648.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Bryan Langley sold 5,865 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $119.86, for a total transaction of $702,978.90. Following the transaction, the chief financial officer now directly owns 17,422 shares of the company’s stock, valued at $2,088,200.92. The disclosure for this sale can be found here. Insiders have sold 90,867 shares of company stock worth $11,016,089 in the last ninety days. Insiders own 2.10% of the company’s stock.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.