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

Floor & Decor (NYSE:FND) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 1.750-2.050 for the period, compared to the consensus 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.

Floor & Decor Stock Up 3.5 %

Shares of NYSE:FND traded up $3.93 during trading on Monday, hitting $116.97. The company’s stock had a trading volume of 1,374,938 shares, compared to its average volume of 1,400,629. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.21 and a current ratio of 1.17. The company has a market capitalization of $12.49 billion, a PE ratio of 56.51, a PEG ratio of 5.51 and a beta of 1.86. Floor & Decor has a fifty-two week low of $76.30 and a fifty-two week high of $135.67. The stock’s 50-day moving average price is $118.92 and its two-hundred day moving average price is $106.64.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on FND. Telsey Advisory Group reissued a market perform rating and issued a $110.00 price objective on shares of Floor & Decor in a report on Monday, April 29th. Bank of America upped their target price on Floor & Decor from $125.00 to $140.00 and gave the stock a buy rating in a research report on Thursday, March 14th. Evercore ISI cut their target price on Floor & Decor from $120.00 to $115.00 and set an in-line rating for the company in a research report on Friday. Stifel Nicolaus cut their target price on Floor & Decor from $115.00 to $110.00 and set a hold rating for the company in a research report on Monday, February 26th. Finally, TD Cowen cut their target price on Floor & Decor from $125.00 to $115.00 and set a hold rating for the company in a research report on Friday. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Floor & Decor currently has a consensus rating of Hold and a consensus target price of $108.76.

Insiders Place Their Bets

In other Floor & Decor news, EVP Steven Alan Denny sold 5,152 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $123.52, for a total transaction of $636,375.04. Following the completion of the sale, the executive vice president now directly owns 13,271 shares in the company, valued at $1,639,233.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO David Victor Christopherson sold 6,850 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $118.70, for a total value of $813,095.00. Following the completion of the sale, the chief accounting officer now owns 25,271 shares in the company, valued at $2,999,667.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Steven Alan Denny sold 5,152 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $123.52, for a total transaction of $636,375.04. Following the completion of the sale, the executive vice president now owns 13,271 shares of the company’s stock, valued at approximately $1,639,233.92. The disclosure for this sale can be found here. Insiders have sold 90,867 shares of company stock valued at $11,016,089 over the last three months. 2.10% of the stock is currently owned by insiders.

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.