Floor & Decor (FND) Scheduled to Post Quarterly Earnings on Thursday

Floor & Decor (NYSE:FND) is scheduled to issue its earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.45 per share for the quarter. Floor & Decor has set its FY24 guidance at $1.75 to $2.05 EPS and its FY 2024 guidance at 1.750-2.050 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.07. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. Floor & Decor had a net margin of 5.57% and a return on equity of 13.38%. The company’s revenue was up .0% on a year-over-year basis. During the same quarter last year, the firm earned $0.64 EPS. On average, analysts expect Floor & Decor to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Floor & Decor Stock Performance

Shares of NYSE:FND opened at $111.31 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 0.18 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average price of $118.98 and a 200-day moving average price of $105.46. The company has a market cap of $11.88 billion, a price-to-earnings ratio of 49.04, a price-to-earnings-growth ratio of 5.34 and a beta of 1.85. Floor & Decor has a 12 month low of $76.30 and a 12 month high of $135.67.

Insider Buying and Selling at Floor & Decor

In other news, Director Norman Axelrod sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $119.97, for a total value of $4,798,800.00. Following the transaction, the director now owns 226,080 shares in the company, valued at $27,122,817.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, President Trevor Lang sold 13,000 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $123.28, for a total transaction of $1,602,640.00. Following the sale, the president now directly owns 170,844 shares of the company’s stock, valued at $21,061,648.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Norman Axelrod sold 40,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $119.97, for a total value of $4,798,800.00. Following the completion of the transaction, the director now directly owns 226,080 shares of the company’s stock, valued at approximately $27,122,817.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 90,867 shares of company stock worth $11,016,089. 2.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FND has been the subject of several research analyst reports. Truist Financial increased their price objective on Floor & Decor from $102.00 to $127.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Guggenheim boosted their price objective on shares of Floor & Decor from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. The Goldman Sachs Group raised their target price on shares of Floor & Decor from $71.00 to $79.00 and gave the stock a “neutral” rating in a research report on Monday, February 26th. Piper Sandler boosted their price target on shares of Floor & Decor from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday, April 9th. Finally, Barclays increased their price target on shares of Floor & Decor from $66.00 to $75.00 and gave the stock an “underweight” rating in a research note on Thursday, January 4th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $110.19.

About Floor & Decor

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.