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

Floor & Decor (NYSE:FND) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.650-1.750 for the period, compared to the consensus EPS estimate of 1.680. The company issued revenue guidance of $4.4 billion-$4.4 billion, compared to the consensus revenue estimate of $4.5 billion. Floor & Decor also updated its FY24 guidance to ~$1.65-1.75 EPS.

Analysts Set New Price Targets

FND has been the subject of a number of recent analyst reports. Citigroup decreased their target price on Floor & Decor from $109.00 to $104.00 and set a “neutral” rating for the company in a research report on Friday, July 19th. Guggenheim cut their target price on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. JPMorgan Chase & Co. lowered their price target on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Wells Fargo & Company boosted their price objective on Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Wedbush reaffirmed an “outperform” rating and issued a $110.00 target price on shares of Floor & Decor in a report on Friday, October 25th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $104.24.

Floor & Decor Trading Up 1.3 %

FND stock traded up $1.33 during midday trading on Thursday, hitting $102.21. 906,425 shares of the company’s stock were exchanged, compared to its average volume of 1,425,397. The stock’s fifty day moving average price is $111.85 and its 200-day moving average price is $108.87. Floor & Decor has a one year low of $76.30 and a one year high of $135.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.27 and a current ratio of 1.17. The company has a market cap of $10.94 billion, a PE ratio of 49.53, a price-to-earnings-growth ratio of 13.92 and a beta of 1.80.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the company earned $0.61 earnings per share. Floor & Decor’s quarterly revenue was up .9% on a year-over-year basis. Research analysts predict that Floor & Decor will post 1.67 earnings per share for the current fiscal year.

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.