Analysts predict that Finish Line Inc (NASDAQ:FINL) will post $575.11 million in sales for the current quarter, Zacks reports. Six analysts have issued estimates for Finish Line’s earnings, with estimates ranging from $542.40 million to $598.28 million. Finish Line posted sales of $557.45 million during the same quarter last year, which suggests a positive year over year growth rate of 3.2%. The company is expected to report its next earnings results on Friday, March 23rd.
According to Zacks, analysts expect that Finish Line will report full-year sales of $575.11 million for the current year, with estimates ranging from $1.82 billion to $1.88 billion. For the next financial year, analysts expect that the firm will post sales of $1.83 billion per share, with estimates ranging from $1.79 billion to $1.87 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Finish Line.
Finish Line (NASDAQ:FINL) last posted its quarterly earnings data on Thursday, December 21st. The specialty retailer reported ($0.26) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.36) by $0.10. The company had revenue of $378.50 million during the quarter, compared to analysts’ expectations of $361.46 million. Finish Line had a negative net margin of 0.62% and a positive return on equity of 5.43%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.24) earnings per share.
FINL has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Finish Line from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. BidaskClub upgraded shares of Finish Line from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. B. Riley upped their price objective on shares of Finish Line from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Thursday, December 28th. Buckingham Research set a $7.00 target price on shares of Finish Line and gave the company a “sell” rating in a research report on Monday, December 25th. Finally, Credit Suisse Group assumed coverage on shares of Finish Line in a research report on Monday, March 12th. They issued an “underperform” rating and a $9.00 target price for the company. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $10.60.
A number of institutional investors have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC acquired a new stake in Finish Line during the fourth quarter worth about $292,000. Millennium Management LLC increased its position in Finish Line by 147.9% during the fourth quarter. Millennium Management LLC now owns 185,914 shares of the specialty retailer’s stock worth $2,701,000 after purchasing an additional 110,914 shares during the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new stake in Finish Line during the fourth quarter worth about $2,124,000. Paloma Partners Management Co acquired a new stake in Finish Line during the fourth quarter worth about $350,000. Finally, HBK Investments L P acquired a new stake in Finish Line during the fourth quarter worth about $1,081,000. Hedge funds and other institutional investors own 88.62% of the company’s stock.
Finish Line stock traded down $0.30 during trading hours on Friday, reaching $10.01. 944,008 shares of the company’s stock were exchanged, compared to its average volume of 1,337,393. The firm has a market capitalization of $417.78, a PE ratio of -35.75, a PEG ratio of 1.40 and a beta of 1.16. Finish Line has a 52 week low of $6.90 and a 52 week high of $16.43.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 19th. Investors of record on Friday, March 2nd were given a dividend of $0.115 per share. This is a boost from Finish Line’s previous quarterly dividend of $0.11. This represents a $0.46 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend was Thursday, March 1st. Finish Line’s dividend payout ratio (DPR) is presently -164.28%.
Finish Line Company Profile
The Finish Line, Inc is a specialty retailer. The Company is a retailer of athletic shoes, apparel and accessories for men, women and kids, throughout the United States and Puerto Rico. The Company operates through the Finish Line brand. Finish Line is a retailer of athletic shoes, apparel and accessories.
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