Lumber Liquidators Holdings Inc (LL) Expected to Post Quarterly Sales of $259.82 Million

Wall Street brokerages forecast that Lumber Liquidators Holdings Inc (NYSE:LL) will report sales of $259.82 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Lumber Liquidators’ earnings, with estimates ranging from $257.32 million to $261.80 million. Lumber Liquidators posted sales of $248.39 million in the same quarter last year, which suggests a positive year over year growth rate of 4.6%. The business is scheduled to announce its next earnings results on Tuesday, May 1st.

According to Zacks, analysts expect that Lumber Liquidators will report full year sales of $259.82 million for the current fiscal year, with estimates ranging from $1.09 billion to $1.12 billion. For the next year, analysts anticipate that the business will report sales of $1.19 billion per share, with estimates ranging from $1.17 billion to $1.21 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Lumber Liquidators.

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Lumber Liquidators (NYSE:LL) last posted its quarterly earnings data on Tuesday, February 27th. The specialty retailer reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.01. Lumber Liquidators had a negative net margin of 3.68% and a positive return on equity of 1.71%. The company had revenue of $259.86 million during the quarter, compared to the consensus estimate of $264.56 million. During the same quarter in the prior year, the company posted ($0.20) EPS. The company’s quarterly revenue was up 6.1% compared to the same quarter last year.

A number of equities analysts have weighed in on the company. Wedbush cut Lumber Liquidators from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $39.00 to $28.00 in a report on Monday, February 12th. Stifel Nicolaus reiterated a “hold” rating and set a $25.00 target price (down from $33.00) on shares of Lumber Liquidators in a research note on Wednesday, February 28th. Credit Suisse Group reduced their target price on Lumber Liquidators from $26.00 to $20.00 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. Loop Capital upgraded Lumber Liquidators from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Friday, March 16th. Finally, SunTrust Banks dropped their price target on Lumber Liquidators to $24.00 and set a “hold” rating on the stock in a research report on Thursday, March 1st. Ten investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Lumber Liquidators has an average rating of “Hold” and an average price target of $26.00.

Several large investors have recently added to or reduced their stakes in the stock. Disciplined Growth Investors Inc. MN raised its stake in shares of Lumber Liquidators by 3.6% during the 4th quarter. Disciplined Growth Investors Inc. MN now owns 257,588 shares of the specialty retailer’s stock worth $8,086,000 after purchasing an additional 9,022 shares in the last quarter. MetLife Investment Advisors LLC bought a new position in shares of Lumber Liquidators in the 4th quarter valued at approximately $435,000. Gotham Asset Management LLC raised its stake in shares of Lumber Liquidators by 75.9% in the 4th quarter. Gotham Asset Management LLC now owns 33,046 shares of the specialty retailer’s stock valued at $1,037,000 after acquiring an additional 14,261 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of Lumber Liquidators by 31.4% in the 4th quarter. Macquarie Group Ltd. now owns 42,454 shares of the specialty retailer’s stock valued at $1,333,000 after acquiring an additional 10,154 shares in the last quarter. Finally, Millennium Management LLC bought a new position in shares of Lumber Liquidators in the 4th quarter valued at approximately $3,523,000. Institutional investors and hedge funds own 78.50% of the company’s stock.

NYSE LL traded up $0.42 on Friday, reaching $22.87. The company had a trading volume of 289,106 shares, compared to its average volume of 991,122. The stock has a market cap of $654.14, a PE ratio of -17.20, a P/E/G ratio of 1.23 and a beta of 1.74. Lumber Liquidators has a 1 year low of $19.46 and a 1 year high of $41.33. The company has a quick ratio of 0.20, a current ratio of 1.67 and a debt-to-equity ratio of 0.08.

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About Lumber Liquidators

Lumber Liquidators Holdings, Inc is a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The Company offers hardwood species, engineered hardwood, laminate and resilient vinyl flooring direct to the consumer. Its product categories include Solid and Engineered Hardwood; Laminate; Bamboo, Cork, Vinyl Plank and Other, Moldings and Accessories, and Non-Merchandise Services.

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Earnings History and Estimates for Lumber Liquidators (NYSE:LL)

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