Lumber Liquidators Holdings Inc (LL) Expected to Post FY2018 Earnings of $0.56 Per Share

Lumber Liquidators Holdings Inc (NYSE:LL) – Investment analysts at SunTrust Banks lowered their FY2018 EPS estimates for Lumber Liquidators in a research note issued on Monday, January 7th. SunTrust Banks analyst K. Hughes now expects that the specialty retailer will post earnings of $0.56 per share for the year, down from their previous forecast of $0.57. SunTrust Banks currently has a “Hold” rating and a $10.00 target price on the stock. SunTrust Banks also issued estimates for Lumber Liquidators’ Q1 2019 earnings at ($0.13) EPS, Q2 2019 earnings at ($0.09) EPS, Q3 2019 earnings at $0.12 EPS and FY2019 earnings at $0.13 EPS.

Lumber Liquidators (NYSE:LL) last announced its earnings results on Tuesday, October 30th. The specialty retailer reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.09. Lumber Liquidators had a net margin of 0.51% and a return on equity of 6.14%. The company had revenue of $270.47 million for the quarter, compared to analysts’ expectations of $281.82 million. During the same quarter in the previous year, the company posted $0.12 EPS. The firm’s quarterly revenue was up 6.4% on a year-over-year basis.

Several other brokerages have also recently issued reports on LL. Loop Capital cut shares of Lumber Liquidators from a “buy” rating to a “hold” rating and lowered their target price for the stock from $24.00 to $10.00 in a research note on Thursday, January 3rd. CIBC reaffirmed a “market perform” rating on shares of Lumber Liquidators in a research note on Tuesday, October 30th. Oppenheimer cut shares of Lumber Liquidators from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 30th. Morgan Stanley lowered their target price on shares of Lumber Liquidators from $21.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 11th. Finally, Credit Suisse Group lowered their target price on shares of Lumber Liquidators from $17.00 to $13.00 and set a “hold” rating on the stock in a research note on Wednesday, October 31st. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the company. Lumber Liquidators presently has an average rating of “Hold” and a consensus target price of $14.70.

Shares of LL opened at $10.75 on Wednesday. Lumber Liquidators has a 52-week low of $9.13 and a 52-week high of $31.95. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.18 and a current ratio of 1.89. The firm has a market cap of $287.35 million, a price-to-earnings ratio of -8.08, a price-to-earnings-growth ratio of 0.82 and a beta of 1.68.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Macquarie Group Ltd. acquired a new position in Lumber Liquidators in the second quarter valued at about $127,000. NumerixS Investment Technologies Inc lifted its position in Lumber Liquidators by 530.0% in the second quarter. NumerixS Investment Technologies Inc now owns 6,300 shares of the specialty retailer’s stock valued at $156,000 after buying an additional 5,300 shares during the last quarter. Meadow Creek Investment Management LLC lifted its position in Lumber Liquidators by 95.8% in the second quarter. Meadow Creek Investment Management LLC now owns 7,896 shares of the specialty retailer’s stock valued at $192,000 after buying an additional 3,864 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Lumber Liquidators in the second quarter valued at about $220,000. Finally, Quantbot Technologies LP acquired a new position in Lumber Liquidators in the third quarter valued at about $223,000. 77.19% of the stock is currently owned by institutional investors.

Lumber Liquidators Company Profile

Lumber Liquidators Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The company offers hardwood species, engineered hardwood, laminates, resilient vinyl flooring, and wood-look ceramic; renewable flooring, and bamboo and cork products; and a selection of flooring enhancements and accessories, including moldings, noise-reducing underlay, adhesives, and flooring tools under the Bellawood and Morning Star Bamboo brands.

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

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