$273.15 Million in Sales Expected for Lumber Liquidators Holdings Inc (LL) This Quarter

Equities research analysts expect that Lumber Liquidators Holdings Inc (NYSE:LL) will announce $273.15 million in sales for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Lumber Liquidators’ earnings, with estimates ranging from $259.10 million to $279.70 million. Lumber Liquidators posted sales of $259.86 million during the same quarter last year, which suggests a positive year-over-year growth rate of 5.1%. The business is scheduled to issue its next quarterly earnings results on Tuesday, February 26th.

According to Zacks, analysts expect that Lumber Liquidators will report full-year sales of $1.09 billion for the current financial year, with estimates ranging from $1.07 billion to $1.10 billion. For the next fiscal year, analysts expect that the business will report sales of $1.15 billion, with estimates ranging from $1.12 billion to $1.17 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Lumber Liquidators.

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

LL has been the topic of several analyst reports. Loop Capital lowered Lumber Liquidators from a “buy” rating to a “hold” rating and reduced their target price for the stock from $24.00 to $10.00 in a report on Thursday, January 3rd. ValuEngine lowered Lumber Liquidators from a “hold” rating to a “sell” rating in a report on Monday, December 31st. CIBC reissued a “market perform” rating on shares of Lumber Liquidators in a report on Tuesday, October 30th. UBS Group lowered Lumber Liquidators from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 30th. Finally, Oppenheimer lowered Lumber Liquidators from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 30th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.70.

NYSE LL traded up $0.21 on Tuesday, reaching $11.54. The stock had a trading volume of 479,946 shares, compared to its average volume of 891,565. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.89 and a quick ratio of 0.18. Lumber Liquidators has a 1-year low of $9.13 and a 1-year high of $31.24. The firm has a market cap of $319.98 million, a price-to-earnings ratio of -8.68, a P/E/G ratio of 0.91 and a beta of 1.68.

Several hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc lifted its position in shares of Lumber Liquidators by 4.9% during the 2nd quarter. Legal & General Group Plc now owns 60,285 shares of the specialty retailer’s stock worth $1,477,000 after buying an additional 2,827 shares during the last quarter. Glen Harbor Capital Management LLC lifted its position in shares of Lumber Liquidators by 95.8% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 9,588 shares of the specialty retailer’s stock worth $233,000 after buying an additional 4,692 shares during the last quarter. Macquarie Group Ltd. bought a new stake in shares of Lumber Liquidators during the 2nd quarter worth $127,000. Summit Global Investments lifted its position in shares of Lumber Liquidators by 21.6% during the 3rd quarter. Summit Global Investments now owns 33,800 shares of the specialty retailer’s stock worth $524,000 after buying an additional 6,000 shares during the last quarter. Finally, Trexquant Investment LP lifted its position in shares of Lumber Liquidators by 33.1% during the 3rd quarter. Trexquant Investment LP now owns 27,590 shares of the specialty retailer’s stock worth $427,000 after buying an additional 6,867 shares during the last quarter. Institutional investors and hedge funds own 77.19% of the company’s stock.

About Lumber Liquidators

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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