What is Wedbush’s Estimate for Floor & Decor Q3 Earnings?

Floor & Decor Holdings, Inc. (NYSE:FND) – Wedbush dropped their Q3 2024 earnings per share (EPS) estimates for Floor & Decor in a note issued to investors on Friday, October 25th. Wedbush analyst S. Basham now forecasts that the company will post earnings per share of $0.40 for the quarter, down from their previous forecast of $0.42. Wedbush has a “Outperform” rating and a $110.00 price objective on the stock. The consensus estimate for Floor & Decor’s current full-year earnings is $1.67 per share. Wedbush also issued estimates for Floor & Decor’s Q4 2024 earnings at $0.24 EPS, FY2024 earnings at $1.62 EPS, Q3 2025 earnings at $0.52 EPS, Q4 2025 earnings at $0.32 EPS and FY2025 earnings at $1.74 EPS.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the company posted $0.66 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year.

Several other equities analysts also recently commented on FND. Citigroup lowered their price target on Floor & Decor from $109.00 to $104.00 and set a “neutral” rating on the stock in a report on Friday, July 19th. Telsey Advisory Group restated a “market perform” rating and issued a $95.00 price objective on shares of Floor & Decor in a research note on Friday. JPMorgan Chase & Co. lowered their price objective on shares of Floor & Decor from $99.00 to $92.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Piper Sandler raised their price objective on shares of Floor & Decor from $95.00 to $119.00 and gave the stock a “neutral” rating in a research note on Monday, September 30th. Finally, Guggenheim lowered their price objective on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $104.42.

Floor & Decor Trading Down 1.9 %

Shares of FND stock opened at $102.02 on Monday. Floor & Decor has a 12 month low of $76.30 and a 12 month high of $135.67. The company has a quick ratio of 0.27, a current ratio of 1.17 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average is $112.24 and its two-hundred day moving average is $109.10. The company has a market cap of $10.93 billion, a PE ratio of 52.86, a price-to-earnings-growth ratio of 13.92 and a beta of 1.80.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. lifted its holdings in shares of Floor & Decor by 242.0% during the third quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after acquiring an additional 196 shares during the period. Chris Bulman Inc bought a new position in shares of Floor & Decor during the second quarter valued at $30,000. J.Safra Asset Management Corp lifted its holdings in shares of Floor & Decor by 630.5% during the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after acquiring an additional 372 shares during the period. RiverPark Advisors LLC increased its stake in shares of Floor & Decor by 361.1% in the first quarter. RiverPark Advisors LLC now owns 604 shares of the company’s stock valued at $78,000 after buying an additional 473 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Floor & Decor by 36.7% in the second quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock valued at $70,000 after buying an additional 189 shares in the last quarter.

Floor & Decor Company Profile

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.