Floor & Decor (NYSE:FND) Updates FY 2024 Earnings Guidance

Floor & Decor (NYSE:FND) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.650-1.750 for the period, compared to the consensus earnings per share estimate of 1.680. The company issued revenue guidance of $4.4 billion-$4.4 billion, compared to the consensus revenue estimate of $4.5 billion. Floor & Decor also updated its FY24 guidance to ~$1.65-1.75 EPS.

Floor & Decor Price Performance

FND stock traded up $0.71 during mid-day trading on Friday, reaching $103.76. 1,190,414 shares of the company traded hands, compared to its average volume of 1,429,009. Floor & Decor has a 52-week low of $76.30 and a 52-week high of $135.67. The company has a market capitalization of $11.12 billion, a P/E ratio of 57.64, a P/E/G ratio of 13.59 and a beta of 1.80. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.27. The company has a fifty day moving average price of $111.62 and a 200-day moving average price of $108.78.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.14 billion. Floor & Decor had a return on equity of 9.84% and a net margin of 4.45%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the company posted $0.61 EPS. As a group, analysts anticipate that Floor & Decor will post 1.66 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Piper Sandler decreased their target price on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a research report on Monday, October 28th. Telsey Advisory Group reiterated a “market perform” rating and issued a $95.00 price objective on shares of Floor & Decor in a research report on Thursday. Mizuho boosted their price objective on shares of Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday. Guggenheim cut their price target on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, TD Cowen dropped their price target on Floor & Decor from $115.00 to $100.00 and set a “hold” rating on the stock in a research report on Friday, July 12th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $104.24.

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.