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

Floor & Decor Holdings, Inc. (NYSE:FND) – Stock analysts at Wedbush cut their Q3 2024 earnings estimates for Floor & Decor in a research note issued to investors on Friday, October 25th. Wedbush analyst S. Basham now anticipates that the company will post earnings of $0.40 per share for the quarter, down from their prior estimate of $0.42. Wedbush has a “Outperform” rating and a $110.00 price target 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 posted its earnings results on Thursday, August 1st. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.15 billion. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. Floor & Decor’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.66 earnings per share.

Other analysts have also issued reports about the stock. Evercore ISI lowered their price target on shares of Floor & Decor from $120.00 to $100.00 and set an “in-line” rating on the stock in a research report on Tuesday, July 2nd. Telsey Advisory Group reissued a “market perform” rating and set a $95.00 price target on shares of Floor & Decor in a research report on Friday, October 25th. JPMorgan Chase & Co. reduced their price objective on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Robert W. Baird dropped their price objective on Floor & Decor from $127.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday, July 29th. Finally, Wells Fargo & Company upped their target price on shares of Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $104.76.

Floor & Decor Stock Performance

NYSE:FND opened at $100.06 on Monday. The company has a current ratio of 1.17, a quick ratio of 0.27 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $10.71 billion, a P/E ratio of 48.34, a price-to-earnings-growth ratio of 13.92 and a beta of 1.80. The firm has a 50-day moving average price of $112.00 and a two-hundred day moving average price of $108.92. Floor & Decor has a twelve month low of $76.30 and a twelve month high of $135.67.

Institutional Trading of Floor & Decor

Institutional investors and hedge funds have recently bought and sold shares of the business. Silver Coast Investments LLC grew its stake in Floor & Decor by 5.1% during the third quarter. Silver Coast Investments LLC now owns 3,074 shares of the company’s stock worth $382,000 after buying an additional 150 shares during the period. First Trust Direct Indexing L.P. boosted its position in Floor & Decor by 17.8% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,549 shares of the company’s stock worth $317,000 after purchasing an additional 386 shares during the period. State of Alaska Department of Revenue increased its holdings in Floor & Decor by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 12,400 shares of the company’s stock valued at $1,539,000 after purchasing an additional 840 shares in the last quarter. PFG Investments LLC purchased a new position in Floor & Decor in the third quarter valued at about $1,251,000. Finally, International Assets Investment Management LLC lifted its stake in shares of Floor & Decor by 63,243.2% during the third quarter. International Assets Investment Management LLC now owns 93,748 shares of the company’s stock worth $11,641,000 after purchasing an additional 93,600 shares in the last quarter.

About Floor & Decor

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.