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

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

A number of other brokerages have also issued reports on FND. Truist Financial decreased their target price on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. TD Cowen cut their price target on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating for the company in a report on Friday, July 12th. Stifel Nicolaus upped their price target on shares of Floor & Decor from $85.00 to $100.00 and gave the company a “hold” rating in a report on Friday, August 30th. Robert W. Baird cut their price target on shares of Floor & Decor from $127.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, July 29th. Finally, JPMorgan Chase & Co. cut their price target on shares of Floor & Decor from $99.00 to $92.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $104.42.

Floor & Decor Stock Performance

Shares of FND opened at $102.02 on Monday. The firm has a 50-day moving average price of $112.24 and a 200 day moving average price of $109.10. The firm has a market capitalization of $10.93 billion, a PE ratio of 52.86, a P/E/G ratio of 13.92 and a beta of 1.80. The company has a quick ratio of 0.27, a current ratio of 1.17 and a debt-to-equity ratio of 0.10. Floor & Decor has a 52-week low of $76.30 and a 52-week high of $135.67.

Institutional Trading of Floor & Decor

A number of hedge funds have recently made changes to their positions in the stock. Vancity Investment Management Ltd lifted its position in shares of Floor & Decor by 1.5% in the first quarter. Vancity Investment Management Ltd now owns 7,649 shares of the company’s stock worth $991,000 after purchasing an additional 111 shares in the last quarter. King Luther Capital Management Corp increased its holdings in Floor & Decor by 1.2% in the second quarter. King Luther Capital Management Corp now owns 10,987 shares of the company’s stock worth $1,092,000 after buying an additional 127 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in Floor & Decor by 4.3% in the second quarter. Commonwealth Equity Services LLC now owns 3,354 shares of the company’s stock worth $333,000 after buying an additional 138 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in Floor & Decor by 7.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,371 shares of the company’s stock worth $236,000 after buying an additional 169 shares during the last quarter. Finally, CWM LLC increased its holdings in Floor & Decor by 15.8% in the third quarter. CWM LLC now owns 1,289 shares of the company’s stock worth $160,000 after buying an additional 176 shares during 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.