When taking a look at the long term growth, analysts have a mean estimate on Lumber Liquidators Holdings Inc of $28.5. With the volume soaring to 1,669,587 shares, the last trade was called at $18.59. The company has a market cap of $503 million and there are 27,081,000 shares in outstanding.
Advertisement
Lumber Liquidators was the focus of a report on the “60 Minutes” news program that detailed issues with the flooring product imported from China. Out of these projections, the most bullish has the stock at $30 while the most bearish sees the stock at $18 within the next year.
“We’re proud to offer homeowners in the Greer area a new destination for finding their ideal floor”, said Tom Sullivan, the company’s founder and acting chief executive officer. Analysts expect the company to announce earnings of $0.06 per share and revenue of $257.66 million for the quarter. The firm’s revenue was down 5.8% compared to the same quarter previous year. KeyBanc reiterated an “equal weight” rating on shares of Lumber Liquidators Holdings in a research report on Friday, May 22nd.
Lumber Liquidators has cash of $45.3 million, a slight decrease from the year earlier period, and $20 million outstanding on its revolving credit facility. Raymond James downgraded shares of Lumber Liquidators Holdings from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 21st.
The average rating on the stock of the analysts surveyed by FactSet was the equivalent of a hold, while the average price target of $27.78 is about 51% above current levels. The consensus price target on the stock is $29.00.
Advertisement
Earnings: Lumber Liquidators is expected to swing back to reporting a quarterly profit, after reporting a loss in the first quarter, its first since it went public during the fourth quarter of 2007. (NYSE:LL) is a retailer of hardwood flooring, and hardwood flooring augmentations and accessories in North America. The Company offers an assortment of wood flooring, which includes prefinished domestic and exotic hardwoods, engineered hardwoods, unfinished hardwoods, bamboo, cork and laminates, as well as resilient flooring. The Organization also supplies a variety of flooring enhancements and installation accessories, including moldings, sound-reducing tools and underlay. It gives around 400 distinct flooring merchandise stock- keeping units. As of February 23, 2015, Lumber Liquidators operated around 354 stores situated in nine shop locations in Canada and 46 states of America.
