|Over a month ago|
Lumber Liquidators reports Q4 adjusted EPS $1.06, consensus 50c » 06:0403/0203/02/21
Reports Q4 revenue…
Reports Q4 revenue $304.21M, consensus $296.51M. Adjusted earnings per diluted share for the fourth quarter of 2020 included the partial release of the valuation allowance of $19.6M. "We closed 2020 strong with fourth quarter comparable sales up 10.5%, reflecting continued execution on our transformation plan that positioned us to capitalize on robust consumer demand for home improvement projects," said president and CEO Charles Tyson. "I am pleased with the progress our team is making on our four strategic pillars: people and culture, improving the customer experience, driving traffic and transactions, and improving profitability. For the full year 2020, we delivered $1.1 billion of net sales, demonstrating resilience as we navigated the COVID-19 shut down in the spring to grow comparable sales 10.8% in the second half. Our profitability initiatives drove a $40 million increase in operating income and a 360 basis points increase in operating margin on similar net sales versus 2019. I want to thank our team members for serving our customers every day to deliver these impressive results."
Lumber Liquidators falls -10.3% » 12:0001/2201/22/21
Lumber Liquidators is…
Lumber Liquidators is down -10.3%, or -$3.44 to $30.00.
|Over a quarter ago|
Fly Intel: Top five analyst downgrades » 09:5401/1201/12/21
CMC, KMI, LL, AEP, SLP
Catch up on today's…
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Commercial Metals (CMC) downgraded to Underperform from Neutral at BofA with analyst Timna Tanners expecting margin pressure in 2021 as higher scrap and steel prices "squeeze" downstream rebar fabricating operations. 2. Kinder Morgan (KMI) downgraded to Equal Weight from Overweight at Barclays with analyst Christine Cho saying liquefied natural gas exports are set to normalize this year and associated gas production growth is slated to moderate. 3. Lumber Liquidators (LL) downgraded to Hold from Buy at Loop Capital with analyst Laura Champine saying the benefit from the favorable ruling that retroactively excluded certain LVT products imported from China from tariffs has lapsed, and this should hurt near-term margin and EPS growth. 4. American Electric (AEP) downgraded to Sector Weight from Overweight at KeyBanc with analyst Sophie Karp citing the lack of imminent catalysts specific to American Electric at this juncture and her shift in focus away from pure regulated names to those with more renewable exposure. 5. Simulations Plus (SLP) downgraded to Hold from Buy at Craig-Hallum with analyst Matt Hewitt saying while he continues to see a lot to like, including mid-30% EBITDA margins and the potential for 20% topline growth, he believes these factors are reflected in the current stock price. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Lumber Liquidators downgraded to Hold at Loop Capital following run up » 07:1301/1201/12/21
Loop Capital analyst…
Loop Capital analyst Laura Champine downgraded Lumber Liquidators to Hold from Buy with a $30 price target following the recent run up in the stock. The benefit from the favorable ruling that retroactively excluded certain LVT products imported from China from tariffs has lapsed, and this should hurt near-term margin and EPS growth, Champine tells investors in a research note. The analyst believes the valuation is full given an expectation for declining EPS this year, and sees a reduction in home-related spending later in 2021.
Lumber Liquidators downgraded to Hold from Buy at Loop Capital » 06:1501/1201/12/21
Loop Capital analyst…
Loop Capital analyst Laura Champine downgraded Lumber Liquidators to Hold from Buy.
Lumber Liquidators price target raised to $26 from $21 at Wedbush » 07:1711/0311/03/20
Wedbush analyst Seth…
Wedbush analyst Seth Basham raised the firm's price target on Lumber Liquidators to $26 from $21 and keeps a Neutral rating on the shares. The analyst notes that the company reported Q3 sales that were better than expectations on the top- and bottom-lines.
Lumber Liquidators price target raised to $29 from $23 at Piper Sandler » 06:0711/0311/03/20
Piper Sandler analyst…
Piper Sandler analyst Peter Keith raised the firm's price target on Lumber Liquidators to $29 from $23 and reiterates a Neutral rating on the shares following the company's "strong" Q3 results. The comp of over 10% was the highest since 2013 and operating margin of 9.7% was the highest since 2014, Keith tells investors in a research note.
Lumber Liquidators rises 19.9% » 12:0011/0211/02/20
Lumber Liquidators is up…
Lumber Liquidators is up 19.9%, or $4.40 to $26.52.
Fly Intel: Pre-market Movers » 08:5611/0211/02/20
DBVT, NIO, SUP, LL, QTNT, CLX, EL, WING, CWH, RGS, NLSN, MPC, USFD, LITE, HZNP, AMC, CVAC
Check out this morning's…
Lumber Liquidators not providing financial guidance » 06:0611/0211/02/20
As previously announced…
As previously announced on April 20, 2020, the company withdrew its annual financial guidance that was initially provided on February 25, 2020. The uncertainty surrounding the duration and extent of the impact of COVID-19 makes it uniquely challenging to accurately forecast future financial performance, and as such, the company is not providing financial guidance.