|Bid||5.89 x 900|
|Ask||8.80 x 900|
|Day's Range||8.22 - 8.77|
|52 Week Range||6.59 - 14.44|
|Beta (3Y Monthly)||1.97|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||9.75|
Lumber Liquidators (LL) delivered earnings and revenue surprises of -60.00% and -4.33%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Shares of Lumber Liquidators Holdings Inc. fell nearly 3% in premarket trading on Wednesday after the hardwood floor retailer reported soft demand in a "challenging quarter," and cut its full-year 2019 sales and operating margin guidance. Lumber Liquidators reported third-quarter adjusted earnings per share of 8 cents, versus 27 cents in the year-ago period. Net sales fell $6.5 million, or 2.4% to $264 million. Same-store sales fell 3.6% due to weak sales at the start of the quarter and a network security incident in late August, caused by malware that encrypted certain information technology systems and impacted the company's ability to electronically process transactions. The company cut its full-year revenue outlook to flat to slightly positive from a previous outlook of low-single-digits growth. Its same-store sales outlook went from roughly flat to down 2% to flat. Adjusted operating margin is now seen at 1% to 1.4%, from a prior 1.4% to 1.9%.
Reported Results Include Impact of August Network Security Incident; Insurance Recovery Process Ongoing TOANO, Va. , Nov. 6, 2019 /PRNewswire/ -- Lumber Liquidators (NYSE: LL), a leading specialty retailer ...
On Wednesday, November 6, Lumber Liquidators Hldgs (NYSE: LL ) will report its last quarter's earnings. Here is Benzinga's preview of the company's release. Earnings and Revenue Lumber Liquidators EPS ...
Lumber Liquidators (LL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
TOANO, Va. , Oct. 16, 2019 /PRNewswire/ -- Lumber Liquidators (NYSE: LL), a leading specialty retailer of hard-surface flooring in North America , today announced that it intends to release third quarter ...
Dennis Knowles has been the CEO of Lumber Liquidators Holdings, Inc. (NYSE:LL) since 2016. This report will, first...
Home Depot (HD) gains from efforts to provide an interconnected shopping experience to customers. But lumber price deflation and increased tariffs are potent threats.
Lumber Liquidators Holdings Inc. disclosed Wednesday it will pay up to $30 million as part of a settlement of a class-action suit over its Morning Star Strand Bamboo flooring that was purchased between Jan. 1, 2012 and March 15, 2019. Under terms of the settlement, the company will contribute $14 million and cash and provide $14 million in store-credit vouchers, with a potential $2 million in additional store-credit vouchers. The company said in an 8-K filing with the Securities and Exchange Commission that the settlement can be funded from cash flow and existing liquidity sources. The stock, which was still inactive in premarket trading, has lost 32.5% over the past 12 months, while the S&P 500 has gained 0.6%.
Bed Bath & Beyond (BBBY) grapples with margin woes for a while now due to higher costs. This might hurt its bottom-line performance in second-quarter fiscal 2019.
Lumber Liquidators Holdings, Inc. (NYSE:LL) shareholders should be happy to see the share price up 21% in the last...
Shares of Lumber Liquidators Holdings Inc. tumbled 12% in active afternoon trading, and have now plunged 24% in three sessions since closing at 4-month high on Tuesday. Trading volume was 6.4 million shares, compared with the full-day average of 2.2 million shares. The selloff in the wood-flooring company's stock comes after founder and former CEO Thomas Sullivan and F9 Investments LLC disclosed that it now owned 461,895 Lumber Liquidator shares, or 1.6% of the shares outstanding, indicating Sullivan and F9 sold off 1.75 million shares in the past week, representing 6.1% of the shares outstanding, after Sullivan and F9 disclosed it had accumulated a 2,212,367-share stake, or 7.7% of the shares outstanding, in the weeks leading up to Sept. 5. Sullivan, currently the CEO of Cabinets to Go, said the reason for acquiring the large stake was to "explore various options and propose a transaction," including a potential purchase of Lumber Liquidators. On Friday, Sullivan said he sold the bulk of his holdings because after the recent "significant" rally, the stock was "no longer undervalued," making a potential acquisition "less prudent at these elevated levels." Since Aug. 20, when Sullivan first disclosed it acquired a 6.0% stake, through Sept. 5, the stock had soared 55%. The stock is now up 4.5% year to date, while the S&P 500 has run up 20.0%.
Lumber Liquidators Holdings founder Tom Sullivan has boosted his stake in the flooring retailer that he wants to acquire.