10.65 +0.04 (0.38%)
Pre-Market: 7:15AM EDT
|Bid||9.75 x 1000|
|Ask||10.88 x 2200|
|Day's Range||9.91 - 10.62|
|52 Week Range||8.81 - 26.92|
|Beta (3Y Monthly)||1.60|
|PE Ratio (TTM)||55.26|
|Earnings Date||Apr 29, 2019 - May 3, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||10.22|
Lumber Liquidators Holdings Inc (NYSE: LL ) on Monday reported fourth-quarter results, which one analyst says brings the stock close to "becoming investible at long last." The Analysts Raymond ...
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Welbilt Inc. (NYSE: WBT), one of the Tampa Bay area’s largest public companies, has announced two C-level promotions. Martin D. Agard has been appointed executive vice president and chief financial officer, effective April 8, assuming the role from Haresh Shah, who will be leaving Welbilt to pursue external opportunities.
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended higher Monday. A decline in shares of Boeing and a report saying that U.S.-China trade talks may be pushed back to June limited gains.
Lumber Liquidators earnings for the fourth quarter of 2018 have LL stock taking a beating on Monday.Source: Shutterstock The first bit of bad news for Lumber Liquidators (NYSE:LL) stock comes from its CFO leaving the company. Martin Agard will be leaving LL behind on April 5, 2019. Timothy Mulvaney will serve as interim CFO for the company while it searches for a permanent replacement.The bad news for LL stock also has to do with its revenue of $268.92 million for the fourth quarter of the year. This is an increase over the company's revenue of $259.86 million reported in the fourth quarter of 2017. However, it comes in well below Wall Street's revenue estimate of $272.54 million for the period.InvestorPlace - Stock Market News, Stock Advice & Trading TipsEarnings per share in the Lumber Liquidators earnings report for the fourth quarter of 2018 comes in at 17 cents. This matches the company's earnings per share of 17 cents from the same time last year. It also beats out analysts' earnings per share estimate of 12 cents for the quarter, but wasn't enough to save LL stock today. * 7 Small-Cap Stocks That Make the Grade The Lumber Liquidators earnings report for the fourth quarter of 2018 also includes its outlook. This has the company expecting revenue to be down in the negative low-single digits for the first quarter of 2019. As for the full year, it is only expecting revenue to increase in the mid-single digits.LL stock was down 9% as of Monday afternoon, but is up 2% since the start of the year. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 of the Best Stocks to Buy Under $10 * 7 Single-Digit P/E Stocks With Massive Upside * 7 Best Quantum Computing Stocks Trading Today As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Lumber Liquidators Earnings: LL Stock Sinks on CFO Exit, Outlook appeared first on InvestorPlace.
Boeing shares slipped more than 1.5 percent after The Wall Street Journal reported that federal prosecutors and the Department of Transportation are scrutinizing the development of the company's 737 Max jets. An Ethiopian Airlines flight involving the 737 Max 8 crashed on March 10. Facebook FB — Shares of the social media giant fell more than 3 percent after an analyst at Needham downgraded them to hold from buy.
shares were down 12% in trading Monday after the hardwood flooring retailer swung to a fourth-quarter loss as payouts from legal settlements weighed on its bottom line. The company reported paying $61 million in accruals from legal settlements with local and federal regulators for misleading investors about selling laminate flooring with excessive amounts of formaldehyde. The company's settlement agreement didn't force it to admit fault or liability.
Lumber Liquidators Holdings Inc. (LL) swung to a loss in the fourth quarter as expenses rose 65% due primarily to $61 million in accruals from legal settlements with local and federal regulators. Last week, Lumber Liquidators agreed to pay around $33 million in fines after federal regulators and prosecutors accused the company of misleading investors about selling laminate flooring that contained excessive amounts of formaldehyde, a carcinogen. said that its chief financial officer plans to resign in April, amid a flurry of top-level executive departures after the company was accused of misleading investors over harmful ingredients in its laminate flooring.
The Toano, Virginia-based company said it had a loss of $1.99 per share. Earnings, adjusted for non-recurring costs, were 17 cents per share. The results beat Wall Street expectations. The average estimate ...
Wood flooring retailer Lumber Liquidators said Monday it had a net loss of $56.9 million, or $1.99 a share, in the fourth quarter, after net income of $3.0 million, or 10 cents a share, in the year-earlier period. Adjusted per-share earnings came to 17 cents, ahead of the 13 cents FactSet consensus. Sales rose to $268.9 million from $259.9 million, below the FactSet consensus of $273.0 million. Sales, general and administrative costs rose by $59.4 million to $150.9 million, mostly due to $61 million in accruals for settlements with the United States Attorney's Office for the Eastern District of Virginia (U.S. Attorney) and the Department of Justice (DOJ) and Securities and Exchange Commission (SEC) and the settlement of the Gold litigation related to the Company's Morning Star Strand bamboo flooring (Strand Bamboo Product) that were recorded in the fourth quarter of 2018. "These legal settlements represent a major milestone in our transformation, which we believe will strengthen our ability to better execute on our operational initiatives," Chief Executive Dennis Knowles said in a statement. The company said its chief financial officer is resigning effective April 5. Martin Agard has accepted a new role with a Florida company. The company has hired a search firm to help find a new finance head. The retailer is now expecting 2019 revenue growth in the mid single digit percentage rate, and same-store sales to be flat to up in low-single digits. Shares were not yet active premarket, but have fallen 60% in the last 12 months, while the S&P 500 has gained 2.6%.
Reached settlements for legacy DOJ/SEC investigations and Gold class action Timothy J. Mulvaney named Interim CFO TOANO, Va. , March 18, 2019 /PRNewswire/ -- Lumber Liquidators (NYSE: LL), a leading specialty ...
Shares of Lumber Liquidators Holdings Inc. fell 1.3% in afternoon trade Friday, ahead of the hardwood flooring seller's fourth-quarter results. It may not be a big surprise to see the stock sell off ahead of results--it has tumbled 14.3% this month (the S&P 500 has gained 1.6%). The stock has plunged on the day of the past five earnings reports, by an average of 13.1%. Even though some analysts said $33 million fine levied this week on the company, for making fraudulent statements to investors regarding unsafe flooring sourced from China, removes the last major legal overhand, Wall Street remains unanimously cautious, with all 8 analysts surveyed by FactSet rating the company the equivalent of "hold." Wedbush's Budd Bugatch said in a recent note that he's encouraged by the legal progress, there's still uncertainty regarding the underlying store operating model, the lack of resolution of the China tariffs and increasing competition from Home Depot Inc. , Lowe's Companies and Floor & Decor Holdings Inc. .
Today we'll evaluate Lumber Liquidators Holdings, Inc. (NYSE:LL) to determine whether it could have potential as an investment idea. Specifically, we're going to calculate its Return On Capital Employed (ROCE),Read More...
Lumber Liquidators Holdings Inc (NYSE: LL) finalized a resolution with various U.S. government entities related to its sourcing of Chinese laminate flooring. Wedbush's Seth Basham maintains a Neutral rating on Lumber Liquidators with an unchanged $12 price target. Lumber Liquidators may be left with some small claims to resolve in the future, but Basham said Tuesday's settlement marks the last major legal overhang.
Lumber Liquidators Holdings Inc. has agreed to pay $33 million in fines after federal regulators and prosecutors accused the company of misleading investors about selling laminate flooring that contained excessive amounts of formaldehyde. Authorities opened probes into the hardwood-flooring firm after “60 Minutes” reported in 2015 the company sold laminate flooring containing levels of formaldehyde, a carcinogen, exceeding regulatory standards. Prosecutors allege that Lumber Liquidators knew that its largest Chinese supplier had failed third-party formaldehyde emissions testing.
Lumber Liquidators Holdings Inc (NYSE: LL ) confirmed Tuesday it will pay a $33 million penalty in exchange for reaching a resolution with multiple government authorities. What Happened Lumber Liquidators ...
Lumber Liquidators is paying $33 million to settle fraud charges by federal authorities who accused the company of falsely saying its Chinese-made laminate flooring met formaldehyde emissions standards. The Toano, Virginia-based company is one of the biggest retailers of flooring products in the U.S. Its settlements of criminal and civil fraud charges, related to statements it made in 2015, were announced Tuesday by the Justice Department and the Securities and Exchange Commission. Under an agreement, the Justice Department will defer prosecution of Lumber Liquidators and dismiss the charges after three years on condition the company takes remedial actions.
The settlements announced by the U.S. Department of Justice and U.S. Securities and Exchange Commission on Tuesday came four years after Lumber Liquidators was alleged to be selling products with illegally high levels of formaldehyde, a known carcinogen. The Justice Department settlement includes a deferred prosecution agreement, under which the government agreed not to prosecute Lumber Liquidators for securities fraud so long as the company upgrades oversight and cooperates with its ongoing probe for three years. The hardwood flooring retailer knew that products made by its largest Chinese supplier had failed third-party formaldehyde emissions testing, but the company had misled investors, regulators said.
agreed to pay $33 million to settle cases with the Securities and Exchange Commission and federal prosecutors for making "fraudulent misstatements to investors" regarding the company's sale of its laminate flooring from China to its U.S. customers, officials said Tuesday. The SEC said that in early 2015, the Toano, Virginia-based company made public statements in response to a "60 Minutes" episode that showed undercover video of Lumber Liquidators' suppliers stating that they provided the company with products that did not comply with regulatory requirements. In its response, the SEC said, Lumber Liquidators fraudulently informed investors that third-party test results of its flooring products proved compliant with formaldehyde emissions standards and that it had discontinued sourcing materials from suppliers that were unable to meet these standards.