Wall Street analysts predict that Finish Line Inc (NASDAQ:FINL) will report $575.11 million in sales for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Finish Line’s earnings, with estimates ranging from $542.40 million to $598.28 million. Finish Line reported sales of $557.45 million during the same quarter last year, which indicates a positive year-over-year growth rate of 3.2%. The company is expected to issue its next earnings report on Friday, March 23rd.
According to Zacks, analysts expect that Finish Line will report full-year sales of $575.11 million for the current year, with estimates ranging from $1.82 billion to $1.88 billion. For the next financial year, analysts expect that the firm will report sales of $1.83 billion per share, with estimates ranging from $1.79 billion to $1.87 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Finish Line.
Finish Line (NASDAQ:FINL) last announced its earnings results on Thursday, December 21st. The specialty retailer reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.36) by $0.10. Finish Line had a negative net margin of 0.62% and a positive return on equity of 5.43%. The business had revenue of $378.50 million during the quarter, compared to analyst estimates of $361.46 million. During the same period in the previous year, the business posted ($0.24) earnings per share. Finish Line’s revenue for the quarter was up 1.8% on a year-over-year basis.
FINL has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Finish Line from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. BidaskClub upgraded shares of Finish Line from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. B. Riley lifted their price target on shares of Finish Line from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Thursday, December 28th. Buckingham Research set a $7.00 price target on shares of Finish Line and gave the stock a “sell” rating in a research note on Monday, December 25th. Finally, Credit Suisse Group initiated coverage on shares of Finish Line in a research note on Monday, March 12th. They set an “underperform” rating and a $9.00 price target on the stock. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $10.60.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. MetLife Investment Advisors LLC purchased a new position in shares of Finish Line in the fourth quarter worth $292,000. Millennium Management LLC increased its stake in shares of Finish Line by 147.9% in the fourth quarter. Millennium Management LLC now owns 185,914 shares of the specialty retailer’s stock worth $2,701,000 after buying an additional 110,914 shares during the period. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Finish Line in the fourth quarter worth $2,124,000. Paloma Partners Management Co purchased a new position in shares of Finish Line in the fourth quarter worth $350,000. Finally, HBK Investments L P purchased a new position in shares of Finish Line in the fourth quarter worth $1,081,000. 88.62% of the stock is currently owned by institutional investors.
Shares of Finish Line stock traded down $0.02 during trading on Friday, reaching $10.51. 234,107 shares of the company’s stock traded hands, compared to its average volume of 1,330,776. Finish Line has a twelve month low of $6.90 and a twelve month high of $17.24. The company has a market capitalization of $424.63, a price-to-earnings ratio of 17.85, a PEG ratio of 1.42 and a beta of 1.16.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 19th. Investors of record on Friday, March 2nd will be paid a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 4.38%. This is an increase from Finish Line’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, March 1st. Finish Line’s payout ratio is presently -164.28%.
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About Finish Line
The Finish Line, Inc is a specialty retailer. The Company is a retailer of athletic shoes, apparel and accessories for men, women and kids, throughout the United States and Puerto Rico. The Company operates through the Finish Line brand. Finish Line is a retailer of athletic shoes, apparel and accessories.
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