Wedbush Weighs in on Finish Line Inc’s FY2018 Earnings (FINL)
Finish Line Inc (NASDAQ:FINL) – Stock analysts at Wedbush lifted their FY2018 EPS estimates for shares of Finish Line in a report issued on Thursday. Wedbush analyst C. Svezia now expects that the specialty retailer will post earnings of $0.67 per share for the year, up from their prior estimate of $0.55. Wedbush also issued estimates for Finish Line’s Q4 2018 earnings at $0.58 EPS and FY2019 earnings at $0.80 EPS.
FINL has been the subject of several other reports. Wells Fargo & Co reiterated a “market perform” rating and set a $12.00 price objective (up from $9.00) on shares of Finish Line in a report on Monday, September 25th. FBR & Co set a $10.00 price objective on Finish Line and gave the stock a “hold” rating in a report on Tuesday, October 17th. UBS Group upgraded Finish Line from a “neutral” rating to a “positive” rating in a report on Wednesday, September 13th. Deutsche Bank downgraded shares of Finish Line from a “hold” rating to a “sell” rating and lowered their target price for the stock from $15.00 to $5.00 in a research report on Tuesday, August 29th. Finally, Cowen reissued a “hold” rating and set a $13.00 target price on shares of Finish Line in a research report on Sunday, September 17th. Four equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has given a buy rating to the stock. Finish Line has an average rating of “Hold” and an average price target of $10.75.
Shares of Finish Line (FINL) traded up $0.34 during trading hours on Monday, hitting $13.54. The company had a trading volume of 2,956,900 shares, compared to its average volume of 1,819,832. Finish Line has a twelve month low of $6.90 and a twelve month high of $20.06. The stock has a market capitalization of $544.23, a price-to-earnings ratio of 52.08, a price-to-earnings-growth ratio of 1.89 and a beta of 1.39.
Finish Line (NASDAQ:FINL) last announced its quarterly earnings data on Thursday, December 21st. The specialty retailer reported ($0.26) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.36) by $0.10. Finish Line had a positive return on equity of 5.43% and a negative net margin of 0.62%. The business had revenue of $378.50 million during the quarter, compared to analyst estimates of $361.46 million. During the same period last year, the company earned ($0.24) earnings per share. Finish Line’s quarterly revenue was up 1.8% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Friday, November 24th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend was Wednesday, November 22nd. Finish Line’s dividend payout ratio is currently 169.23%.
Several large investors have recently modified their holdings of FINL. SG Americas Securities LLC acquired a new stake in shares of Finish Line in the second quarter valued at about $102,000. Fernwood Investment Management LLC acquired a new stake in shares of Finish Line in the third quarter valued at about $120,000. FNY Managed Accounts LLC grew its position in shares of Finish Line by 5,100.0% in the third quarter. FNY Managed Accounts LLC now owns 10,000 shares of the specialty retailer’s stock valued at $120,000 after purchasing an additional 10,200 shares during the last quarter. Eqis Capital Management Inc. acquired a new stake in shares of Finish Line in the third quarter valued at about $124,000. Finally, Public Employees Retirement System of Ohio grew its position in shares of Finish Line by 15.9% in the second quarter. Public Employees Retirement System of Ohio now owns 10,969 shares of the specialty retailer’s stock valued at $155,000 after purchasing an additional 1,504 shares during the last quarter. 99.96% of the stock is currently owned by institutional investors.
Finish Line Company Profile
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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