Zacks: Brokerages Expect Finish Line Inc (FINL) Will Announce Earnings of $0.57 Per Share

Analysts expect Finish Line Inc (NASDAQ:FINL) to announce earnings of $0.57 per share for the current quarter, Zacks reports. Six analysts have provided estimates for Finish Line’s earnings, with the lowest EPS estimate coming in at $0.52 and the highest estimate coming in at $0.61. Finish Line posted earnings of $0.50 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 14%. The business is scheduled to report its next earnings results on Friday, March 23rd.

According to Zacks, analysts expect that Finish Line will report full year earnings of $0.64 per share for the current financial year, with EPS estimates ranging from $0.50 to $0.71. For the next financial year, analysts forecast that the firm will report earnings of $0.71 per share, with EPS estimates ranging from $0.30 to $0.84. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Finish Line.

Finish Line (NASDAQ:FINL) last announced its earnings results on Thursday, December 21st. The specialty retailer reported ($0.26) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.10. The business had revenue of $378.50 million during the quarter, compared to analyst estimates of $361.46 million. Finish Line had a negative net margin of 0.62% and a positive return on equity of 5.43%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.24) EPS.

A number of equities research analysts have weighed in on the stock. BidaskClub lowered shares of Finish Line from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. Zacks Investment Research upgraded shares of Finish Line from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Thursday, December 28th. B. Riley upped their price objective on 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 objective on Finish Line and gave the stock a “sell” rating in a research note on Monday, December 25th. Finally, Cowen upgraded Finish Line from an “underperform” rating to a “hold” rating and set a $12.00 price objective for the company in a research note on Thursday, December 21st. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $11.29.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Teachers Advisors LLC lifted its holdings in shares of Finish Line by 1.8% in the 2nd quarter. Teachers Advisors LLC now owns 74,464 shares of the specialty retailer’s stock valued at $1,055,000 after acquiring an additional 1,313 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Finish Line by 20.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 255,915 shares of the specialty retailer’s stock valued at $3,626,000 after acquiring an additional 42,881 shares during the last quarter. Nationwide Fund Advisors lifted its holdings in shares of Finish Line by 179.5% in the 2nd quarter. Nationwide Fund Advisors now owns 80,726 shares of the specialty retailer’s stock valued at $1,144,000 after acquiring an additional 51,841 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Finish Line by 3.6% in the 2nd quarter. California Public Employees Retirement System now owns 217,659 shares of the specialty retailer’s stock valued at $3,084,000 after acquiring an additional 7,600 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of Finish Line by 8.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 256,314 shares of the specialty retailer’s stock valued at $3,632,000 after acquiring an additional 19,218 shares during the last quarter. 97.98% of the stock is owned by institutional investors and hedge funds.

Shares of Finish Line (FINL) traded up $0.26 on Friday, reaching $10.65. 1,214,700 shares of the company’s stock were exchanged, compared to its average volume of 1,402,629. The stock has a market cap of $429.47, a price-to-earnings ratio of -38.03, a PEG ratio of 1.56 and a beta of 1.15. Finish Line has a 1-year low of $6.90 and a 1-year high of $18.30.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Shareholders of record on Friday, March 2nd will be issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 4.32%. The ex-dividend date is Thursday, March 1st. This is an increase from Finish Line’s previous quarterly dividend of $0.11. Finish Line’s dividend payout ratio is -157.14%.

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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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Earnings History and Estimates for Finish Line (NASDAQ:FINL)

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