Finish Line Q2 Sales & Profit Fall Short

Employee Vanessa Suriel foreground assists customer Matthew Kaiser as he purchases new shoes at a Finish Line store in Cambridge Massachusetts

Employee Vanessa Suriel foreground assists customer Matthew Kaiser as he purchases new shoes at a Finish Line store in Cambridge Massachusetts

The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of $0.23. For the current year the company's revenue estimates are $305.98 Million compared to low analyst estimates of $300.8 Million and high estimates of $309.7 Million according to the prediction of 10 analysts.

In other The Finish Line news, COO Melissa A. Greenwell sold 4,077 shares of the company's stock in a transaction on Saturday, July 29th. During the same period in the prior year, the company posted $0.23 earnings per share. The company now has a consensus rating of Hold and an average price target of $11.55.

Finish Line Inc. (FINL) has a market capitalization of 370.16 Million which suggests the company is a huge company further suggesting that the shares of Finish Line Inc. Pub Sector Pension Inv Board has 0% invested in Finish Line Inc (NASDAQ:FINL). The company's 50 day moving average is $11.03 and its 200-day moving average is $13.72.

Net income in the quarter tumbled 87.3% to $2.8 million or 7 cents per diluted share from $22.1 million or 53 cents in the same quarter previous year.

The publishing company also estimated print and advertising revenues in the third quarter ending September to improve from 17% decline in the second-quarter after magazine circulation revenue dropped 12%. Jefferies reiterated a "buy" recommendation and fixed a $19.00 target price on stock of Finish Line in a note on Fri, Jun 9th. The legal version of this piece can be accessed at https://www.truebluetribune.com/2017/09/22/the-finish-line-inc-finl-releases-quarterly-earnings-results-beats-expectations-by-0-01-eps.html. SELL rating has been given by 0 analyst (s) and 4 analyst (s) given BUY rating to the stock. The current share price indicates that stock is -62.37% away from its one year high and is moving 33.62% ahead of its 52-week low.

Several equities research analysts have recently issued reports on FINL shares. So while it's no surprise that Finish Line stock enjoyed a modest rebound today, I fear it has plenty of room to fall going forward. Shareholders of record on Friday, August 25th were paid a dividend of $0.11 per share. Finally, State of Tennessee Treasury Department raised its holdings in The Finish Line by 17.8% during the 1st quarter. Finally, QS Investors LLC grew its position in shares of The Finish Line by 0.5% during the 2nd quarter. BidaskClub upgraded The Finish Line from a "strong sell" rating to a "sell" rating in a report on Friday, August 4th. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and worldwide copyright and trademark law.

Looking at insider trading can give great insight into how The Finish Line, Inc. Stock" published on August 24, 2017 as well as Indystar.com's news article titled: "Nike's "innovation lull" is "crippling" Finish Line, analyst says" with publication date: "August 30, 2017. This represents a $0.44 dividend on an annualized basis and a yield of 4.67%. The Finish Line's dividend payout ratio is -89.80%. The Company is a retailer of athletic shoes, apparel and accessories for men, women and kids, throughout the United States and Puerto Rico.

Examining Institutional Ownership at The Finish Line, Inc.

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