Finish Line's stock plunges after profit falls well short of expectations

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Finish Line's stock plunges after profit falls well short of expectations

The company reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.70 by $0.20. The firm earned $557.50 million during the quarter, compared to analyst estimates of $544.88 million. During the same period past year, the company earned ($0.49) EPS. For the full year, Finish Line repurchased 2.5 million shares totaling $52.8 million. The ex-dividend date was Wednesday, February 22nd. This represents a $0.44 annualized dividend and a dividend yield of 2.86%.

Institutional investors now hold around $790 million or 0% in FINL stock.

Finish Line's outlook for the current year signals that the weakness is likely to continue. The company has made a net loss of $9.47 million, or $ 0.23 a share in the quarter, against a net profit of $4.04 million, or $0.09 a share in the previous year period. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Finish Line, Inc. with's FREE daily email newsletter. Finish Line now has a consensus rating of Hold and an average target price of $21.05. The company has market cap of $730.83 million. Here, 1 indicates a Strong Buy and 5 indicates a Strong Sell. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Brean Capital lowered Finish Line from a buy rating to a hold rating in a report on Monday, December 12th. This is a positive change from Finish Line's previous quarterly dividend of $0.10. FINL's profit will be $27.29 million for 5.74 P/E if the $0.71 EPS becomes a reality. (FINL) swung to a net loss for the quarter ended February 25, 2017.

Taking a look into the performance of FINL stock, investor will come to know that the weekly performance for this stock is valued at -6.66%, resulting in a performance for the month at -10.92%. Employees Retirement Association Of Colorado reported 0% in Finish Line Inc (NASDAQ:FINL). Tracking most recent quarter period, Price to book (P/B) ration is at 1.34 and Price to cash per share ration is at 18.77. Shares of the Company are trading below their 50-day moving average by -20.78%. The company also has 781.64 million in total assets, balanced by 315.97 million in total liabilities, which should give you a sense of the viability of the company under any number of imagined business contexts. A month ago, they told us to expect earnings of US$0.26 per share while three months ago their EPS consensus estimate was US$0.29. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of US & global trademark & copyright legislation. We have $17.12 PT which if reached, will make NASDAQ:FINL worth $31.33M more. Finish Line is a retailer of athletic shoes, apparel and accessories.

The Finish Line, Inc. together with its wholly owned subsidiary Spikes Holding, one of the largest mall based specialty retailers of brand name athletic, outdoor and casual footwear, activewear and accessories in the United States.

Finish Line director and CEO Sam Sato said significant pressure on product margins were responsible for the firm's weak Q4 bottom line, while a decision by the Internal Revenue Service to delay income tax returns hurt comps.

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