Finish Line shares sink on underwhelming earnings, as same-store sales wane

FINL Price data by YCharts

Adjusted profits, at 12 cents per diluted share, missed analysts' bets for adjusted diluted earnings per share of 14 cents. Earnings surprises can have a huge impact on a company's stock price.

Shares of The Finish Line (FINL) opened at 9.43 on Friday. Finally, State of Tennessee Treasury Department raised its holdings in The Finish Line by 17.8% during the 1st quarter.

Since the beginning of the calendar year, the stock is -40.91%.

Several equities research analysts have weighed in on the company.

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Among 24 analysts covering Finish Line (NASDAQ:FINL), 5 have Buy rating, 4 Sell and 15 Hold.

The Stock had a 2.64 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 2.57 and 2.6 respectively. The total amount of shares outstanding is 39.04 million, giving the company a market capitalization of about 359.95 million. Following the completion of the sale, the chief operating officer now owns 11,862 shares of the company's stock, valued at $269,386.02. Canaccord Genuity reiterated a "hold" recommendation and fixed a $14.00 target price on stock of Finish Line in a note on Fri, May 26th. The company has a consensus rating of Hold and an average price target of $11.55.

The athletic shoe and apparel retailer reported net income of $2.8 million, or 7 cents per share in the latest quarter, well below $22.1 million, or 53 cents per share in the year-earlier quarter.

Finish Line (NASDAQ FINL) declined 2.941% throughout intraday market trading on early Friday, reaching $10.065. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence). The company had revenue of $429.80 million during the quarter, compared to the consensus estimate of $433.97 million.

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David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now. and The Finish Line wasn't one of them!

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%.

ILLEGAL ACTIVITY WARNING: This news story was posted by StockNewsTimes and is the property of of StockNewsTimes. Investors of record on Friday, August 25th were given a $0.11 dividend. 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. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.44 annualized dividend and a dividend yield of 4.77%. Finish Line has $33 highest and $5.0 lowest target. The Finish Line's dividend payout ratio (DPR) is presently -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.

Looking at insider trading can give great insight into how The Finish Line, Inc.

Dow, S&P 500 take aim at fresh records to start the week
Hong Kong's Hang Seng fell almost 0.4 per cent to 28,051.41, while the Shanghai Composite dipped 0.2 per cent to 3,356.84. The report said export prices also rose by 0.6 percent in August following a 0.5 percent increase in the previous month.

More notable recent Finish Line Inc (NASDAQ:FINL) news were published by: Benzinga.com which released: "Finish Line Downgraded Ahead Of Earnings" on September 18, 2017, also Nasdaq.com with their article: "The Finish Line, Inc". The Company operates through the Finish Line brand.

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