Select Interior Concepts (NYSE:SIC) Expected to Post Quarterly Sales of $153.80 Million

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Analysts expect Select Interior Concepts (NYSE:SIC) to post $153.80 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Select Interior Concepts’ earnings, with estimates ranging from $152.70 million to $154.90 million. Select Interior Concepts reported sales of $124.86 million in the same quarter last year, which would suggest a positive year over year growth rate of 23.2%. The business is scheduled to report its next earnings results on Thursday, September 5th.

On average, analysts expect that Select Interior Concepts will report full year sales of $617.16 million for the current financial year, with estimates ranging from $608.20 million to $626.12 million. For the next financial year, analysts expect that the firm will report sales of $654.80 million, with estimates ranging from $645.00 million to $664.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Select Interior Concepts.

Select Interior Concepts (NYSE:SIC) last announced its quarterly earnings results on Friday, March 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.36). The company had revenue of $132.96 million for the quarter, compared to the consensus estimate of $135.60 million.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research cut shares of Select Interior Concepts from a “buy” rating to a “strong sell” rating in a research note on Thursday, May 16th. Seaport Global Securities assumed coverage on shares of Select Interior Concepts in a research note on Friday, June 7th. They issued a “buy” rating and a $15.00 price target on the stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. B. Riley Financial Inc. increased its stake in Select Interior Concepts by 18.5% in the 4th quarter. B. Riley Financial Inc. now owns 3,061,687 shares of the company’s stock valued at $23,024,000 after buying an additional 478,545 shares during the last quarter. BlackRock Inc. increased its stake in Select Interior Concepts by 106.9% in the 4th quarter. BlackRock Inc. now owns 46,263 shares of the company’s stock valued at $348,000 after buying an additional 23,899 shares during the last quarter. Millennium Management LLC acquired a new stake in Select Interior Concepts in the 4th quarter valued at $419,000. Deutsche Bank AG acquired a new stake in Select Interior Concepts in the 4th quarter valued at $4,265,000. Finally, Tibra Equities Europe Ltd acquired a new stake in Select Interior Concepts in the 1st quarter valued at $459,000.

Shares of Select Interior Concepts stock opened at $10.87 on Monday. Select Interior Concepts has a 1 year low of $5.94 and a 1 year high of $14.73.

About Select Interior Concepts

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