B. Riley & Co. Released “Buy” Rating on FTD Companies Inc (FTD)

FTD Companies Inc (FTD) was Reiterated by B. Riley & Co. to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 21 from a previous price target of $20 . B. Riley & Co. advised their Clients and Investors in a research report released on Mar 15, 2017.

Based on several research reports , Company shares were Reiterated by B. Riley & Co. on Mar 15, 2017 to “Buy”, Firm has raised the Price Target to $ 21 from a previous price target of $20 .FTD Companies Inc was Downgraded by Sidoti to ” Neutral” on Mar 15, 2017.

Several company insiders have filed Insider transactions , on Nov 12, 2015, Robert S Apatoff (CEO) purchased 3,100 shares at $23.91 per share price. According to the SEC, on Nov 10, 2015, Michael J. Silverstein (director) purchased 1,000 shares at $25.19 per share price. On Oct 19, 2015, James T Armstrong (director) sold 333 shares at $28.76 per share price, according to the Form-4 filing with the securities and exchange commission.

On the company’s financial health, FTD Companies Inc reported $0.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.43 according to the earnings call on Mar 14, 2017. Analyst had a consensus of $0.06. The company had revenue of $280.70 million for the quarter, compared to analysts expectations of $281.35 million. The company’s revenue was down -5.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-2.90 EPS.

FTD Companies Inc closed down -5.54 points or -23.69% at $17.85 with 13,40,497 shares getting traded on Wednesday. Post opening the session at $20.41, the shares hit an intraday low of $17.76 and an intraday high of $21.5 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

FTD Companies Inc. (FTD) is a floral and gifting company. The Company operates through four segments: Consumer Florist International and Provide Commerce. Through its Consumer segment FTD markets floral and gift products for consumers primarily in the United States and Canada. Through its Florist segment the Company offers products and services to its floral network members which include traditional retail florists and other non-florist retail locations primarily in the United States and Canada. The Company’s International segment consists of Interflora Business Unit (Interflora) which operates primarily in the United Kingdom and the Republic of Ireland. Through its Provide Commerce segment FTD markets floral and gift products including gourmet foods personalized gifts and other gifting products for consumers primarily in the United States. The Company operates primarily in the United States Canada the United Kingdom and the Republic of Ireland.

FTD Companies Inc

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