Monness Crespi Hardt Downgrades FTD Companies Inc to Neutral

Brokerage firm Monness Crespi Hardt Downgrades its rating on FTD Companies Inc(NASDAQ:FTD). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by Monness Crespi Hardt was issued on Aug 5, 2016.

In a different note, On Jul 14, 2016, Craig-Hallum said it Downgrades its rating on FTD Companies Inc. The shares have been rated ‘Hold’ by the firm.

FTD Companies Inc (FTD) shares turned negative on Wednesdays trading session with the shares closing down -0.32 points or -1.30% at a volume of 1,13,621. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $24.44. The peak price level was also seen at $24.44 while the days lowest was $23.92. Finally the shares closed at $24.22. The 52-week high of the shares is $31.99 while the 52-week low is $16.86. According to the latest information available, the market cap of the company is $663 M.

FTD Companies Inc(FTD) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $338.57M. Analysts had an estimated revenue of $353.15M. Earnings per share were $0.86. Analysts had estimated an EPS of $0.88.

Several Insider Transactions has been reported to the SEC. On Nov 12, 2015, Robert S Apatoff (CEO) purchased 3,100 shares at $23.91 per share price.Also, 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.

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.

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