Foundation Building Materials (FBM) Earning Somewhat Positive Media Coverage, Analysis Finds

Media headlines about Foundation Building Materials (NYSE:FBM) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Foundation Building Materials earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.2666647554981 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:

A number of brokerages have recently commented on FBM. Barclays set a $19.00 price objective on Foundation Building Materials and gave the company a “buy” rating in a research report on Sunday, January 7th. Royal Bank of Canada reiterated a “buy” rating and issued a $15.00 target price on shares of Foundation Building Materials in a report on Tuesday, October 10th. Citigroup lifted their target price on Foundation Building Materials from $17.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Zacks Investment Research upgraded Foundation Building Materials from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 13th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $15.00 target price on shares of Foundation Building Materials in a report on Monday, October 9th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $18.43.

Foundation Building Materials (NYSE:FBM) opened at $14.22 on Tuesday. Foundation Building Materials has a fifty-two week low of $11.03 and a fifty-two week high of $17.91. The firm has a market capitalization of $621.55 and a price-to-earnings ratio of -118.50. The company has a debt-to-equity ratio of 2.02, a current ratio of 2.63 and a quick ratio of 1.82.

Foundation Building Materials (NYSE:FBM) last issued its earnings results on Tuesday, November 7th. The company reported $0.08 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.08. Foundation Building Materials had a negative return on equity of 2.98% and a negative net margin of 0.11%. The firm had revenue of $535.40 million for the quarter, compared to analysts’ expectations of $535.81 million. The business’s revenue was up 28.8% compared to the same quarter last year. equities analysts forecast that Foundation Building Materials will post 0.16 EPS for the current fiscal year.

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Foundation Building Materials Company Profile

Foundation Building Materials, Inc is a specialty distributor of wallboard and suspended ceiling systems in the United States and Canada. The Company’s segments include Specialty Building Products and Mechanical Insulation. The Company fabricates and distributes its products for specialty contractors seeking to improve or maintain energy efficiency in a range of commercial and industrial buildings.

Insider Buying and Selling by Quarter for Foundation Building Materials (NYSE:FBM)

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