Equities analysts expect TopBuild Corp (NYSE:BLD) to report $493.53 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for TopBuild’s earnings. The lowest sales estimate is $486.20 million and the highest is $505.00 million. TopBuild reported sales of $444.14 million during the same quarter last year, which would suggest a positive year over year growth rate of 11.1%. The company is expected to report its next earnings report before the market opens on Tuesday, February 27th.
According to Zacks, analysts expect that TopBuild will report full-year sales of $493.53 million for the current year, with estimates ranging from $1.89 billion to $1.91 billion. For the next fiscal year, analysts forecast that the business will report sales of $2.09 billion per share, with estimates ranging from $2.06 billion to $2.11 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover TopBuild.
A number of analysts have recently issued reports on the company. Zacks Investment Research cut TopBuild from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. KeyCorp reaffirmed an “overweight” rating on shares of TopBuild in a research report on Friday, November 10th. Nomura raised TopBuild from a “neutral” rating to a “buy” rating and raised their price objective for the company from $69.00 to $78.00 in a research report on Monday, December 18th. ValuEngine cut TopBuild from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Jefferies Group assumed coverage on TopBuild in a research report on Tuesday, December 12th. They issued a “buy” rating and a $79.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. TopBuild currently has a consensus rating of “Buy” and a consensus target price of $68.43.
Shares of TopBuild (BLD) traded down $0.02 during midday trading on Monday, reaching $72.48. The company had a trading volume of 121,582 shares, compared to its average volume of 234,752. TopBuild has a 1 year low of $37.89 and a 1 year high of $78.64. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $2,552.11, a PE ratio of 35.63 and a beta of 0.51.
Several institutional investors and hedge funds have recently added to or reduced their stakes in BLD. Delpha Capital Management LLC bought a new position in shares of TopBuild during the fourth quarter worth approximately $144,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of TopBuild by 53.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,052 shares of the construction company’s stock worth $155,000 after purchasing an additional 719 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of TopBuild by 148.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,113 shares of the construction company’s stock worth $161,000 after purchasing an additional 1,261 shares during the period. Meeder Asset Management Inc. increased its stake in shares of TopBuild by 99.6% during the fourth quarter. Meeder Asset Management Inc. now owns 2,309 shares of the construction company’s stock worth $176,000 after purchasing an additional 1,152 shares during the period. Finally, Everence Capital Management Inc. bought a new position in shares of TopBuild during the fourth quarter worth approximately $205,000. 92.42% of the stock is owned by institutional investors.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece of content on another website, it was copied illegally and reposted in violation of US and international trademark and copyright legislation. The original version of this piece of content can be read at https://www.dispatchtribunal.com/2018/02/22/brokerages-expect-topbuild-corp-bld-will-post-quarterly-sales-of-493-53-million.html.
TopBuild Corp. installs and distributes insulation products to the United States construction industry. The Company operates through two segments: Installation (TruTeam) and Distribution (Service Partners). Its Installation segment principally includes the sales and installation of insulation and other building products.
Get a free copy of the Zacks research report on TopBuild (BLD)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for TopBuild Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TopBuild and related companies with MarketBeat.com's FREE daily email newsletter.