News coverage about Foundation Building Materials (NYSE:FBM) has trended somewhat negative this week, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Foundation Building Materials earned a media sentiment score of -0.01 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.343073917607 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of NYSE:FBM traded down $0.04 during midday trading on Tuesday, reaching $14.55. 10,707 shares of the company traded hands, compared to its average volume of 121,146. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.50 and a current ratio of 2.26. Foundation Building Materials has a 12 month low of $11.03 and a 12 month high of $17.00. The firm has a market cap of $616.41, a price-to-earnings ratio of 48.73 and a beta of 0.27.
Foundation Building Materials (NYSE:FBM) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.17. Foundation Building Materials had a return on equity of 2.44% and a net margin of 4.00%. The company had revenue of $516.77 million for the quarter, compared to analyst estimates of $513.28 million. During the same period in the previous year, the company posted ($0.09) EPS. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. equities analysts predict that Foundation Building Materials will post 0.55 EPS for the current fiscal year.
A number of research analysts have recently commented on FBM shares. Citigroup upped their price target on Foundation Building Materials from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Barclays set a $19.00 price target on Foundation Building Materials and gave the company a “buy” rating in a research report on Sunday, January 7th. Zacks Investment Research raised Foundation Building Materials from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Thursday, March 8th. Deutsche Bank decreased their price objective on Foundation Building Materials from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Monday, April 9th. Finally, Raymond James Financial upgraded Foundation Building Materials from an “outperform” rating to a “strong-buy” rating and set a $20.00 price objective on the stock in a research note on Thursday, February 8th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. Foundation Building Materials currently has a consensus rating of “Buy” and a consensus target price of $17.71.
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About Foundation Building Materials
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.
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