Analysts forecast that NCI Building Systems Inc (NYSE:NCS) will announce earnings per share (EPS) of $0.48 for the current quarter, according to Zacks. Two analysts have issued estimates for NCI Building Systems’ earnings, with the lowest EPS estimate coming in at $0.46 and the highest estimate coming in at $0.50. NCI Building Systems reported earnings of $0.27 per share during the same quarter last year, which would indicate a positive year over year growth rate of 77.8%. The business is expected to announce its next quarterly earnings results on Wednesday, September 5th.
According to Zacks, analysts expect that NCI Building Systems will report full year earnings of $1.37 per share for the current financial year, with EPS estimates ranging from $1.29 to $1.45. For the next financial year, analysts expect that the company will report earnings of $1.73 per share, with EPS estimates ranging from $1.60 to $1.85. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for NCI Building Systems.
NCI Building Systems (NYSE:NCS) last announced its quarterly earnings results on Tuesday, June 5th. The construction company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.07. The company had revenue of $457.10 million during the quarter, compared to analysts’ expectations of $438.61 million. NCI Building Systems had a return on equity of 23.45% and a net margin of 1.92%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.16 earnings per share.
Several equities research analysts recently issued reports on NCS shares. DA Davidson lifted their price objective on NCI Building Systems from $18.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, June 7th. ValuEngine raised NCI Building Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, April 18th. Citigroup lifted their price objective on NCI Building Systems from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, June 7th. Barclays reissued an “overweight” rating on shares of NCI Building Systems in a research note on Thursday, March 8th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $20.00 price objective on shares of NCI Building Systems in a research note on Thursday, March 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. NCI Building Systems currently has an average rating of “Hold” and a consensus target price of $21.33.
In other NCI Building Systems news, Director Kathleen J. Affeldt sold 21,788 shares of NCI Building Systems stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $18.00, for a total transaction of $392,184.00. Following the completion of the sale, the director now owns 48,316 shares of the company’s stock, valued at $869,688. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Mark E. Johnson sold 82,100 shares of NCI Building Systems stock in a transaction dated Friday, June 8th. The stock was sold at an average price of $22.89, for a total value of $1,879,269.00. Following the sale, the chief financial officer now directly owns 160,918 shares of the company’s stock, valued at approximately $3,683,413.02. The disclosure for this sale can be found here. Insiders have sold 112,004 shares of company stock valued at $2,441,697 in the last three months. 1.54% of the stock is owned by corporate insiders.
Hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. bought a new stake in NCI Building Systems during the first quarter worth about $178,000. Teacher Retirement System of Texas bought a new stake in NCI Building Systems during the fourth quarter worth about $282,000. Element Capital Management LLC bought a new stake in NCI Building Systems during the first quarter worth about $269,000. BlueCrest Capital Management Ltd bought a new stake in NCI Building Systems during the fourth quarter worth about $338,000. Finally, MetLife Investment Advisors LLC bought a new stake in NCI Building Systems during the fourth quarter worth about $378,000. 93.35% of the stock is owned by hedge funds and other institutional investors.
NYSE:NCS traded up $0.10 during trading hours on Wednesday, hitting $21.95. 438,200 shares of the company’s stock traded hands, compared to its average volume of 500,360. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 27.09, a P/E/G ratio of 1.60 and a beta of 1.52. NCI Building Systems has a 52 week low of $13.05 and a 52 week high of $23.35. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.87 and a current ratio of 1.58.
NCI Building Systems announced that its board has initiated a stock buyback plan on Wednesday, March 7th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the construction company to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.
NCI Building Systems Company Profile
NCI Building Systems, Inc, together with its subsidiaries, designs, engineers, manufactures, and markets metal products for the nonresidential construction industry in North America. It operates through three segments: Engineered Building Systems, Metal Components, and Metal Coil Coating. The Engineered Building Systems segment offers engineered structural members and panels; and self-storage building systems under the Metallic, Mid-West Steel, A & S, All American, Mesco, Star, Ceco, Robertson, Garco, Heritage, and SteelBuilding.com brands to builders, general contractors, developers, and end users directly, as well as through private label companies.
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