Foundation Building Materials (NYSE:FBM) Updates FY 2019 Earnings Guidance

Foundation Building Materials (NYSE:FBM) updated its FY 2019 earnings guidance on Monday. The company provided earnings per share guidance of $0.80-1.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.89. The company issued revenue guidance of $2.1-2.25 billion, compared to the consensus revenue estimate of $2.22 billion.

Several analysts have commented on the stock. Zacks Investment Research cut shares of Foundation Building Materials from a buy rating to a hold rating in a research note on Monday, July 29th. TheStreet upgraded shares of Foundation Building Materials from a d+ rating to a c rating in a research note on Friday, April 26th. Finally, ValuEngine upgraded shares of Foundation Building Materials from a sell rating to a hold rating in a research note on Thursday, April 11th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $13.67.

Shares of NYSE FBM traded down $0.59 during mid-day trading on Monday, hitting $16.35. 147,601 shares of the company’s stock traded hands, compared to its average volume of 156,219. The business has a 50-day moving average of $16.95. The company has a debt-to-equity ratio of 1.86, a current ratio of 2.05 and a quick ratio of 1.40. The company has a market capitalization of $728.25 million, a P/E ratio of 46.71 and a beta of 1.48. Foundation Building Materials has a 1 year low of $7.62 and a 1 year high of $18.21.

Foundation Building Materials (NYSE:FBM) last announced its earnings results on Monday, May 6th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.05. The firm had revenue of $514.87 million for the quarter, compared to analysts’ expectations of $509.19 million. Foundation Building Materials had a negative net margin of 0.35% and a positive return on equity of 7.22%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.03) EPS. On average, equities analysts expect that Foundation Building Materials will post 0.8 EPS for the current fiscal year.

Foundation Building Materials Company Profile

Foundation Building Materials, Inc distributes building products in the United States and Canada. It offers wallboard, suspended ceiling system, and metal framing products. The company also provides complementary and other products, tools, and accessories, such as wallboard accessories, stucco and finishing systems, safety accessories, fasteners, insulations, doors, and roofing products.

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Earnings History and Estimates for Foundation Building Materials (NYSE:FBM)

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