Zacks: Brokerages Expect NCI Building Systems, Inc. (NCS) Will Post Earnings of $0.32 Per Share
Analysts expect NCI Building Systems, Inc. (NYSE:NCS) to post earnings per share (EPS) of $0.32 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for NCI Building Systems’ earnings. NCI Building Systems reported earnings per share of $0.28 during the same quarter last year, which would suggest a positive year-over-year growth rate of 14.3%. The firm is scheduled to report its next earnings report on Thursday, December 14th.
On average, analysts expect that NCI Building Systems will report full year earnings of $0.80 per share for the current year. For the next financial year, analysts expect that the firm will post earnings of $1.07 per share, with EPS estimates ranging from $1.03 to $1.10. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that cover NCI Building Systems.
NCI Building Systems (NYSE:NCS) last posted its earnings results on Wednesday, September 6th. The construction company reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.05). The firm had revenue of $469.40 million for the quarter, compared to analysts’ expectations of $495.21 million. NCI Building Systems had a return on equity of 18.31% and a net margin of 3.18%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.33 earnings per share.
Several brokerages recently commented on NCS. Zacks Investment Research downgraded shares of NCI Building Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 8th. Royal Bank Of Canada reiterated a “buy” rating and set a $20.00 price target on shares of NCI Building Systems in a report on Tuesday, July 18th. TheStreet upgraded shares of NCI Building Systems from a “c” rating to a “b-” rating in a report on Tuesday, June 6th. BidaskClub downgraded shares of NCI Building Systems from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Finally, Barclays PLC reiterated a “buy” rating and set a $16.00 price target (down from $19.00) on shares of NCI Building Systems in a report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $18.30.
In other news, Director James S. Metcalf bought 30,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was bought at an average price of $13.42 per share, with a total value of $402,600.00. Following the completion of the transaction, the director now directly owns 30,000 shares of the company’s stock, valued at approximately $402,600. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Norman C. Chambers sold 45,000 shares of the stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $17.74, for a total transaction of $798,300.00. Following the sale, the insider now directly owns 476,403 shares of the company’s stock, valued at approximately $8,451,389.22. The disclosure for this sale can be found here. 1.78% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd acquired a new stake in shares of NCI Building Systems in the second quarter worth $1,086,000. Koch Industries Inc. acquired a new stake in NCI Building Systems during the second quarter valued at $218,000. Verition Fund Management LLC acquired a new stake in NCI Building Systems during the second quarter valued at $274,000. California State Teachers Retirement System grew its position in NCI Building Systems by 32.1% during the second quarter. California State Teachers Retirement System now owns 70,821 shares of the construction company’s stock valued at $1,183,000 after buying an additional 17,200 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in NCI Building Systems by 44.2% during the second quarter. The Manufacturers Life Insurance Company now owns 32,538 shares of the construction company’s stock valued at $544,000 after buying an additional 9,979 shares during the period. Institutional investors and hedge funds own 93.44% of the company’s stock.
Shares of NCI Building Systems (NCS) opened at 15.05 on Friday. The stock’s 50 day moving average is $16.27 and its 200-day moving average is $16.76. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 19.10 and a beta of 1.53. NCI Building Systems has a 12-month low of $13.05 and a 12-month high of $18.60.
About NCI Building Systems
NCI Building Systems, Inc is a manufacturer and marketer of metal products in North America. The Company’s operating segments include Engineered building systems, Metal components and Metal coil coating. The Engineered building systems segment is engaged in the manufacturing of main frames and long bay systems, and engineering and drafting.
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