$0.32 EPS Expected for NCI Building Systems, Inc. (NCS) This Quarter
Equities analysts expect that NCI Building Systems, Inc. (NYSE:NCS) will announce $0.32 earnings per share for the current quarter, according to Zacks. Two analysts have issued estimates for NCI Building Systems’ earnings. NCI Building Systems posted earnings of $0.28 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 14.3%. The firm is scheduled to issue its next quarterly earnings results on Thursday, December 14th.
According to Zacks, analysts expect that NCI Building Systems will report full-year earnings of $0.80 per share for the current year, with EPS estimates ranging from $0.80 to $0.81. For the next year, analysts expect that the company will report earnings of $1.05 per share, with EPS estimates ranging from $1.02 to $1.10. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover NCI Building Systems.
NCI Building Systems (NYSE:NCS) last released its earnings results on Wednesday, September 6th. The construction company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.05). NCI Building Systems had a return on equity of 18.31% and a net margin of 3.18%. The business had revenue of $469.40 million for the quarter, compared to the consensus estimate of $495.21 million. During the same quarter in the previous year, the company earned $0.33 earnings per share. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis.
Several research analysts recently issued reports on NCS shares. Barclays PLC reiterated a “buy” rating and issued a $16.00 target price (down from $19.00) on shares of NCI Building Systems in a research report on Friday, September 8th. Royal Bank Of Canada reiterated a “buy” rating and issued a $20.00 target price on shares of NCI Building Systems in a research report on Tuesday, July 18th. BidaskClub lowered shares of NCI Building Systems from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. Finally, Zacks Investment Research lowered shares of NCI Building Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $18.13.
In related news, Director James S. Metcalf bought 30,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was bought at an average cost of $13.42 per share, for a total transaction of $402,600.00. Following the completion of the transaction, the director now owns 30,000 shares of the company’s stock, valued at $402,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Norman C. Chambers sold 45,000 shares of the company’s stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $17.74, for a total transaction of $798,300.00. Following the completion of the transaction, the insider now owns 476,403 shares of the company’s stock, valued at $8,451,389.22. The disclosure for this sale can be found here. 1.78% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in NCS. Victory Capital Management Inc. grew its position in NCI Building Systems by 22.3% in the first quarter. Victory Capital Management Inc. now owns 6,594 shares of the construction company’s stock worth $113,000 after acquiring an additional 1,203 shares in the last quarter. Legal & General Group Plc lifted its stake in NCI Building Systems by 41.0% in the second quarter. Legal & General Group Plc now owns 8,802 shares of the construction company’s stock worth $147,000 after purchasing an additional 2,559 shares during the last quarter. Quantbot Technologies LP bought a new stake in NCI Building Systems in the second quarter worth $160,000. Eqis Capital Management Inc. bought a new stake in NCI Building Systems in the second quarter worth $186,000. Finally, Airain ltd bought a new stake in NCI Building Systems in the second quarter worth $202,000. Institutional investors own 93.45% of the company’s stock.
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NCI Building Systems (NCS) traded up 1.28% during midday trading on Wednesday, reaching $15.80. The company’s stock had a trading volume of 705,092 shares. The company has a market cap of $1.12 billion, a PE ratio of 20.05 and a beta of 1.55. NCI Building Systems has a 12 month low of $13.05 and a 12 month high of $18.60. The stock has a 50-day moving average price of $15.43 and a 200 day moving average price of $16.68.
NCI Building Systems declared that its Board of Directors has initiated a stock repurchase program on Tuesday, October 10th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the construction company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.
NCI Building Systems Company Profile
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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