NCI Building Systems, Inc. (NCS) Expected to Announce Quarterly Sales of $486.97 Million
Analysts expect NCI Building Systems, Inc. (NYSE:NCS) to post sales of $486.97 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for NCI Building Systems’ earnings, with the highest sales estimate coming in at $487.93 million and the lowest estimate coming in at $486.00 million. NCI Building Systems posted sales of $480.31 million during the same quarter last year, which suggests a positive year over year growth rate of 1.4%. The company is expected to announce its next earnings results on Thursday, December 14th.
On average, analysts expect that NCI Building Systems will report full-year sales of $486.97 million for the current year. For the next fiscal year, analysts expect that the firm will post sales of $1.85 billion per share, with estimates ranging from $1.84 billion to $1.86 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow 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 (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.05). The business had revenue of $469.40 million for the quarter, compared to analyst estimates of $495.21 million. NCI Building Systems had a return on equity of 18.31% and a net margin of 3.18%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the company posted $0.33 EPS.
NCS has been the subject of several research reports. Zacks Investment Research lowered 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. BidaskClub lowered NCI Building Systems from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Finally, Barclays PLC restated a “buy” rating and issued a $16.00 target price (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, one has issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $18.67.
In related news, Director James S. Metcalf bought 30,000 shares of NCI Building Systems stock in a transaction that occurred on Monday, September 11th. The stock was purchased at an average cost of $13.42 per share, for a total transaction of $402,600.00. Following the acquisition, the director now owns 30,000 shares in the company, valued at $402,600. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Todd R. Moore sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $13.75, for a total value of $82,500.00. Following the completion of the sale, the executive vice president now owns 82,458 shares of the company’s stock, valued at $1,133,797.50. The disclosure for this sale can be found here. 1.78% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Royce & Associates LP increased its position in NCI Building Systems by 7.8% in the 2nd quarter. Royce & Associates LP now owns 1,448,241 shares of the construction company’s stock worth $24,186,000 after buying an additional 104,532 shares during the period. Prudential Financial Inc. increased its position in NCI Building Systems by 548.6% in the 1st quarter. Prudential Financial Inc. now owns 312,359 shares of the construction company’s stock worth $5,356,000 after buying an additional 264,200 shares during the period. Elk Creek Partners LLC bought a new position in NCI Building Systems in the 2nd quarter worth approximately $7,070,000. Russell Investments Group Ltd. bought a new position in NCI Building Systems in the 2nd quarter worth approximately $878,000. Finally, Monarch Partners Asset Management LLC increased its position in NCI Building Systems by 27.4% in the 2nd quarter. Monarch Partners Asset Management LLC now owns 204,520 shares of the construction company’s stock worth $3,415,000 after buying an additional 44,040 shares during the period. 93.45% of the stock is currently owned by institutional investors.
Shares of NCI Building Systems (NCS) opened at 15.75 on Friday. NCI Building Systems has a 52-week low of $13.05 and a 52-week high of $18.60. The company’s 50-day moving average is $15.38 and its 200-day moving average is $16.67. The firm has a market cap of $1.12 billion, a P/E ratio of 19.99 and a beta of 1.55.
NCI Building Systems announced that its board has authorized a stock buyback 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 often an indication 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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