NCI Building Systems, Inc. (NCS) Expected to Announce Earnings of $0.32 Per Share
Brokerages predict that NCI Building Systems, Inc. (NYSE:NCS) will announce 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 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 business 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 financial year, with EPS estimates ranging from $0.80 to $0.81. For the next year, analysts expect that the firm will report earnings of $1.05 per share, with EPS estimates ranging from $1.02 to $1.10. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for NCI Building Systems.
NCI Building Systems (NYSE:NCS) last issued its quarterly earnings data on Wednesday, September 6th. The construction company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $469.40 million for the quarter, compared to the consensus estimate of $495.21 million. During the same period in the previous year, the firm earned $0.33 earnings per share. The company’s revenue was up 1.5% compared to the same quarter last year.
NCS has been the subject of a number of recent research reports. Barclays PLC reiterated a “buy” rating and issued a $16.00 price objective (down previously from $19.00) on shares of NCI Building Systems in a report on Friday, September 8th. Royal Bank Of Canada reiterated a “buy” rating and issued a $20.00 price objective on shares of NCI Building Systems in a report on Tuesday, July 18th. BidaskClub downgraded shares of NCI Building Systems from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Finally, 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. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. NCI Building Systems presently has an average rating of “Hold” and an average price target of $17.33.
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In other news, EVP Todd R. Moore sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $13.75, for a total transaction of $82,500.00. Following the completion of the sale, the executive vice president now owns 82,458 shares in the company, valued at approximately $1,133,797.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James S. Metcalf purchased 30,000 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were purchased at an average price of $13.42 per share, with a total value of $402,600.00. Following the acquisition, the director now directly owns 30,000 shares in the company, valued at $402,600. The disclosure for this purchase can be found here. 1.78% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. increased its holdings in shares of NCI Building Systems by 22.3% during the 1st quarter. Victory Capital Management Inc. now owns 6,594 shares of the construction company’s stock worth $113,000 after buying an additional 1,203 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of NCI Building Systems by 41.0% during the 2nd quarter. Legal & General Group Plc now owns 8,802 shares of the construction company’s stock worth $147,000 after buying an additional 2,559 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of NCI Building Systems during the 2nd quarter worth approximately $160,000. First Quadrant L P CA acquired a new stake in shares of NCI Building Systems during the 3rd quarter worth approximately $161,000. Finally, Eqis Capital Management Inc. acquired a new stake in shares of NCI Building Systems during the 2nd quarter worth approximately $186,000. Institutional investors and hedge funds own 93.94% of the company’s stock.
Shares of NCI Building Systems (NCS) traded up 0.64% during midday trading on Monday, reaching $15.65. The company’s stock had a trading volume of 319,652 shares. The company has a 50 day moving average price of $15.23 and a 200-day moving average price of $16.59. NCI Building Systems has a 52 week low of $13.05 and a 52 week high of $18.60. The stock has a market capitalization of $1.11 billion, a PE ratio of 19.86 and a beta of 1.55.
NCI Building Systems announced that its board has approved a share buyback plan on Tuesday, October 10th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the construction company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management 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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