TopBuild Corp. (BLD) Expected to Announce Earnings of $0.82 Per Share
Equities analysts expect TopBuild Corp. (NYSE:BLD) to report earnings per share of $0.82 for the current quarter, Zacks reports. Three analysts have provided estimates for TopBuild Corp.’s earnings, with the highest EPS estimate coming in at $0.84 and the lowest estimate coming in at $0.81. TopBuild Corp. posted earnings per share of $0.63 during the same quarter last year, which would suggest a positive year over year growth rate of 30.2%. The company is scheduled to issue its next quarterly earnings report before the market opens on Tuesday, November 7th.
On average, analysts expect that TopBuild Corp. will report full-year earnings of $2.75 per share for the current financial year, with EPS estimates ranging from $2.68 to $2.80. For the next year, analysts forecast that the firm will post earnings of $3.40 per share, with EPS estimates ranging from $3.29 to $3.58. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for TopBuild Corp..
TopBuild Corp. (NYSE:BLD) last released its earnings results on Tuesday, August 8th. The construction company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.09. The business had revenue of $474.50 million for the quarter, compared to analyst estimates of $477.72 million. TopBuild Corp. had a net margin of 3.73% and a return on equity of 9.09%. TopBuild Corp.’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 earnings per share.
BLD has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of TopBuild Corp. from a “hold” rating to a “strong-buy” rating and set a $67.00 target price on the stock in a report on Thursday, August 10th. SunTrust Banks, Inc. restated a “buy” rating and issued a $75.00 target price on shares of TopBuild Corp. in a report on Wednesday, October 4th. Finally, BidaskClub lowered shares of TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a report on Friday, August 25th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $58.00.
In other news, CEO Gerald Volas sold 44,356 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $56.81, for a total transaction of $2,519,864.36. Following the transaction, the chief executive officer now owns 149,201 shares in the company, valued at $8,476,108.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of BLD. BlackRock Inc. increased its position in shares of TopBuild Corp. by 35,157.0% during the first quarter. BlackRock Inc. now owns 5,520,188 shares of the construction company’s stock worth $259,449,000 after acquiring an additional 5,504,531 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of TopBuild Corp. during the second quarter worth about $17,832,000. Koch Industries Inc. bought a new stake in shares of TopBuild Corp. during the second quarter worth about $324,000. William Blair Investment Management LLC bought a new stake in shares of TopBuild Corp. during the second quarter worth about $16,207,000. Finally, Fiera Capital Corp bought a new stake in shares of TopBuild Corp. during the second quarter worth about $12,805,000. 91.77% of the stock is owned by institutional investors.
TopBuild Corp. (BLD) opened at $63.94 on Friday. The stock has a market cap of $2,368.40, a price-to-earnings ratio of 27.21 and a beta of 0.62. The company has a quick ratio of 1.25, a current ratio of 1.58 and a debt-to-equity ratio of 0.25. TopBuild Corp. has a fifty-two week low of $29.55 and a fifty-two week high of $67.27.
About TopBuild Corp.
TopBuild Corp. installs and distributes insulation products to the United States construction industry. The Company operates through two segments: Installation (TruTeam) and Distribution (Service Partners). Its Installation segment principally includes the sales and installation of insulation and other building products.
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