Brokers Offer Predictions for TopBuild Corp.’s FY2017 Earnings (BLD)
TopBuild Corp. (NYSE:BLD) – Jefferies Group issued their FY2017 earnings per share (EPS) estimates for shares of TopBuild in a report released on Tuesday. Jefferies Group analyst P. Ng anticipates that the construction company will post earnings per share of $2.73 for the year. Jefferies Group has a “Buy” rating and a $79.00 price objective on the stock. Jefferies Group also issued estimates for TopBuild’s Q4 2017 earnings at $0.78 EPS, Q1 2018 earnings at $0.62 EPS, Q2 2018 earnings at $0.86 EPS, Q3 2018 earnings at $1.04 EPS, Q4 2018 earnings at $0.97 EPS, FY2018 earnings at $3.49 EPS and FY2019 earnings at $4.32 EPS.
TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, November 7th. The construction company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The company had revenue of $489.04 million during the quarter, compared to analysts’ expectations of $491.43 million. TopBuild had a return on equity of 9.88% and a net margin of 4.03%. TopBuild’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 earnings per share.
Shares of TopBuild (NYSE:BLD) opened at $65.28 on Thursday. The company has a market capitalization of $2,321.20, a price-to-earnings ratio of 25.58 and a beta of 0.61. The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.26. TopBuild has a 1 year low of $35.31 and a 1 year high of $69.34.
A number of large investors have recently added to or reduced their stakes in BLD. Strs Ohio bought a new stake in TopBuild during the second quarter valued at about $440,000. Great West Life Assurance Co. Can grew its holdings in TopBuild by 1.9% during the second quarter. Great West Life Assurance Co. Can now owns 53,893 shares of the construction company’s stock valued at $2,858,000 after purchasing an additional 981 shares during the period. Daiwa Securities Group Inc. bought a new stake in TopBuild during the second quarter valued at about $111,000. Schwab Charles Investment Management Inc. grew its holdings in TopBuild by 11.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 179,146 shares of the construction company’s stock valued at $9,508,000 after purchasing an additional 19,007 shares during the period. Finally, First Mercantile Trust Co. bought a new stake in TopBuild during the second quarter valued at about $213,000. 94.93% of the stock is owned by institutional investors and hedge funds.
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TopBuild Company Profile
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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