Brokerages expect NCI Building Systems Inc (NYSE:NCS) to report $403.75 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for NCI Building Systems’ earnings. The highest sales estimate is $409.00 million and the lowest is $398.49 million. NCI Building Systems reported sales of $391.70 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.1%. The company is expected to issue its next earnings results on Tuesday, March 6th.
On average, analysts expect that NCI Building Systems will report full year sales of $403.75 million for the current year. For the next fiscal year, analysts expect that the firm will post sales of $1.94 billion per share, with estimates ranging from $1.93 billion to $1.95 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover NCI Building Systems.
NCI Building Systems (NYSE:NCS) last released its quarterly earnings data on Wednesday, December 6th. The construction company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.10). The company had revenue of $488.73 million during the quarter, compared to the consensus estimate of $477.13 million. NCI Building Systems had a net margin of 3.08% and a return on equity of 18.76%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.28 EPS.
Shares of NCI Building Systems (NCS) opened at $18.90 on Friday. The company has a market capitalization of $1,277.77, a PE ratio of 24.55, a P/E/G ratio of 1.75 and a beta of 1.68. The company has a quick ratio of 1.06, a current ratio of 1.69 and a debt-to-equity ratio of 1.27. NCI Building Systems has a fifty-two week low of $13.05 and a fifty-two week high of $21.20.
NCI Building Systems announced that its Board of Directors has initiated a stock repurchase program on Tuesday, October 10th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows 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 of directors believes its shares are undervalued.
In other NCI Building Systems news, major shareholder Dubilier & Rice Fund V. Clayton sold 7,150,000 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $19.36, for a total value of $138,424,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Bradley Scott Little sold 2,750 shares of the stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $19.48, for a total value of $53,570.00. Following the completion of the sale, the vice president now owns 28,663 shares of the company’s stock, valued at $558,355.24. The disclosure for this sale can be found here. Insiders sold 7,296,115 shares of company stock valued at $141,263,459 over the last 90 days. Corporate insiders own 1.78% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. New York State Common Retirement Fund increased its holdings in shares of NCI Building Systems by 25.3% in the second quarter. New York State Common Retirement Fund now owns 56,430 shares of the construction company’s stock worth $942,000 after acquiring an additional 11,399 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of NCI Building Systems in the second quarter worth about $878,000. Elk Creek Partners LLC bought a new stake in shares of NCI Building Systems in the second quarter worth about $7,070,000. SeaBridge Investment Advisors LLC increased its holdings in shares of NCI Building Systems by 43.5% in the third quarter. SeaBridge Investment Advisors LLC now owns 274,692 shares of the construction company’s stock worth $4,285,000 after acquiring an additional 83,262 shares in the last quarter. Finally, California State Teachers Retirement System boosted its position in shares of NCI Building Systems by 32.1% during the second quarter. California State Teachers Retirement System now owns 70,821 shares of the construction company’s stock worth $1,183,000 after buying an additional 17,200 shares during the period. Institutional investors own 96.22% of the company’s stock.
About NCI Building Systems
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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