Analysts expect TopBuild Corp (NYSE:BLD) to post $493.53 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for TopBuild’s earnings. The highest sales estimate is $505.00 million and the lowest is $486.20 million. TopBuild posted sales of $444.14 million during the same quarter last year, which suggests a positive year over year growth rate of 11.1%. The company is scheduled to report its next earnings results on Tuesday, February 27th.
On average, analysts expect that TopBuild will report full year sales of $493.53 million for the current financial year, with estimates ranging from $1.89 billion to $1.91 billion. For the next fiscal year, analysts anticipate that the business will post sales of $2.09 billion per share, with estimates ranging from $2.06 billion to $2.11 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow TopBuild.
TopBuild (NYSE:BLD) last released its earnings results on Tuesday, November 7th. The construction company reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.01. TopBuild had a return on equity of 9.88% and a net margin of 4.03%. The firm had revenue of $489.04 million during the quarter, compared to analysts’ expectations of $491.43 million. During the same period in the previous year, the firm posted $0.63 EPS. TopBuild’s revenue for the quarter was up 7.9% on a year-over-year basis.
TopBuild (NYSE:BLD) opened at $76.63 on Friday. TopBuild has a one year low of $36.73 and a one year high of $78.64. The company has a market capitalization of $2,730.00 and a price-to-earnings ratio of 37.75. The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.26.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Kovack Advisors Inc. purchased a new stake in TopBuild during the 4th quarter worth about $223,000. Parametrica Management Ltd purchased a new stake in TopBuild during the 4th quarter worth about $367,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in TopBuild by 53.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,052 shares of the construction company’s stock worth $155,000 after buying an additional 719 shares during the last quarter. Bessemer Group Inc. purchased a new stake in TopBuild during the 4th quarter worth about $288,000. Finally, SG Capital Management LLC purchased a new stake in TopBuild during the 4th quarter worth about $2,957,000. 94.70% of the stock is owned by institutional investors.
ILLEGAL ACTIVITY WARNING: This news story was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2018/02/02/493-53-million-in-sales-expected-for-topbuild-corp-bld-this-quarter-3.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for TopBuild Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TopBuild and related companies with MarketBeat.com's FREE daily email newsletter.