$493.53 Million in Sales Expected for TopBuild Corp (BLD) This Quarter

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.

Several research analysts recently commented on BLD shares. Nomura boosted their target price on TopBuild from $58.00 to $61.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 8th. KeyCorp reissued an “overweight” rating on shares of TopBuild in a research note on Friday, November 10th. ValuEngine raised TopBuild from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Jefferies Group started coverage on TopBuild in a research note on Tuesday, December 12th. They set a “buy” rating and a $79.00 target price for the company. Finally, Zacks Investment Research raised TopBuild from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Friday, January 5th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $68.43.

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.

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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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Earnings History and Estimates for TopBuild (NYSE:BLD)

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