Universal Forest Products (UFPI) Scheduled to Post Earnings on Tuesday

Universal Forest Products (NASDAQ:UFPI) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, February 20th. Analysts expect Universal Forest Products to post earnings of $0.44 per share for the quarter.

Shares of Universal Forest Products (NASDAQ UFPI) opened at $35.00 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.62 and a quick ratio of 1.40. The firm has a market cap of $2,134.98, a PE ratio of 19.64, a price-to-earnings-growth ratio of 1.59 and a beta of 1.75. Universal Forest Products has a 1 year low of $25.93 and a 1 year high of $39.58.

Several equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of Universal Forest Products from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 19th. BidaskClub cut shares of Universal Forest Products from a “hold” rating to a “sell” rating in a research report on Friday, January 19th. Finally, BMO Capital Markets assumed coverage on shares of Universal Forest Products in a research report on Tuesday, October 17th. They issued a “market perform” rating and a $36.67 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $39.17.

In other news, CEO Matthew J. Missad sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $37.19, for a total value of $743,800.00. Following the transaction, the chief executive officer now owns 201,732 shares of the company’s stock, valued at approximately $7,502,413.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Charles Scott Greene sold 3,299 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $37.00, for a total transaction of $122,063.00. The disclosure for this sale can be found here. Insiders sold a total of 29,299 shares of company stock worth $1,097,163 in the last ninety days. Insiders own 3.40% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Universal Forest Products (UFPI) Scheduled to Post Earnings on Tuesday” was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2018/02/13/universal-forest-products-ufpi-scheduled-to-post-earnings-on-tuesday.html.

Universal Forest Products Company Profile

Universal Forest Products, Inc is a holding company. The Company, through its subsidiaries, supplies wood, wood composite and other products to three primary markets, such as retail, construction and industrial. Its segments include North, South, West, Alternative Materials, International, idX Holdings, Inc (idX) and Corporate divisions.

Earnings History for Universal Forest Products (NASDAQ:UFPI)

Receive News & Ratings for Universal Forest Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Forest Products and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply