Brokerages predict that Universal Forest Products, Inc. (NASDAQ:UFPI) will announce earnings of $0.51 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Universal Forest Products’ earnings. The lowest EPS estimate is $0.46 and the highest is $0.55. Universal Forest Products reported earnings of $0.41 per share during the same quarter last year, which would indicate a positive year over year growth rate of 24.4%. The business is expected to announce its next earnings results on Thursday, February 28th.
On average, analysts expect that Universal Forest Products will report full-year earnings of $2.40 per share for the current year, with EPS estimates ranging from $2.35 to $2.44. For the next fiscal year, analysts anticipate that the business will report earnings of $2.76 per share, with EPS estimates ranging from $2.65 to $2.87. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Universal Forest Products.
Universal Forest Products (NASDAQ:UFPI) last posted its quarterly earnings results on Tuesday, October 16th. The construction company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.07). Universal Forest Products had a net margin of 3.34% and a return on equity of 13.35%. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the business earned $0.55 EPS. Universal Forest Products’s revenue was up 14.8% on a year-over-year basis.
A number of equities analysts have issued reports on UFPI shares. BidaskClub cut Universal Forest Products from a “hold” rating to a “sell” rating in a report on Saturday, October 27th. ValuEngine cut Universal Forest Products from a “sell” rating to a “strong sell” rating in a report on Thursday, October 18th. Finally, Zacks Investment Research upgraded Universal Forest Products from a “sell” rating to a “hold” rating in a report on Monday, August 27th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $41.33.
In other Universal Forest Products news, EVP Robert D. Coleman sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $37.90, for a total transaction of $379,000.00. Following the transaction, the executive vice president now owns 5,040 shares in the company, valued at $191,016. The sale was disclosed in a document filed with the SEC, which is available through this link. 3.40% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Legal & General Group Plc lifted its holdings in shares of Universal Forest Products by 6.2% during the 2nd quarter. Legal & General Group Plc now owns 133,951 shares of the construction company’s stock valued at $4,897,000 after purchasing an additional 7,808 shares in the last quarter. FMR LLC lifted its holdings in shares of Universal Forest Products by 5.1% during the 2nd quarter. FMR LLC now owns 542,545 shares of the construction company’s stock valued at $19,868,000 after purchasing an additional 26,397 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in shares of Universal Forest Products during the 2nd quarter valued at about $326,000. Hilltop Holdings Inc. bought a new position in shares of Universal Forest Products during the 2nd quarter valued at about $463,000. Finally, Mutual of America Capital Management LLC lifted its holdings in shares of Universal Forest Products by 20.9% during the 2nd quarter. Mutual of America Capital Management LLC now owns 331,564 shares of the construction company’s stock valued at $12,142,000 after purchasing an additional 57,261 shares in the last quarter. Institutional investors and hedge funds own 80.97% of the company’s stock.
UFPI traded up $0.20 during midday trading on Friday, reaching $27.07. 455,487 shares of the company were exchanged, compared to its average volume of 295,214. The company has a current ratio of 2.92, a quick ratio of 1.50 and a debt-to-equity ratio of 0.17. Universal Forest Products has a one year low of $25.99 and a one year high of $39.41. The stock has a market cap of $1.66 billion, a P/E ratio of 14.71, a price-to-earnings-growth ratio of 2.32 and a beta of 1.84.
The business also recently announced a quarterly dividend, which will be paid on Saturday, December 15th. Shareholders of record on Saturday, December 1st will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date is Thursday, November 29th. Universal Forest Products’s dividend payout ratio (DPR) is currently 19.57%.
About Universal Forest Products
Universal Forest Products, Inc, through its subsidiaries, designs, manufactures, and markets wood and wood-alternative products in North America, Europe, Asia, and Australia. The company offers preserved and unpreserved dimensional lumber; outdoor living products, including wood composite decking, and decorative lawn and garden products; and engineered wood components, which include roof and floor trusses, wall panels, engineered floor systems, I-joists, and lumber packages.
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