Analysts Offer Predictions for NCI Building Systems, Inc.’s Q1 2017 Earnings (NCS)
NCI Building Systems, Inc. (NYSE:NCS) – Stock analysts at Seaport Global Securities issued their Q1 2017 EPS estimates for NCI Building Systems in a report released on Tuesday. Seaport Global Securities analyst M. Mccall anticipates that the firm will earn $0.04 per share for the quarter. Seaport Global Securities currently has a “Buy” rating and a $20.00 target price on the stock. Seaport Global Securities also issued estimates for NCI Building Systems’ Q2 2017 earnings at $0.14 EPS, Q3 2017 earnings at $0.44 EPS, Q4 2017 earnings at $0.43 EPS, FY2017 earnings at $1.05 EPS and FY2018 earnings at $1.30 EPS.
NCI Building Systems (NYSE:NCS) last posted its quarterly earnings results on Thursday, December 8th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by $0.03. NCI Building Systems had a return on equity of 18.84% and a net margin of 3.01%. The business had revenue of $480.30 million for the quarter, compared to analysts’ expectations of $484.48 million. During the same period in the prior year, the business posted $0.31 earnings per share.
A number of other equities analysts also recently issued reports on the company. Citigroup Inc. reaffirmed a “neutral” rating and issued a $16.50 price target on shares of NCI Building Systems in a report on Wednesday, October 12th. Barclays PLC started coverage on NCI Building Systems in a report on Thursday, January 5th. They issued an “overweight” rating and a $19.00 price target for the company. Finally, Zacks Investment Research downgraded NCI Building Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 1st. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $17.39.
NCI Building Systems (NYSE:NCS) opened at 16.20 on Thursday. NCI Building Systems has a 52-week low of $9.07 and a 52-week high of $18.10. The firm’s 50-day moving average is $16.30 and its 200-day moving average is $15.88. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 23.18 and a beta of 1.65.
In other news, CEO Norman C. Chambers sold 119,956 shares of the company’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $17.29, for a total transaction of $2,074,039.24. Following the completion of the sale, the chief executive officer now owns 622,812 shares in the company, valued at $10,768,419.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Norman C. Chambers sold 18,278 shares of the company’s stock in a transaction that occurred on Thursday, December 8th. The stock was sold at an average price of $17.50, for a total value of $319,865.00. Following the sale, the chief executive officer now owns 492,697 shares of the company’s stock, valued at approximately $8,622,197.50. The disclosure for this sale can be found here. 4.49% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. boosted its stake in NCI Building Systems by 175.0% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 391,578 shares of the company’s stock valued at $5,712,000 after buying an additional 249,200 shares during the period. Cetera Advisors LLC bought a new stake in NCI Building Systems during the third quarter valued at approximately $253,000. Panagora Asset Management Inc. boosted its stake in NCI Building Systems by 69.0% in the third quarter. Panagora Asset Management Inc. now owns 140,967 shares of the company’s stock valued at $2,057,000 after buying an additional 57,541 shares during the period. Highbridge Capital Management LLC bought a new stake in NCI Building Systems during the third quarter valued at approximately $857,000. Finally, D. E. Shaw & Co. Inc. boosted its stake in NCI Building Systems by 42.4% in the third quarter. D. E. Shaw & Co. Inc. now owns 578,488 shares of the company’s stock valued at $8,441,000 after buying an additional 172,315 shares during the period. Institutional investors and hedge funds own 94.53% of the company’s stock.
NCI Building Systems Company Profile
NCI Building Systems, Inc is a manufacturer and marketer of metal products for the non-residential construction industry. The Company operates through three segments: engineered building systems, metal components and metal coil coating. The metal coil coating segment consists of cleaning, treating, painting and slitting continuous steel coils before the steel is fabricated for use by construction and industrial users.
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