Equities analysts predict that Foundation Building Materials Inc (NYSE:FBM) will report $0.31 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Foundation Building Materials’ earnings, with the lowest EPS estimate coming in at $0.30 and the highest estimate coming in at $0.32. Foundation Building Materials posted earnings of $0.19 per share during the same quarter last year, which suggests a positive year over year growth rate of 63.2%. The firm is scheduled to report its next earnings report on Thursday, November 7th.

On average, analysts expect that Foundation Building Materials will report full year earnings of $0.94 per share for the current financial year, with EPS estimates ranging from $0.88 to $1.01. For the next financial year, analysts forecast that the company will post earnings of $1.16 per share, with EPS estimates ranging from $1.00 to $1.31. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Foundation Building Materials.

Foundation Building Materials (NYSE:FBM) last released its quarterly earnings data on Monday, August 5th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.12. Foundation Building Materials had a net margin of 0.08% and a return on equity of 9.30%. The company had revenue of $559.91 million for the quarter, compared to analysts’ expectations of $574.68 million. During the same quarter last year, the company earned $0.08 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis.

A number of research firms have weighed in on FBM. TheStreet raised shares of Foundation Building Materials from a “d+” rating to a “c” rating in a report on Friday, April 26th. Zacks Investment Research cut shares of Foundation Building Materials from a “buy” rating to a “hold” rating in a report on Monday, August 12th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Foundation Building Materials presently has a consensus rating of “Hold” and a consensus target price of $14.33.

FBM stock traded down $0.63 during midday trading on Friday, reaching $17.33. 304,200 shares of the company were exchanged, compared to its average volume of 358,619. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.38 and a current ratio of 1.98. Foundation Building Materials has a 1-year low of $7.62 and a 1-year high of $19.74. The stock’s 50-day simple moving average is $17.43 and its 200 day simple moving average is $13.74. The company has a market cap of $769.49 million, a price-to-earnings ratio of 49.51 and a beta of 1.48.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in Foundation Building Materials by 3.2% during the fourth quarter. BlackRock Inc. now owns 836,340 shares of the company’s stock worth $6,950,000 after buying an additional 25,880 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Foundation Building Materials by 9.6% during the fourth quarter. Bank of New York Mellon Corp now owns 59,874 shares of the company’s stock worth $498,000 after buying an additional 5,226 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Foundation Building Materials by 14.6% during the fourth quarter. Geode Capital Management LLC now owns 148,277 shares of the company’s stock worth $1,232,000 after buying an additional 18,943 shares in the last quarter. Bank of America Corp DE boosted its holdings in Foundation Building Materials by 292.8% during the fourth quarter. Bank of America Corp DE now owns 28,059 shares of the company’s stock worth $233,000 after buying an additional 20,916 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its position in Foundation Building Materials by 222.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 65,142 shares of the company’s stock worth $541,000 after acquiring an additional 44,944 shares during the period. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Foundation Building Materials Company Profile

Foundation Building Materials, Inc distributes building products in the United States and Canada. It offers wallboard, suspended ceiling system, and metal framing products. The company also provides complementary and other products, tools, and accessories, such as wallboard accessories, stucco and finishing systems, safety accessories, fasteners, insulations, doors, and roofing products.

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Earnings History and Estimates for Foundation Building Materials (NYSE:FBM)

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