FY2017 EPS Estimates for NCI Building Systems Inc (NCS) Decreased by Seaport Global Securities
NCI Building Systems Inc (NYSE:NCS) – Research analysts at Seaport Global Securities reduced their FY2017 earnings estimates for shares of NCI Building Systems in a research note issued to investors on Monday. Seaport Global Securities analyst M. Mccall now expects that the construction company will earn $0.77 per share for the year, down from their previous forecast of $0.80. Seaport Global Securities also issued estimates for NCI Building Systems’ Q4 2017 earnings at $0.29 EPS, Q1 2018 earnings at $0.06 EPS, Q4 2018 earnings at $0.36 EPS, FY2018 earnings at $1.05 EPS and FY2019 earnings at $1.30 EPS.
Several other brokerages also recently issued reports on NCS. BidaskClub downgraded NCI Building Systems from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Royal Bank Of Canada restated a “buy” rating and issued a $16.00 price target on shares of NCI Building Systems in a report on Wednesday, October 18th. Finally, Barclays restated a “buy” rating and issued a $16.00 price target (down from $19.00) on shares of NCI Building Systems in a report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $17.33.
Shares of NCI Building Systems (NYSE NCS) opened at $16.60 on Tuesday. NCI Building Systems has a fifty-two week low of $13.05 and a fifty-two week high of $18.60. The stock has a market capitalization of $1,160.00, a PE ratio of 21.58, a price-to-earnings-growth ratio of 1.59 and a beta of 1.68. The company has a quick ratio of 1.06, a current ratio of 1.79 and a debt-to-equity ratio of 1.20.
NCI Building Systems (NYSE:NCS) last released its earnings results on Wednesday, December 6th. The construction company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.10). NCI Building Systems had a net margin of 3.18% and a return on equity of 18.31%. The company had revenue of $488.73 million during the quarter, compared to analyst estimates of $477.13 million. During the same period in the previous year, the company posted $0.28 EPS. The company’s quarterly revenue was up 1.8% compared to the same quarter last year.
Large investors have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC grew its stake in NCI Building Systems by 28.8% in the first quarter. Parametric Portfolio Associates LLC now owns 13,796 shares of the construction company’s stock valued at $237,000 after purchasing an additional 3,082 shares in the last quarter. Teachers Advisors LLC grew its stake in NCI Building Systems by 7.4% in the first quarter. Teachers Advisors LLC now owns 115,216 shares of the construction company’s stock valued at $1,976,000 after purchasing an additional 7,978 shares in the last quarter. California Public Employees Retirement System grew its stake in NCI Building Systems by 6.8% in the first quarter. California Public Employees Retirement System now owns 39,400 shares of the construction company’s stock valued at $676,000 after purchasing an additional 2,500 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in NCI Building Systems by 9.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,447,696 shares of the construction company’s stock valued at $24,828,000 after purchasing an additional 124,187 shares in the last quarter. Finally, Credit Suisse AG grew its stake in NCI Building Systems by 42.8% in the first quarter. Credit Suisse AG now owns 70,286 shares of the construction company’s stock valued at $1,206,000 after purchasing an additional 21,079 shares in the last quarter. Institutional investors and hedge funds own 91.91% of the company’s stock.
In other news, Director James S. Metcalf acquired 30,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was acquired at an average cost of $13.42 per share, for a total transaction of $402,600.00. Following the completion of the acquisition, the director now owns 30,000 shares in the company, valued at $402,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Todd R. Moore sold 6,000 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $13.75, for a total value of $82,500.00. Following the transaction, the executive vice president now owns 82,458 shares of the company’s stock, valued at $1,133,797.50. The disclosure for this sale can be found here. 1.78% of the stock is owned by corporate insiders.
NCI Building Systems declared that its board has authorized a share buyback plan on Tuesday, October 10th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the construction company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
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About NCI Building Systems
NCI Building Systems, Inc is a manufacturer and marketer of metal products in North America. The Company’s operating segments include Engineered building systems, Metal components and Metal coil coating. The Engineered building systems segment is engaged in the manufacturing of main frames and long bay systems, and engineering and drafting.
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