NCI Building Systems Inc (NCS) Forecasted to Earn Q2 2018 Earnings of $0.22 Per Share
NCI Building Systems Inc (NYSE:NCS) – Seaport Global Securities increased their Q2 2018 earnings per share estimates for NCI Building Systems in a report released on Friday. Seaport Global Securities analyst M. Mccall now anticipates that the construction company will post earnings per share of $0.22 for the quarter, up from their prior estimate of $0.20. Seaport Global Securities also issued estimates for NCI Building Systems’ Q3 2018 earnings at $0.43 EPS.
NCS has been the topic of several other reports. DA Davidson restated a “hold” rating and set a $18.00 price target on shares of NCI Building Systems in a research note on Friday, December 8th. BidaskClub lowered NCI Building Systems from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Royal Bank of Canada restated a “buy” rating and set a $16.00 price target on shares of NCI Building Systems in a research note on Wednesday, October 18th. Finally, Barclays restated a “buy” rating and set a $16.00 price target (down from $19.00) on shares of NCI Building Systems in a research note on Friday, September 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $20.25.
Shares of NCI Building Systems (NYSE NCS) traded down $1.70 on Monday, reaching $18.90. The company had a trading volume of 4,285,300 shares, compared to its average volume of 474,828. NCI Building Systems has a 1 year low of $13.05 and a 1 year high of $21.20. The company has a quick ratio of 1.06, a current ratio of 1.79 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $1,378.11, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 1.93 and a beta of 1.68.
NCI Building Systems (NYSE:NCS) last issued its quarterly earnings results on Wednesday, December 6th. The construction company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.10). NCI Building Systems had a net margin of 3.08% and a return on equity of 18.79%. The firm had revenue of $488.73 million for the quarter, compared to the consensus estimate of $477.13 million. During the same quarter in the prior year, the firm earned $0.28 earnings per share. The company’s revenue was up 1.8% on a year-over-year basis.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its holdings in NCI Building Systems by 17.6% during the second quarter. Victory Capital Management Inc. now owns 7,757 shares of the construction company’s stock valued at $130,000 after purchasing an additional 1,163 shares in the last quarter. Legal & General Group Plc boosted its holdings in NCI Building Systems by 41.0% during the second quarter. Legal & General Group Plc now owns 8,802 shares of the construction company’s stock valued at $147,000 after purchasing an additional 2,559 shares in the last quarter. Quantbot Technologies LP acquired a new stake in NCI Building Systems during the second quarter valued at approximately $160,000. First Quadrant L P CA acquired a new stake in NCI Building Systems during the third quarter valued at approximately $161,000. Finally, Airain ltd acquired a new stake in NCI Building Systems during the second quarter valued at approximately $202,000. 91.91% of the stock is currently owned by institutional investors.
NCI Building Systems announced that its board has authorized a share repurchase plan on Tuesday, October 10th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the construction company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
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NCI Building Systems Company Profile
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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