NCI Building Systems (NCS) Earning Somewhat Positive Press Coverage, Analysis Shows
News stories about NCI Building Systems (NYSE:NCS) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. NCI Building Systems earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave news headlines about the construction company an impact score of 45.8836578696047 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- BRIEF-NCI Building sees negative impact of $7 to $10 mln in Q4 adjusted EBITDA (reuters.com)
- NCI announces earnings update (seekingalpha.com)
- NCI Building Systems Announces Update to Impact from Storms (finance.yahoo.com)
- NCI Building Systems, Inc. (NCS) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
- Royal Bank Of Canada Reiterates Buy Rating for NCI Building Systems, Inc. (NCS) (americanbankingnews.com)
A number of equities analysts have recently issued reports on NCS shares. Barclays PLC restated a “buy” rating and issued a $16.00 price objective (down previously from $19.00) on shares of NCI Building Systems in a research note on Friday, September 8th. Royal Bank Of Canada restated a “buy” rating and issued a $20.00 price objective on shares of NCI Building Systems in a research note on Tuesday, July 18th. BidaskClub lowered shares of NCI Building Systems from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Finally, Zacks Investment Research lowered shares of NCI Building Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. NCI Building Systems presently has an average rating of “Hold” and an average price target of $17.33.
NCI Building Systems (NYSE NCS) traded down 0.32% during midday trading on Monday, hitting $15.60. 154,907 shares of the stock traded hands. The stock has a market capitalization of $1.11 billion, a PE ratio of 19.80 and a beta of 1.55. NCI Building Systems has a 12-month low of $13.05 and a 12-month high of $18.60. The firm’s 50 day moving average is $15.16 and its 200-day moving average is $16.62.
NCI Building Systems (NYSE:NCS) last posted its quarterly earnings results on Wednesday, September 6th. The construction company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.05). The company had revenue of $469.40 million during the quarter, compared to analyst estimates of $495.21 million. NCI Building Systems had a net margin of 3.18% and a return on equity of 18.31%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the firm earned $0.33 EPS. On average, analysts anticipate that NCI Building Systems will post $0.78 EPS for the current fiscal year.
NCI Building Systems declared that its board has approved 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 buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
In other NCI Building Systems news, EVP Todd R. Moore sold 6,000 shares of NCI Building Systems 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 in the company, valued at $1,133,797.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James S. Metcalf bought 30,000 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was acquired at an average price of $13.42 per share, for a total transaction of $402,600.00. Following the transaction, the director now owns 30,000 shares of the company’s stock, valued at $402,600. The disclosure for this purchase can be found here. 1.78% of the stock is owned by insiders.
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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