Foundation Building Materials, Inc. (NYSE:FBM) – Equities researchers at SunTrust Banks lowered their Q1 2018 earnings estimates for shares of Foundation Building Materials in a research note issued on Wednesday. SunTrust Banks analyst K. Hughes now anticipates that the company will earn $0.00 per share for the quarter, down from their prior forecast of $0.08. SunTrust Banks also issued estimates for Foundation Building Materials’ FY2018 earnings at $0.50 EPS.

Several other research analysts have also recently issued reports on FBM. Deutsche Bank AG reduced their target price on shares of Foundation Building Materials from $19.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, August 9th. Robert W. Baird restated a “hold” rating and set a $16.00 price target on shares of Foundation Building Materials in a research report on Friday. Royal Bank Of Canada restated a “buy” rating and set a $15.00 price target on shares of Foundation Building Materials in a research report on Wednesday, September 6th. Zacks Investment Research lowered shares of Foundation Building Materials from a “hold” rating to a “sell” rating in a research report on Monday, September 25th. Finally, Barclays PLC dropped their price target on shares of Foundation Building Materials from $19.00 to $17.00 and set an “overweight” rating on the stock in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $18.43.

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Foundation Building Materials (NYSE:FBM) opened at $13.95 on Monday. The company has a current ratio of 2.63, a quick ratio of 1.82 and a debt-to-equity ratio of 2.02. Foundation Building Materials has a fifty-two week low of $11.03 and a fifty-two week high of $17.91.

Foundation Building Materials (NYSE:FBM) last issued its earnings results on Tuesday, November 7th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. Foundation Building Materials had a negative net margin of 0.11% and a negative return on equity of 2.98%. The firm had revenue of $535.40 million during the quarter, compared to analysts’ expectations of $535.81 million. The business’s revenue for the quarter was up 28.8% on a year-over-year basis.

Hedge funds have recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC acquired a new stake in Foundation Building Materials during the first quarter valued at $1,256,000. JPMorgan Chase & Co. acquired a new stake in Foundation Building Materials during the first quarter valued at $133,000. Prudential Financial Inc. acquired a new stake in Foundation Building Materials during the second quarter valued at $282,000. TIAA CREF Investment Management LLC acquired a new stake in Foundation Building Materials during the first quarter valued at $333,000. Finally, Kennedy Capital Management Inc. acquired a new stake in Foundation Building Materials during the second quarter valued at $2,597,000. Institutional investors own 92.35% of the company’s stock.

About Foundation Building Materials

Foundation Building Materials, Inc is a specialty distributor of wallboard and suspended ceiling systems in the United States and Canada. The Company’s segments include Specialty Building Products and Mechanical Insulation. The Company fabricates and distributes its products for specialty contractors seeking to improve or maintain energy efficiency in a range of commercial and industrial buildings.

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

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