Analysts Expect TopBuild Corp. (NYSE:BLD) to Announce $0.58 Earnings Per Share
Analysts forecast that TopBuild Corp. (NYSE:BLD) will post earnings of $0.58 per share for the current quarter, according to Zacks. Three analysts have made estimates for TopBuild Corp.’s earnings, with estimates ranging from $0.56 to $0.60. TopBuild Corp. posted earnings per share of $0.43 during the same quarter last year, which would indicate a positive year over year growth rate of 34.9%. The company is expected to report its next quarterly earnings results on Thursday, August 3rd.
According to Zacks, analysts expect that TopBuild Corp. will report full year earnings of $2.66 per share for the current fiscal year, with EPS estimates ranging from $2.64 to $2.70. For the next fiscal year, analysts expect that the firm will post earnings of $3.16 per share, with EPS estimates ranging from $3.00 to $3.32. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover TopBuild Corp..
TopBuild Corp. (NYSE:BLD) last posted its quarterly earnings results on Tuesday, May 9th. The construction company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.08. The business had revenue of $441.36 million during the quarter, compared to analyst estimates of $432.01 million. TopBuild Corp. had a net margin of 3.38% and a return on equity of 8.21%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 earnings per share.
BLD has been the subject of several research analyst reports. Nomura initiated coverage on TopBuild Corp. in a research report on Wednesday, April 12th. They issued a “neutral” rating and a $45.00 price objective for the company. Instinet boosted their price objective on TopBuild Corp. from $45.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, May 10th. KeyCorp reiterated an “overweight” rating and issued a $59.00 price objective (up from $56.00) on shares of TopBuild Corp. in a research report on Monday, June 26th. TheStreet upgraded TopBuild Corp. from a “c” rating to a “b-” rating in a research report on Friday, June 16th. Finally, Zacks Investment Research lowered TopBuild Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $51.00.
TopBuild Corp. (BLD) traded down 0.43% during mid-day trading on Tuesday, hitting $53.00. 147,551 shares of the stock were exchanged. TopBuild Corp. has a 12-month low of $28.81 and a 12-month high of $55.30. The firm has a 50-day moving average price of $52.83 and a 200-day moving average price of $44.95. The stock has a market capitalization of $1.96 billion, a P/E ratio of 33.33 and a beta of 0.66.
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In other TopBuild Corp. news, COO Robert M. Buck sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $52.00, for a total value of $520,000.00. Following the sale, the chief operating officer now owns 59,204 shares in the company, valued at approximately $3,078,608. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in BLD. State of Alaska Department of Revenue boosted its stake in shares of TopBuild Corp. by 75.8% in the second quarter. State of Alaska Department of Revenue now owns 7,315 shares of the construction company’s stock worth $388,000 after buying an additional 3,155 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of TopBuild Corp. by 3,058.9% in the second quarter. Bank of Montreal Can now owns 178,795 shares of the construction company’s stock worth $9,489,000 after buying an additional 173,135 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in shares of TopBuild Corp. by 3.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 52,780 shares of the construction company’s stock worth $2,480,000 after buying an additional 1,975 shares in the last quarter. Tudor Investment Corp ET AL boosted its stake in shares of TopBuild Corp. by 94.6% in the first quarter. Tudor Investment Corp ET AL now owns 12,350 shares of the construction company’s stock worth $580,000 after buying an additional 6,005 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of TopBuild Corp. during the first quarter worth about $324,000. Hedge funds and other institutional investors own 92.78% of the company’s stock.
About TopBuild Corp.
TopBuild Corp. installs and distributes insulation products to the United States construction industry. The Company operates through two segments: Installation (TruTeam) and Distribution (Service Partners). Its Installation segment principally includes the sales and installation of insulation and other building products.
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