NCI Building Systems, Inc. (NYSE:NCS) Expected to Post Quarterly Sales of $491.65 Million
Analysts expect NCI Building Systems, Inc. (NYSE:NCS) to report sales of $491.65 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for NCI Building Systems’ earnings. The lowest sales estimate is $490.00 million and the highest is $493.30 million. NCI Building Systems reported sales of $462.35 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.3%. The company is scheduled to issue its next quarterly earnings results on Tuesday, August 29th.
On average, analysts expect that NCI Building Systems will report full-year sales of $491.65 million for the current year. For the next year, analysts forecast that the business will post sales of $1.93 billion per share, with estimates ranging from $1.92 billion to $1.93 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for NCI Building Systems.
NCI Building Systems (NYSE:NCS) last posted its earnings results on Tuesday, June 6th. The construction company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.04. The firm had revenue of $420.50 million during the quarter, compared to the consensus estimate of $409.24 million. NCI Building Systems had a net margin of 3.50% and a return on equity of 20.84%. The company’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.04 EPS.
A number of research analysts recently weighed in on NCS shares. Zacks Investment Research downgraded NCI Building Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. Royal Bank Of Canada raised NCI Building Systems from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $18.00 to $20.00 in a research note on Tuesday, April 25th. Finally, TheStreet raised NCI Building Systems from a “c” rating to a “b-” rating in a research note on Tuesday, June 6th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $18.58.
In related news, CEO Norman C. Chambers sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $17.50, for a total value of $700,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Mark E. Johnson sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $17.50, for a total value of $350,000.00. Following the completion of the transaction, the chief financial officer now directly owns 228,399 shares in the company, valued at $3,996,982.50. The disclosure for this sale can be found here. 1.78% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of NCS. SeaBridge Investment Advisors LLC bought a new position in shares of NCI Building Systems during the first quarter worth $3,329,000. Hudson Bay Capital Management LP acquired a new position in shares of NCI Building Systems during the fourth quarter valued at approximately $1,878,000. Norges Bank acquired a new position in shares of NCI Building Systems during the fourth quarter valued at approximately $14,637,000. Prudential Financial Inc. increased its position in shares of NCI Building Systems by 548.6% in the first quarter. Prudential Financial Inc. now owns 312,359 shares of the construction company’s stock valued at $5,356,000 after buying an additional 264,200 shares in the last quarter. Finally, State Street Corp increased its position in shares of NCI Building Systems by 2.2% in the fourth quarter. State Street Corp now owns 623,976 shares of the construction company’s stock valued at $9,763,000 after buying an additional 13,385 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.
NCI Building Systems (NYSE NCS) traded up 1.44% during trading on Friday, reaching $17.60. The company’s stock had a trading volume of 430,304 shares. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 20.54 and a beta of 1.50. NCI Building Systems has a 52-week low of $13.80 and a 52-week high of $18.10. The stock’s 50-day moving average is $16.95 and its 200 day moving average is $16.45.
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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