Foundation Building Materials (FBM) Earning Somewhat Positive News Coverage, Report Finds
Headlines about Foundation Building Materials (NYSE:FBM) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Foundation Building Materials earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.4216802655641 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
FBM has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Foundation Building Materials from a “sell” rating to a “hold” rating in a research note on Wednesday, August 30th. Royal Bank Of Canada reiterated a “buy” rating and issued a $15.00 target price on shares of Foundation Building Materials in a research note on Wednesday, September 6th. Deutsche Bank AG reduced their target price on Foundation Building Materials from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, August 9th. Robert W. Baird reiterated a “hold” rating and issued a $16.00 target price on shares of Foundation Building Materials in a research note on Friday, November 10th. Finally, Barclays PLC reduced their target price on Foundation Building Materials from $19.00 to $17.00 and set an “overweight” rating on the stock in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $18.43.
Foundation Building Materials (FBM) traded up $0.32 on Friday, hitting $14.23. The stock had a trading volume of 117,500 shares, compared to its average volume of 226,802. Foundation Building Materials has a fifty-two week low of $11.03 and a fifty-two week high of $17.91. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.82 and a current ratio of 2.63.
Foundation Building Materials (NYSE:FBM) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.08. Foundation Building Materials had a negative return on equity of 2.98% and a negative net margin of 0.11%. The business had revenue of $535.40 million for the quarter, compared to the consensus estimate of $535.81 million. The business’s revenue was up 28.8% compared to the same quarter last year. equities analysts expect that Foundation Building Materials will post 0.22 EPS for the current year.
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.
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