Equities analysts predict that Foundation Building Materials Inc (NYSE:FBM) will post earnings of $0.10 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Foundation Building Materials’ earnings. The highest EPS estimate is $0.12 and the lowest is $0.09. Foundation Building Materials posted earnings per share of $0.19 during the same quarter last year, which suggests a negative year over year growth rate of 47.4%. The business is scheduled to report its next earnings report on Tuesday, February 26th.

On average, analysts expect that Foundation Building Materials will report full year earnings of $0.43 per share for the current year, with EPS estimates ranging from $0.34 to $0.49. For the next year, analysts expect that the business will report earnings of $0.92 per share, with EPS estimates ranging from $0.85 to $0.97. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Foundation Building Materials.

Foundation Building Materials (NYSE:FBM) last issued its earnings results on Thursday, November 1st. The company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.06. The business had revenue of $542.30 million during the quarter, compared to analysts’ expectations of $555.47 million. Foundation Building Materials had a net margin of 2.07% and a return on equity of 6.25%. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.08 earnings per share.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Foundation Building Materials from a “sell” rating to a “hold” rating in a report on Wednesday, November 7th. Barclays set a $15.00 price objective on shares of Foundation Building Materials and gave the company a “buy” rating in a report on Saturday, November 3rd. TheStreet lowered shares of Foundation Building Materials from a “c-” rating to a “d+” rating in a report on Thursday, October 25th. Finally, ValuEngine lowered shares of Foundation Building Materials from a “hold” rating to a “sell” rating in a report on Thursday, October 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $17.67.

Shares of NYSE FBM traded up $0.31 during mid-day trading on Thursday, reaching $9.75. The company’s stock had a trading volume of 2,107 shares, compared to its average volume of 77,498. The company has a quick ratio of 2.19, a current ratio of 2.86 and a debt-to-equity ratio of 2.14. Foundation Building Materials has a 1-year low of $9.26 and a 1-year high of $16.40. The stock has a market capitalization of $413.94 million, a price-to-earnings ratio of 32.60 and a beta of 1.35.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. boosted its stake in Foundation Building Materials by 47.5% during the third quarter. American Century Companies Inc. now owns 1,854,254 shares of the company’s stock worth $23,123,000 after buying an additional 597,531 shares during the period. Paradigm Capital Management Inc. NY purchased a new position in Foundation Building Materials during the second quarter worth about $7,653,000. Dalton Greiner Hartman Maher & Co. boosted its stake in Foundation Building Materials by 129.3% during the third quarter. Dalton Greiner Hartman Maher & Co. now owns 508,799 shares of the company’s stock worth $6,345,000 after buying an additional 286,923 shares during the period. Acadian Asset Management LLC purchased a new position in Foundation Building Materials during the second quarter worth about $4,020,000. Finally, Millennium Management LLC purchased a new position in Foundation Building Materials during the first quarter worth about $3,197,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Foundation Building Materials Company Profile

Foundation Building Materials, Inc distributes building products in the United States and Canada. It operates through two segments, Specialty Building Products and Mechanical Insulation. The Specialty Building Products segment distributes wallboard, metal framing, suspended ceiling system, and other products.

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

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