Cornerstone Building Brands (NYSE:CNR) Releases Q2 2021 Earnings Guidance

Cornerstone Building Brands (NYSE:CNR) updated its second quarter 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $- for the period. The company issued revenue guidance of $1.38 billion-1.43 billion, compared to the consensus revenue estimate of $1.29 billion.

Several research firms have recently commented on CNR. Zacks Investment Research upgraded shares of Cornerstone Building Brands from a hold rating to a strong-buy rating and set a $19.00 price target for the company in a report on Friday, May 21st. UBS Group raised shares of Cornerstone Building Brands from a neutral rating to a buy rating in a research report on Friday, May 28th. DA Davidson raised shares of Cornerstone Building Brands from a neutral rating to a buy rating and lifted their price objective for the stock from $14.00 to $18.00 in a research report on Thursday, May 13th. Finally, Barclays lifted their price objective on shares of Cornerstone Building Brands from $15.00 to $21.00 and gave the stock an equal weight rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Cornerstone Building Brands presently has an average rating of Buy and an average price target of $17.50.

NYSE:CNR opened at $18.31 on Friday. The stock has a market cap of $2.30 billion, a P/E ratio of 40.69 and a beta of 2.11. Cornerstone Building Brands has a twelve month low of $4.68 and a twelve month high of $19.73. The company has a debt-to-equity ratio of 7.78, a quick ratio of 1.92 and a current ratio of 2.59. The stock’s 50 day moving average is $15.50.

Cornerstone Building Brands (NYSE:CNR) last released its earnings results on Monday, May 10th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.09. The company had revenue of $1.27 billion for the quarter. Cornerstone Building Brands had a net margin of 1.20% and a return on equity of 22.03%. As a group, research analysts anticipate that Cornerstone Building Brands will post 1.14 earnings per share for the current fiscal year.

In other Cornerstone Building Brands news, Director Kathleen J. Affeldt sold 19,500 shares of Cornerstone Building Brands stock in a transaction that occurred on Monday, April 5th. The shares were sold at an average price of $14.74, for a total transaction of $287,430.00. Following the completion of the sale, the director now directly owns 60,515 shares in the company, valued at approximately $891,991.10. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.48% of the company’s stock.

About Cornerstone Building Brands

Cornerstone Building Brands, Inc, together with its subsidiaries, designs, engineers, manufactures, markets, and installs external building products for the commercial, residential, and repair and remodel markets in the United States, Canada, Mexico, and internationally. The company operates through three segments: Windows, Siding, and Commercial.

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