UFP Industries (UFPI) to Release Quarterly Earnings on Tuesday

UFP Industries (NASDAQ:UFPI) is scheduled to release its earnings data before the market opens on Tuesday, April 30th. Analysts expect UFP Industries to post earnings of $1.61 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

UFP Industries (NASDAQ:UFPI) last released its earnings results on Tuesday, February 20th. The construction company reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.06). The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.61 billion. UFP Industries had a net margin of 7.12% and a return on equity of 17.86%. The firm’s revenue was down 20.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.10 earnings per share. On average, analysts expect UFP Industries to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

UFP Industries Trading Up 1.0 %

NASDAQ:UFPI opened at $113.64 on Monday. The firm’s 50 day moving average is $115.66 and its 200 day moving average is $113.44. UFP Industries has a 12 month low of $76.08 and a 12 month high of $128.65. The stock has a market capitalization of $6.99 billion, a PE ratio of 14.10 and a beta of 1.49. The company has a current ratio of 4.41, a quick ratio of 3.12 and a debt-to-equity ratio of 0.08.

UFP Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.33 dividend. The ex-dividend date was Thursday, February 29th. This is a positive change from UFP Industries’s previous quarterly dividend of $0.20. This represents a $1.32 annualized dividend and a dividend yield of 1.16%. UFP Industries’s payout ratio is presently 16.38%.

Insider Activity

In related news, CEO Matthew J. Missad sold 5,018 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $114.05, for a total transaction of $572,302.90. Following the sale, the chief executive officer now owns 363,328 shares of the company’s stock, valued at approximately $41,437,558.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.58% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on UFPI shares. StockNews.com lowered UFP Industries from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 4th. Stifel Nicolaus boosted their price target on shares of UFP Industries from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Wedbush reaffirmed a “neutral” rating and issued a $102.00 price objective on shares of UFP Industries in a report on Thursday, February 22nd. Finally, Benchmark lifted their price objective on shares of UFP Industries from $120.00 to $137.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, UFP Industries has an average rating of “Moderate Buy” and a consensus price target of $114.00.

UFP Industries Company Profile

UFP Industries, Inc, through its subsidiaries, designs, manufactures, and markets wood and non-wood composites, and other materials in North America, Europe, Asia, and Australia. It operates through Retail, Packaging, and Construction segments. The Retail segment offers treated lumber products, including decking, fencing, lattice, and other products; pressure-treated and fire-retardant products used primarily for outdoor decking environments; and lawn and garden products, consisting of wood and vinyl fencing options, garden beds and planters, pergolas, picnic tables, and other landscaping products.