TopBuild (NYSE:BLD) Releases Quarterly Earnings Results, Beats Expectations By $0.25 EPS

TopBuild (NYSE:BLD) issued its earnings results on Tuesday. The construction company reported $4.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.56 by $0.25, Briefing.com reports. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.30 billion. TopBuild had a return on equity of 27.03% and a net margin of 11.82%. TopBuild’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.36 EPS.

TopBuild Price Performance

Shares of NYSE:BLD traded down $1.10 during trading on Wednesday, hitting $395.50. 97,915 shares of the company’s stock were exchanged, compared to its average volume of 267,972. TopBuild has a 52-week low of $199.31 and a 52-week high of $452.87. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.66 and a quick ratio of 2.18. The company has a market cap of $12.58 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 2.94 and a beta of 1.67. The business’s 50-day simple moving average is $414.07 and its 200 day simple moving average is $363.66.

Wall Street Analyst Weigh In

BLD has been the subject of several research reports. Bank of America boosted their price objective on shares of TopBuild from $410.00 to $475.00 and gave the company a “buy” rating in a report on Thursday, March 14th. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research report on Saturday, April 6th. Benchmark increased their price objective on shares of TopBuild from $320.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. The Goldman Sachs Group boosted their target price on shares of TopBuild from $419.00 to $429.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Finally, Stephens reiterated an “equal weight” rating and issued a $425.00 price target on shares of TopBuild in a research report on Tuesday, April 23rd. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $418.90.

TopBuild Company Profile

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products.