NCI Building Systems (NCS) Releases Quarterly Earnings Results, Misses Expectations By $0.10 EPS

NCI Building Systems (NYSE:NCS) released its quarterly earnings data on Wednesday. The construction company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.10), Bloomberg Earnings reports. The firm had revenue of $488.73 million for the quarter, compared to the consensus estimate of $477.13 million. NCI Building Systems had a net margin of 3.18% and a return on equity of 18.31%. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 EPS.

Shares of NCI Building Systems (NYSE:NCS) traded up $0.45 during trading on Wednesday, reaching $16.60. The company had a trading volume of 995,359 shares, compared to its average volume of 444,269. NCI Building Systems has a 1-year low of $13.05 and a 1-year high of $18.60. The company has a market capitalization of $1,160.00, a P/E ratio of 21.58, a P/E/G ratio of 1.59 and a beta of 1.68. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.79 and a quick ratio of 1.06.

Several equities research analysts have recently commented on NCS shares. Barclays restated a “buy” rating and set a $16.00 price objective (down previously from $19.00) on shares of NCI Building Systems in a report on Friday, September 8th. Royal Bank Of Canada reiterated a “buy” rating and set a $16.00 price target on shares of NCI Building Systems in a report on Wednesday, October 18th. Zacks Investment Research downgraded NCI Building Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, BidaskClub downgraded NCI Building Systems from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $17.33.

In other NCI Building Systems news, Director James S. Metcalf acquired 30,000 shares of NCI Building Systems stock in a transaction on Monday, September 11th. The stock was purchased at an average price of $13.42 per share, for a total transaction of $402,600.00. Following the purchase, the director now directly owns 30,000 shares of the company’s stock, valued at $402,600. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Todd R. Moore sold 6,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $13.75, for a total value of $82,500.00. Following the completion of the transaction, the executive vice president now owns 82,458 shares of the company’s stock, valued at approximately $1,133,797.50. The disclosure for this sale can be found here. Corporate insiders own 1.78% of the company’s stock.

NCI Building Systems announced that its Board of Directors has initiated a stock buyback program on Tuesday, October 10th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

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About NCI Building Systems

NCI Building Systems, Inc is a manufacturer and marketer of metal products in North America. The Company’s operating segments include Engineered building systems, Metal components and Metal coil coating. The Engineered building systems segment is engaged in the manufacturing of main frames and long bay systems, and engineering and drafting.

Earnings History for NCI Building Systems (NYSE:NCS)

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