Q1 2018 EPS Estimates for NCI Building Systems Inc Raised by DA Davidson (NCS)

NCI Building Systems Inc (NYSE:NCS) – Research analysts at DA Davidson boosted their Q1 2018 earnings estimates for NCI Building Systems in a research report issued on Thursday. DA Davidson analyst B. Thielman now expects that the construction company will post earnings per share of $0.10 for the quarter, up from their previous estimate of $0.07. DA Davidson currently has a “Hold” rating and a $18.00 target price on the stock. DA Davidson also issued estimates for NCI Building Systems’ Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.37 EPS, Q4 2018 earnings at $0.42 EPS, FY2018 earnings at $1.10 EPS and FY2019 earnings at $1.33 EPS.

NCS has been the topic of several other research reports. BidaskClub downgraded shares of NCI Building Systems from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $16.00 target price on shares of NCI Building Systems in a report on Wednesday, October 18th. Finally, Barclays reaffirmed a “buy” rating and issued a $16.00 target price (down previously from $19.00) on shares of NCI Building Systems in a report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $20.25.

Shares of NCI Building Systems (NYSE NCS) traded down $1.70 during trading hours on Monday, hitting $18.90. 4,285,300 shares of the stock traded hands, compared to its average volume of 474,828. The stock has a market capitalization of $1,378.11, a P/E ratio of 25.75, a price-to-earnings-growth ratio of 1.93 and a beta of 1.68. The company has a current ratio of 1.79, a quick ratio of 1.06 and a debt-to-equity ratio of 1.20. NCI Building Systems has a 1-year low of $13.05 and a 1-year high of $21.20.

NCI Building Systems (NYSE:NCS) last issued its earnings results on Wednesday, December 6th. The construction company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.10). The firm had revenue of $488.73 million during the quarter, compared to analysts’ expectations of $477.13 million. NCI Building Systems had a net margin of 3.08% and a return on equity of 18.79%. The firm’s revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 EPS.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC raised its position in NCI Building Systems by 3.4% during the second quarter. Nisa Investment Advisors LLC now owns 16,880 shares of the construction company’s stock worth $282,000 after acquiring an additional 550 shares during the last quarter. Macquarie Group Ltd. raised its position in NCI Building Systems by 0.8% during the second quarter. Macquarie Group Ltd. now owns 106,511 shares of the construction company’s stock worth $1,779,000 after acquiring an additional 810 shares during the last quarter. Victory Capital Management Inc. raised its position in NCI Building Systems by 17.6% during the second quarter. Victory Capital Management Inc. now owns 7,757 shares of the construction company’s stock worth $130,000 after acquiring an additional 1,163 shares during the last quarter. Sei Investments Co. raised its position in NCI Building Systems by 5.4% during the second quarter. Sei Investments Co. now owns 48,420 shares of the construction company’s stock worth $809,000 after acquiring an additional 2,459 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in NCI Building Systems by 6.8% during the first quarter. California Public Employees Retirement System now owns 39,400 shares of the construction company’s stock worth $676,000 after acquiring an additional 2,500 shares during the last quarter. Hedge funds and other institutional investors own 91.91% of the company’s stock.

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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 and Estimates for NCI Building Systems (NYSE:NCS)

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