NCI Building Systems Inc (NCS) Expected to Post Earnings of $0.09 Per Share

Equities analysts expect that NCI Building Systems Inc (NYSE:NCS) will post $0.09 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for NCI Building Systems’ earnings, with the lowest EPS estimate coming in at $0.08 and the highest estimate coming in at $0.10. NCI Building Systems posted earnings per share of $0.05 in the same quarter last year, which suggests a positive year over year growth rate of 80%. The company is expected to issue its next quarterly earnings results on Tuesday, March 6th.

According to Zacks, analysts expect that NCI Building Systems will report full-year earnings of $1.07 per share for the current fiscal year, with EPS estimates ranging from $1.01 to $1.10. For the next fiscal year, analysts anticipate that the business will post earnings of $1.39 per share, with EPS estimates ranging from $1.33 to $1.45. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow NCI Building Systems.

NCI Building Systems (NYSE:NCS) last posted its earnings results on Wednesday, December 6th. The construction company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.10). The company had revenue of $488.73 million for the quarter, compared to analysts’ expectations of $477.13 million. NCI Building Systems had a return on equity of 18.76% and a net margin of 3.08%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 EPS.

A number of analysts have weighed in on the company. Barclays set a $23.00 target price on NCI Building Systems and gave the stock a “buy” rating in a report on Sunday. TheStreet upgraded NCI Building Systems from a “c+” rating to a “b-” rating in a report on Wednesday, December 27th. Zacks Investment Research upgraded NCI Building Systems from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Tuesday, December 26th. Royal Bank of Canada restated a “buy” rating and set a $22.00 target price on shares of NCI Building Systems in a report on Friday, December 8th. Finally, DA Davidson restated a “hold” rating and set a $18.00 target price on shares of NCI Building Systems in a report on Friday, December 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $21.00.

In other news, EVP Todd R. Moore sold 36,000 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $19.43, for a total transaction of $699,480.00. Following the transaction, the executive vice president now directly owns 85,735 shares of the company’s stock, valued at $1,665,831.05. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Dubilier & Rice Fund V. Clayton sold 7,150,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $19.36, for a total value of $138,424,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,296,115 shares of company stock worth $141,263,459. Insiders own 1.78% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. increased its position in shares of 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 purchasing an additional 1,163 shares in the last quarter. Legal & General Group Plc increased its position in shares of NCI Building Systems by 41.0% during the second quarter. Legal & General Group Plc now owns 8,802 shares of the construction company’s stock worth $147,000 after purchasing an additional 2,559 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of NCI Building Systems during the second quarter worth $160,000. First Quadrant L P CA acquired a new position in shares of NCI Building Systems in the 3rd quarter valued at $161,000. Finally, BB&T Securities LLC acquired a new position in shares of NCI Building Systems in the 3rd quarter valued at $204,000. 96.22% of the stock is currently owned by institutional investors and hedge funds.

Shares of NCI Building Systems (NCS) opened at $18.80 on Thursday. The company has a current ratio of 1.69, a quick ratio of 1.06 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $1,280.00, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 1.82 and a beta of 1.68. NCI Building Systems has a twelve month low of $13.05 and a twelve month high of $21.20.

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 outstanding shares. This buyback authorization allows the construction company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

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NCI Building Systems Company Profile

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.

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