Analysts expect that Foundation Building Materials Inc (NYSE:FBM) will announce $0.10 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have provided estimates for Foundation Building Materials’ earnings, with the highest EPS estimate coming in at $0.12 and the lowest estimate coming in at $0.09. Foundation Building Materials posted earnings per share of $0.19 in the same quarter last year, which would indicate a negative year over year growth rate of 47.4%. The company is scheduled to issue its next quarterly earnings report after the market closes on Monday, February 25th.
According to Zacks, analysts expect that Foundation Building Materials will report full-year earnings of $0.48 per share for the current year, with EPS estimates ranging from $0.47 to $0.49. For the next financial year, analysts expect that the business will post earnings of $0.90 per share, with EPS estimates ranging from $0.85 to $0.97. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Foundation Building Materials.
Several brokerages have recently commented on FBM. ValuEngine lowered Foundation Building Materials from a “hold” rating to a “sell” rating in a report on Thursday, October 18th. Zacks Investment Research downgraded Foundation Building Materials from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Barclays set a $15.00 target price on Foundation Building Materials and gave the company a “buy” rating in a research report on Saturday, November 3rd. TheStreet downgraded Foundation Building Materials from a “c-” rating to a “d+” rating in a research report on Thursday, October 25th. Finally, Credit Suisse Group initiated coverage on Foundation Building Materials in a research report on Friday, January 11th. They issued a “neutral” rating and a $9.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $14.60.
Shares of FBM opened at $8.74 on Friday. Foundation Building Materials has a 12 month low of $7.62 and a 12 month high of $16.32. The company has a quick ratio of 2.19, a current ratio of 2.86 and a debt-to-equity ratio of 2.14. The firm has a market cap of $374.90 million, a PE ratio of 29.13 and a beta of 1.41.
About Foundation Building Materials
Foundation Building Materials, Inc distributes building products in the United States and Canada. It operates through two segments, Specialty Building Products and Mechanical Insulation. The Specialty Building Products segment distributes wallboard, metal framing, suspended ceiling system, and other products.
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