NCI Building Systems Inc (NCS) Expected to Announce Earnings of $0.48 Per Share

Brokerages expect that NCI Building Systems Inc (NYSE:NCS) will announce earnings per share (EPS) of $0.48 for the current quarter, according to Zacks. Two analysts have made estimates for NCI Building Systems’ earnings, with estimates ranging from $0.46 to $0.50. NCI Building Systems reported earnings of $0.27 per share in the same quarter last year, which indicates a positive year over year growth rate of 77.8%. The firm is scheduled to report its next quarterly earnings report on Wednesday, September 5th.

According to Zacks, analysts expect that NCI Building Systems will report full year earnings of $1.42 per share for the current year, with EPS estimates ranging from $1.36 to $1.45. For the next fiscal year, analysts expect that the company will post earnings of $1.80 per share, with EPS estimates ranging from $1.74 to $1.85. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for NCI Building Systems.

NCI Building Systems (NYSE:NCS) last announced its earnings results on Tuesday, June 5th. The construction company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.18 by $0.07. NCI Building Systems had a return on equity of 23.45% and a net margin of 1.92%. The business had revenue of $457.10 million during the quarter, compared to the consensus estimate of $438.61 million. During the same period in the prior year, the business posted $0.16 earnings per share. NCI Building Systems’s revenue was up 8.7% compared to the same quarter last year.

Several equities research analysts have recently commented on NCS shares. Barclays downgraded NCI Building Systems from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $24.00 to $19.00 in a report on Friday, July 20th. ValuEngine downgraded NCI Building Systems from a “buy” rating to a “hold” rating in a report on Thursday, July 19th. Citigroup reduced their target price on NCI Building Systems from $22.00 to $17.00 and set a “$16.05” rating for the company in a report on Monday, July 23rd. Zacks Investment Research downgraded NCI Building Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 30th. Finally, DA Davidson upped their target price on NCI Building Systems from $18.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, June 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. NCI Building Systems presently has a consensus rating of “Hold” and a consensus price target of $19.67.

Shares of NCI Building Systems traded down $0.20, hitting $14.75, during mid-day trading on Friday, according to MarketBeat Ratings. 700,439 shares of the company traded hands, compared to its average volume of 813,217. NCI Building Systems has a 1 year low of $13.05 and a 1 year high of $23.35. The company has a market cap of $989.16 million, a price-to-earnings ratio of 18.44, a P/E/G ratio of 1.05 and a beta of 1.52. The company has a quick ratio of 0.87, a current ratio of 1.58 and a debt-to-equity ratio of 1.56.

In related news, CFO Mark E. Johnson sold 82,100 shares of the stock in a transaction dated Friday, June 8th. The stock was sold at an average price of $22.89, for a total value of $1,879,269.00. Following the completion of the sale, the chief financial officer now directly owns 160,918 shares of the company’s stock, valued at approximately $3,683,413.02. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert Daniel Ronchetto sold 8,039 shares of the stock in a transaction dated Wednesday, June 6th. The stock was sold at an average price of $21.00, for a total value of $168,819.00. Following the completion of the sale, the insider now directly owns 43,045 shares of the company’s stock, valued at $903,945. The disclosure for this sale can be found here. Corporate insiders own 1.78% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Mount Yale Investment Advisors LLC purchased a new stake in NCI Building Systems in the 1st quarter worth about $107,000. SG Americas Securities LLC purchased a new stake in NCI Building Systems in the 2nd quarter worth about $136,000. Russell Investments Group Ltd. purchased a new stake in NCI Building Systems in the 1st quarter worth about $178,000. Element Capital Management LLC purchased a new stake in NCI Building Systems in the 1st quarter worth about $269,000. Finally, MetLife Investment Advisors LLC purchased a new stake in NCI Building Systems in the 4th quarter worth about $378,000. 94.21% of the stock is owned by hedge funds and other institutional investors.

NCI Building Systems Company Profile

NCI Building Systems, Inc, together with its subsidiaries, designs, engineers, manufactures, and markets metal products for the nonresidential construction industry in North America. It operates through three segments: Engineered Building Systems, Metal Components, and Metal Coil Coating. The Engineered Building Systems segment offers engineered structural members and panels; and self-storage building systems under the Metallic, Mid-West Steel, A & S, All American, Mesco, Star, Ceco, Robertson, Garco, Heritage, and SteelBuilding.com brands to builders, general contractors, developers, and end users directly, as well as through private label companies.

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