NCI Building Systems Inc (NCS) Expected to Post Earnings of $0.56 Per Share

Brokerages predict that NCI Building Systems Inc (NYSE:NCS) will report earnings of $0.56 per share for the current quarter, Zacks reports. Two analysts have issued estimates for NCI Building Systems’ earnings, with estimates ranging from $0.55 to $0.56. NCI Building Systems reported earnings per share of $0.32 during the same quarter last year, which indicates a positive year over year growth rate of 75%. The business is expected to report its next quarterly earnings results on Wednesday, December 5th.

On average, analysts expect that NCI Building Systems will report full year earnings of $1.45 per share for the current fiscal year, with EPS estimates ranging from $1.45 to $1.46. For the next fiscal year, analysts anticipate that the company will post earnings of $1.85 per share, with EPS estimates ranging from $1.81 to $1.88. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow NCI Building Systems.

NCI Building Systems (NYSE:NCS) last issued its quarterly earnings data on Tuesday, August 28th. The construction company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. The firm had revenue of $548.50 million during the quarter, compared to analysts’ expectations of $534.27 million. NCI Building Systems had a return on equity of 29.00% and a net margin of 2.77%. NCI Building Systems’s revenue was up 16.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 earnings per share.

A number of brokerages have recently commented on NCS. ValuEngine downgraded NCI Building Systems from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. Citigroup lowered their price target on NCI Building Systems from $22.00 to $17.00 and set a “$16.05” rating for the company in a research report on Monday, July 23rd. TheStreet downgraded NCI Building Systems from a “b-” rating to a “c+” rating in a research report on Wednesday, August 15th. Finally, Barclays downgraded NCI Building Systems from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $24.00 to $19.00 in a research report on Friday, July 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $19.67.

Several institutional investors and hedge funds have recently modified their holdings of NCS. Mount Yale Investment Advisors LLC acquired a new position in shares of NCI Building Systems in the first quarter worth about $107,000. SG Americas Securities LLC acquired a new position in shares of NCI Building Systems in the second quarter worth about $136,000. Russell Investments Group Ltd. acquired a new position in shares of NCI Building Systems in the first quarter worth about $178,000. Element Capital Management LLC acquired a new position in shares of NCI Building Systems in the first quarter worth about $269,000. Finally, OppenheimerFunds Inc. acquired a new position in shares of NCI Building Systems in the second quarter worth about $351,000. Institutional investors own 94.57% of the company’s stock.

NCI Building Systems stock traded down $0.44 during mid-day trading on Friday, hitting $14.49. 31,285 shares of the company were exchanged, compared to its average volume of 532,847. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.85 and a current ratio of 1.58. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 1.04 and a beta of 1.44. NCI Building Systems has a 12-month low of $13.98 and a 12-month high of $23.35.

About NCI Building Systems

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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