UFP Industries (UFPI) Scheduled to Post Earnings on Tuesday

UFP Industries (NASDAQ:UFPI) will issue its earnings data before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.61 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

UFP Industries (NASDAQ:UFPI) last issued its earnings results on Tuesday, February 20th. The construction company reported $1.62 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.06). The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.61 billion. UFP Industries had a return on equity of 17.86% and a net margin of 7.12%. The firm’s quarterly revenue was down 20.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.10 earnings per share. On average, analysts expect UFP Industries to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

UFP Industries Trading Up 0.7 %

Shares of UFPI opened at $112.58 on Tuesday. The stock has a market capitalization of $6.93 billion, a P/E ratio of 13.97 and a beta of 1.49. UFP Industries has a twelve month low of $76.01 and a twelve month high of $128.65. The company has a quick ratio of 3.12, a current ratio of 4.41 and a debt-to-equity ratio of 0.08. The firm has a fifty day simple moving average of $116.00 and a two-hundred day simple moving average of $113.13.

UFP Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.33 per share. This is a positive change from UFP Industries’s previous quarterly dividend of $0.20. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Thursday, February 29th. UFP Industries’s dividend payout ratio is currently 16.38%.

Insiders Place Their Bets

In other news, CEO Matthew J. Missad sold 5,018 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $114.05, for a total transaction of $572,302.90. Following the sale, the chief executive officer now owns 363,328 shares in the company, valued at approximately $41,437,558.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 2.58% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

UFPI has been the topic of a number of research analyst reports. Benchmark boosted their price target on UFP Industries from $120.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Wedbush restated a “neutral” rating and set a $102.00 target price on shares of UFP Industries in a report on Thursday, February 22nd. Stifel Nicolaus lifted their price target on shares of UFP Industries from $115.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Finally, StockNews.com lowered shares of UFP Industries from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 4th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $114.00.

UFP Industries Company Profile

UFP Industries, Inc, through its subsidiaries, designs, manufactures, and markets wood and non-wood composites, and other materials in North America, Europe, Asia, and Australia. It operates through Retail, Packaging, and Construction segments. The Retail segment offers treated lumber products, including decking, fencing, lattice, and other products; pressure-treated and fire-retardant products used primarily for outdoor decking environments; and lawn and garden products, consisting of wood and vinyl fencing options, garden beds and planters, pergolas, picnic tables, and other landscaping products.