UFP Industries (NASDAQ:UFPI – Get Free Report) issued its quarterly earnings data on Monday. The construction company reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.25), Briefing.com reports. UFP Industries had a net margin of 7.02% and a return on equity of 15.86%. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same period in the prior year, the company earned $2.10 earnings per share. The business’s quarterly revenue was down 9.8% compared to the same quarter last year.
UFP Industries Stock Performance
Shares of NASDAQ UFPI traded down $0.79 during mid-day trading on Thursday, hitting $121.60. The company had a trading volume of 19,978 shares, compared to its average volume of 280,018. The company has a market capitalization of $7.51 billion, a price-to-earnings ratio of 15.22 and a beta of 1.39. UFP Industries has a 1 year low of $90.62 and a 1 year high of $139.54. The company has a current ratio of 4.34, a quick ratio of 3.18 and a debt-to-equity ratio of 0.07. The stock’s 50-day moving average price is $126.83 and its 200-day moving average price is $120.53.
UFP Industries Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Monday, December 2nd. UFP Industries’s dividend payout ratio is currently 16.42%.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on UFP Industries
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.
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