Equities research analysts expect that NCI Building Systems Inc (NYSE:NCS) will announce sales of $403.75 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for NCI Building Systems’ earnings, with estimates ranging from $398.49 million to $409.00 million. NCI Building Systems reported sales of $391.70 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.1%. The firm is expected to report its next quarterly earnings results on Tuesday, March 6th.
On average, analysts expect that NCI Building Systems will report full year sales of $403.75 million for the current fiscal year. For the next fiscal year, analysts anticipate that the business will post sales of $1.94 billion per share, with estimates ranging from $1.93 billion to $1.95 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover NCI Building Systems.
NCI Building Systems (NYSE:NCS) last announced its quarterly earnings results on Wednesday, December 6th. The construction company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.10). NCI Building Systems had a return on equity of 18.76% and a net margin of 3.08%. The firm had revenue of $488.73 million for the quarter, compared to analysts’ expectations of $477.13 million. During the same period last year, the company posted $0.28 earnings per share. The business’s quarterly revenue was up 1.8% on a year-over-year basis.
Shares of NCI Building Systems (NYSE NCS) opened at $18.90 on Friday. NCI Building Systems has a twelve month low of $13.05 and a twelve month high of $21.20. The stock has a market cap of $1,277.77, a price-to-earnings ratio of 24.55, a P/E/G ratio of 1.75 and a beta of 1.68. The company has a current ratio of 1.69, a quick ratio of 1.06 and a debt-to-equity ratio of 1.27.
NCI Building Systems declared that its board has initiated a stock buyback plan on Tuesday, October 10th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the construction company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
In other news, major shareholder Dubilier & Rice Fund V. Clayton sold 7,150,000 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $19.36, for a total value of $138,424,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Bradley Scott Little sold 2,750 shares of the stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $19.48, for a total transaction of $53,570.00. Following the completion of the sale, the vice president now owns 28,663 shares of the company’s stock, valued at $558,355.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,296,115 shares of company stock worth $141,263,459. Insiders own 1.78% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of NCS. Victory Capital Management Inc. raised its position in shares of NCI Building Systems by 17.6% in the second quarter. Victory Capital Management Inc. now owns 7,757 shares of the construction company’s stock valued at $130,000 after buying an additional 1,163 shares during the last quarter. Legal & General Group Plc raised its position in shares of NCI Building Systems by 41.0% in the second quarter. Legal & General Group Plc now owns 8,802 shares of the construction company’s stock valued at $147,000 after buying an additional 2,559 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of NCI Building Systems in the second quarter valued at about $160,000. First Quadrant L P CA acquired a new stake in shares of NCI Building Systems in the third quarter valued at about $161,000. Finally, BB&T Securities LLC acquired a new stake in shares of NCI Building Systems in the third quarter valued at about $204,000. Institutional investors and hedge funds own 96.22% of the company’s stock.
NCI Building Systems Company Profile
NCI Building Systems, Inc is a manufacturer and marketer of metal products in North America. The Company’s operating segments include Engineered building systems, Metal components and Metal coil coating. The Engineered building systems segment is engaged in the manufacturing of main frames and long bay systems, and engineering and drafting.
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