Brokerages Expect TopBuild Corp (BLD) Will Post Earnings of $1.21 Per Share

Equities analysts expect TopBuild Corp (NYSE:BLD) to report earnings per share of $1.21 for the current quarter, Zacks reports. Four analysts have provided estimates for TopBuild’s earnings, with the highest EPS estimate coming in at $1.23 and the lowest estimate coming in at $1.17. TopBuild posted earnings per share of $0.83 during the same quarter last year, which would suggest a positive year over year growth rate of 45.8%. The company is scheduled to issue its next quarterly earnings report before the market opens on Tuesday, November 6th.

On average, analysts expect that TopBuild will report full-year earnings of $4.19 per share for the current financial year, with EPS estimates ranging from $4.09 to $4.26. For the next year, analysts forecast that the firm will post earnings of $4.99 per share, with EPS estimates ranging from $4.75 to $5.19. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for TopBuild.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, August 7th. The construction company reported $1.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.08. TopBuild had a net margin of 9.10% and a return on equity of 12.42%. The business had revenue of $605.97 million for the quarter, compared to analysts’ expectations of $594.43 million.

BLD has been the topic of a number of analyst reports. ValuEngine cut shares of TopBuild from a “hold” rating to a “sell” rating in a research report on Thursday, August 30th. Stephens reiterated a “buy” rating and set a $87.00 price objective on shares of TopBuild in a research report on Thursday, August 16th. Seaport Global Securities reiterated a “buy” rating and set a $94.00 price objective on shares of TopBuild in a research report on Sunday, August 12th. Macquarie cut their price objective on shares of TopBuild from $83.00 to $67.00 and set a “neutral” rating on the stock in a research report on Thursday, September 6th. Finally, KeyCorp set a $81.00 price objective on shares of TopBuild and gave the company a “buy” rating in a research report on Monday, August 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $86.70.

BLD stock opened at $45.08 on Tuesday. The company has a current ratio of 1.56, a quick ratio of 1.18 and a debt-to-equity ratio of 0.69. TopBuild has a twelve month low of $44.85 and a twelve month high of $87.21. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 16.22 and a beta of 0.38.

In other news, VP John S. Peterson sold 1,887 shares of the business’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $77.28, for a total transaction of $145,827.36. Following the completion of the sale, the vice president now directly owns 33,927 shares of the company’s stock, valued at $2,621,878.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert M. Buck sold 17,766 shares of the business’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $77.40, for a total transaction of $1,375,088.40. Following the sale, the insider now directly owns 62,696 shares of the company’s stock, valued at $4,852,670.40. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Stifel Financial Corp boosted its stake in shares of TopBuild by 24.8% during the first quarter. Stifel Financial Corp now owns 3,352 shares of the construction company’s stock valued at $258,000 after purchasing an additional 666 shares during the period. Piedmont Investment Advisors LLC boosted its stake in shares of TopBuild by 9.3% during the second quarter. Piedmont Investment Advisors LLC now owns 8,306 shares of the construction company’s stock valued at $651,000 after purchasing an additional 710 shares during the period. Amalgamated Bank boosted its stake in shares of TopBuild by 14.1% during the second quarter. Amalgamated Bank now owns 5,791 shares of the construction company’s stock valued at $454,000 after purchasing an additional 716 shares during the period. Royal Bank of Canada boosted its stake in shares of TopBuild by 44.4% during the first quarter. Royal Bank of Canada now owns 2,600 shares of the construction company’s stock valued at $199,000 after purchasing an additional 800 shares during the period. Finally, LPL Financial LLC boosted its stake in shares of TopBuild by 7.0% during the first quarter. LPL Financial LLC now owns 12,588 shares of the construction company’s stock valued at $963,000 after purchasing an additional 821 shares during the period. 95.26% of the stock is owned by hedge funds and other institutional investors.

About TopBuild

TopBuild Corp. engages in the installation, distribution, and sale of insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers rain gutters, garage doors, fireplaces, fireproofing and firestopping products, shower enclosures, closet shelves, accessories, and other building products; and residential insulation services.

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