NCI Building Systems (NYSE:NCS) posted its earnings results on Wednesday. The construction company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.10), Bloomberg Earnings reports. NCI Building Systems had a return on equity of 18.31% and a net margin of 3.18%. The firm had revenue of $488.73 million during the quarter, compared to the consensus estimate of $477.13 million. During the same quarter in the previous year, the company earned $0.28 EPS. The business’s revenue was up 1.8% compared to the same quarter last year.
Shares of NCI Building Systems (NYSE:NCS) opened at $16.60 on Thursday. NCI Building Systems has a one year low of $13.05 and a one year high of $18.60. The company has a quick ratio of 1.06, a current ratio of 1.79 and a debt-to-equity ratio of 1.20. The stock has a market cap of $1,145.34, a price-to-earnings ratio of 21.25, a PEG ratio of 1.57 and a beta of 1.68.
In related news, EVP Todd R. Moore sold 6,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $13.75, for a total value of $82,500.00. Following the transaction, the executive vice president now directly owns 82,458 shares of the company’s stock, valued at approximately $1,133,797.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director James S. Metcalf purchased 30,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was bought at an average cost of $13.42 per share, for a total transaction of $402,600.00. Following the completion of the acquisition, the director now directly owns 30,000 shares in the company, valued at approximately $402,600. The disclosure for this purchase can be found here. Corporate insiders own 1.78% of the company’s stock.
NCI Building Systems announced that its board has initiated a stock buyback program on Tuesday, October 10th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the construction company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.
Several analysts have recently issued reports on NCS shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $16.00 target price on shares of NCI Building Systems in a research note on Wednesday, October 18th. Barclays reiterated a “buy” rating and issued a $16.00 target price (down previously from $19.00) on shares of NCI Building Systems in a research note on Friday, September 8th. Finally, BidaskClub lowered shares of NCI Building Systems from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $17.33.
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About NCI Building Systems
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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