UFP Industries (NASDAQ:UFPI) Announces Earnings Results, Misses Estimates By $0.27 EPS

UFP Industries (NASDAQ:UFPI) announced its quarterly earnings results on Monday. The construction company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.27), Zacks reports. UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the prior year, the company earned $1.96 earnings per share. The business’s revenue for the quarter was down 2.7% on a year-over-year basis.

UFP Industries Stock Down 4.9 %

UFPI stock opened at $101.31 on Tuesday. UFP Industries has a 52 week low of $99.42 and a 52 week high of $141.33. The stock has a market capitalization of $6.16 billion, a P/E ratio of 14.94 and a beta of 1.45. The company has a quick ratio of 3.25, a current ratio of 4.88 and a debt-to-equity ratio of 0.07. The firm has a 50-day simple moving average of $106.74 and a 200-day simple moving average of $117.33.

UFP Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.35 dividend. This is a boost from UFP Industries’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.38%. UFP Industries’s dividend payout ratio (DPR) is presently 20.68%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. StockNews.com cut shares of UFP Industries from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Benchmark reaffirmed a “buy” rating and set a $135.00 price objective on shares of UFP Industries in a research note on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $143.00.

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.