UFP Industries (NASDAQ:UFPI) Posts Quarterly Earnings Results, Misses Estimates By $0.15 EPS

UFP Industries (NASDAQ:UFPI – Get Free Report) posted its quarterly earnings data on Wednesday. The construction company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.15), FiscalAI reports. UFP Industries had a return on equity of 7.51% and a net margin of 3.61%. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.60 billion.

UFP Industries Price Performance

UFP Industries stock opened at $82.28 on Friday. The business has a fifty day moving average price of $80.88 and a 200-day moving average price of $89.78. The firm has a market capitalization of $4.54 billion, a P/E ratio of 19.88 and a beta of 1.22. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.98 and a quick ratio of 2.64. UFP Industries has a one year low of $73.72 and a one year high of $118.00.

UFP Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Tuesday, December 1st. UFP Industries’s dividend payout ratio is presently 33.03%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Weiss Ratings cut UFP Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, October 12th. Zacks Research upgraded UFP Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, July 31st. DA Davidson reiterated a “buy” rating and issued a $105.00 target price on shares of UFP Industries in a report on Tuesday. Stifel Nicolaus set a $85.00 target price on shares of UFP Industries and gave the stock a “hold” rating in a research note on Monday. Finally, Oppenheimer began coverage on UFP Industries in a research note on Wednesday, September 30th. They issued a “market perform” rating on the stock. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, UFP Industries currently has a consensus rating of “Hold” and a consensus target price of $103.25.

View Our Latest Stock Analysis on UFPI

About UFP Industries

(Get Free Report)

UFP Industries, Inc is a diversified manufacturer and distributor of wood, composite and other products serving the retail, construction and industrial markets. The company supplies materials and components used in outdoor living, residential and commercial construction, manufactured housing, packaging and a range of industrial applications.

Its products include treated lumber, decking, fencing, landscaping products, roof trusses, wall panels, wood components, pallets, crates, specialty packaging and other custom-engineered products.

See Also

Earnings History for UFP Industries (NASDAQ:UFPI)

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