NCI Building Systems (NCS) Expected to Post Quarterly Sales of $442.69 Million

Brokerages expect that NCI Building Systems (NYSE:NCS) will post sales of $442.69 million for the current quarter, Zacks reports. Two analysts have provided estimates for NCI Building Systems’ earnings, with estimates ranging from $440.37 million to $445.00 million. NCI Building Systems posted sales of $420.46 million during the same quarter last year, which suggests a positive year over year growth rate of 5.3%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, June 5th.

According to Zacks, analysts expect that NCI Building Systems will report full year sales of $1.91 billion for the current financial year, with estimates ranging from $1.88 billion to $1.95 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $1.98 billion per share, with estimates ranging from $1.93 billion to $2.03 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover NCI Building Systems.

NCI Building Systems (NYSE:NCS) last posted its quarterly earnings results on Tuesday, March 6th. The construction company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.04. The firm had revenue of $421.30 million for the quarter, compared to analysts’ expectations of $402.81 million. NCI Building Systems had a net margin of 3.21% and a return on equity of 21.00%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.05 earnings per share.



Several analysts recently issued reports on the stock. ValuEngine cut shares of NCI Building Systems from a “buy” rating to a “hold” rating in a report on Thursday. Stephens reaffirmed a “hold” rating and issued a $20.00 price target on shares of NCI Building Systems in a report on Thursday, March 15th. Barclays reaffirmed an “overweight” rating on shares of NCI Building Systems in a report on Thursday, March 8th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $20.00 price target on shares of NCI Building Systems in a report on Thursday, March 8th. Finally, Zacks Investment Research cut shares of NCI Building Systems from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. NCI Building Systems presently has an average rating of “Hold” and a consensus price target of $20.00.

NCS traded down $0.20 during trading on Friday, hitting $17.30. The company had a trading volume of 585,154 shares, compared to its average volume of 558,323. The stock has a market capitalization of $1,140.97, a PE ratio of 21.81, a P/E/G ratio of 1.32 and a beta of 1.45. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.60 and a quick ratio of 0.86. NCI Building Systems has a 1-year low of $13.05 and a 1-year high of $21.20.

NCI Building Systems announced that its Board of Directors has authorized a share buyback program on Wednesday, March 7th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the construction company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Several large investors have recently modified their holdings of the business. Renaissance Technologies LLC raised its holdings in shares of NCI Building Systems by 25.4% during the fourth quarter. Renaissance Technologies LLC now owns 2,675,820 shares of the construction company’s stock worth $51,643,000 after purchasing an additional 542,320 shares during the period. BlackRock Inc. raised its holdings in shares of NCI Building Systems by 1.5% during the fourth quarter. BlackRock Inc. now owns 2,555,466 shares of the construction company’s stock worth $49,321,000 after purchasing an additional 37,591 shares during the period. Millennium Management LLC acquired a new stake in shares of NCI Building Systems during the fourth quarter worth $37,432,000. Dimensional Fund Advisors LP raised its holdings in shares of NCI Building Systems by 17.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,815,652 shares of the construction company’s stock worth $28,324,000 after purchasing an additional 270,357 shares during the period. Finally, Royce & Associates LP raised its holdings in shares of NCI Building Systems by 5.0% during the fourth quarter. Royce & Associates LP now owns 1,524,330 shares of the construction company’s stock worth $29,420,000 after purchasing an additional 73,134 shares during the period. 95.71% of the stock is currently owned by institutional investors.

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About NCI Building Systems

NCI Building Systems, Inc, together with its subsidiaries, designs, engineers, manufactures, and markets metal products for the nonresidential construction industry in North America. It operates through three segments: Engineered Building Systems, Metal Components, and Metal Coil Coating. The Engineered Building Systems segment offers engineered structural members and panels; and self-storage building systems under the Metallic, Mid-West Steel, A & S, All American, Mesco, Star, Ceco, Robertson, Garco, Heritage, and SteelBuilding.com brands to builders, general contractors, developers, and end users directly, as well as through private label companies.

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Earnings History and Estimates for NCI Building Systems (NYSE:NCS)

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