Zacks: Brokerages Anticipate NCI Building Systems Inc (NCS) Will Announce Quarterly Sales of $538.41 Million

Wall Street brokerages predict that NCI Building Systems Inc (NYSE:NCS) will report $538.41 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for NCI Building Systems’ earnings, with estimates ranging from $536.81 million to $540.00 million. NCI Building Systems reported sales of $469.39 million during the same quarter last year, which would suggest a positive year over year growth rate of 14.7%. The firm is expected to report its next quarterly earnings results on Wednesday, September 5th.

According to Zacks, analysts expect that NCI Building Systems will report full year sales of $1.97 billion for the current fiscal year. For the next year, analysts expect that the company will post sales of $2.10 billion per share, with estimates ranging from $2.09 billion to $2.11 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow NCI Building Systems.

NCI Building Systems (NYSE:NCS) last posted its quarterly earnings results on Tuesday, June 5th. The construction company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.07. NCI Building Systems had a return on equity of 23.45% and a net margin of 1.92%. The business had revenue of $457.10 million for the quarter, compared to analyst estimates of $438.61 million. During the same period last year, the company earned $0.16 EPS. The firm’s revenue was up 8.7% on a year-over-year basis.



NCS has been the topic of several recent analyst reports. DA Davidson lifted their target price on NCI Building Systems from $18.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, June 7th. Citigroup reduced their target price on NCI Building Systems from $22.00 to $17.00 and set a “$16.05” rating on the stock in a report on Monday, July 23rd. ValuEngine upgraded NCI Building Systems from a “hold” rating to a “buy” rating in a report on Wednesday, April 18th. Zacks Investment Research lowered NCI Building Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 30th. Finally, Barclays lowered NCI Building Systems from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $24.00 to $19.00 in a report on Friday, July 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. NCI Building Systems presently has a consensus rating of “Hold” and an average price target of $19.67.

NCI Building Systems traded down $0.20, hitting $14.75, during midday trading on Tuesday, MarketBeat.com reports. 700,439 shares of the company’s stock were exchanged, compared to its average volume of 813,217. The company has a current ratio of 1.58, a quick ratio of 0.87 and a debt-to-equity ratio of 1.56. The firm has a market cap of $989.16 million, a PE ratio of 18.44, a P/E/G ratio of 1.05 and a beta of 1.52. NCI Building Systems has a one year low of $13.05 and a one year high of $23.35.

In other news, CFO Mark E. Johnson sold 82,100 shares of the business’s stock in a transaction dated Friday, June 8th. The stock was sold at an average price of $22.89, for a total value of $1,879,269.00. Following the sale, the chief financial officer now directly owns 160,918 shares in the company, valued at $3,683,413.02. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert Daniel Ronchetto sold 8,039 shares of the business’s stock in a transaction dated Wednesday, June 6th. The shares were sold at an average price of $21.00, for a total value of $168,819.00. Following the completion of the sale, the insider now owns 43,045 shares in the company, valued at $903,945. The disclosure for this sale can be found here. Insiders own 1.78% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. increased its position in shares of NCI Building Systems by 416.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 892,149 shares of the construction company’s stock valued at $18,735,000 after acquiring an additional 719,249 shares during the last quarter. UBS Group AG increased its position in shares of NCI Building Systems by 1,183.9% in the first quarter. UBS Group AG now owns 701,585 shares of the construction company’s stock valued at $12,418,000 after acquiring an additional 646,941 shares during the last quarter. Prudential Financial Inc. increased its position in shares of NCI Building Systems by 112.0% in the first quarter. Prudential Financial Inc. now owns 865,656 shares of the construction company’s stock valued at $15,322,000 after acquiring an additional 457,350 shares during the last quarter. Handelsbanken Fonder AB acquired a new stake in shares of NCI Building Systems in the first quarter valued at about $8,008,000. Finally, Intrinsic Edge Capital Management LLC acquired a new stake in shares of NCI Building Systems in the first quarter valued at about $6,685,000. Institutional investors own 94.21% of the company’s stock.

NCI Building Systems Company Profile

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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