UFP Industries (UFPI) Scheduled to Post Earnings on Tuesday

UFP Industries (NASDAQ:UFPI) will be announcing its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.61 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

UFP Industries (NASDAQ:UFPI) last posted its quarterly earnings data on Tuesday, February 20th. The construction company reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.06). The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.61 billion. UFP Industries had a return on equity of 17.86% and a net margin of 7.12%. The company’s quarterly revenue was down 20.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.10 earnings per share. On average, analysts expect UFP Industries to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

UFP Industries Stock Performance

Shares of UFPI opened at $112.58 on Tuesday. The company has a current ratio of 4.41, a quick ratio of 3.12 and a debt-to-equity ratio of 0.08. The firm’s fifty day simple moving average is $116.00 and its two-hundred day simple moving average is $113.13. UFP Industries has a 12 month low of $76.01 and a 12 month high of $128.65. The stock has a market capitalization of $6.93 billion, a P/E ratio of 13.97 and a beta of 1.49.

UFP Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $0.33 per share. The ex-dividend date was Thursday, February 29th. This represents a $1.32 annualized dividend and a yield of 1.17%. This is a boost from UFP Industries’s previous quarterly dividend of $0.20. UFP Industries’s dividend payout ratio (DPR) is currently 16.38%.

Insider Activity at UFP Industries

In other UFP Industries news, CEO Matthew J. Missad sold 5,018 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $114.05, for a total transaction of $572,302.90. Following the completion of the sale, the chief executive officer now directly owns 363,328 shares of the company’s stock, valued at approximately $41,437,558.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.58% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

UFPI has been the subject of several recent analyst reports. StockNews.com downgraded shares of UFP Industries from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 4th. Wedbush restated a “neutral” rating and issued a $102.00 price target on shares of UFP Industries in a report on Thursday, February 22nd. Stifel Nicolaus upped their price objective on shares of UFP Industries from $115.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Finally, Benchmark increased their price objective on shares of UFP Industries from $120.00 to $137.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $114.00.

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.