TopBuild (BLD) Scheduled to Post Earnings on Tuesday

TopBuild (NYSE:BLD) is set to post its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect TopBuild to post earnings of $4.55 per share for the quarter. TopBuild has set its FY 2024 guidance at EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Wednesday, February 28th. The construction company reported $4.69 earnings per share for the quarter, beating the consensus estimate of $4.60 by $0.09. TopBuild had a return on equity of 27.03% and a net margin of 11.82%. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the business earned $4.40 EPS. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, analysts expect TopBuild to post $21 EPS for the current fiscal year and $22 EPS for the next fiscal year.

TopBuild Trading Up 1.7 %

Shares of NYSE:BLD opened at $414.11 on Tuesday. The company has a quick ratio of 2.18, a current ratio of 2.66 and a debt-to-equity ratio of 0.54. TopBuild has a 52-week low of $199.31 and a 52-week high of $452.87. The stock has a market cap of $13.18 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 2.97 and a beta of 1.66. The business has a 50-day moving average price of $413.40 and a 200-day moving average price of $356.37.

Analysts Set New Price Targets

BLD has been the subject of a number of recent research reports. Stephens reissued an “equal weight” rating and set a $425.00 price target on shares of TopBuild in a research report on Tuesday, April 23rd. Evercore ISI upped their price target on shares of TopBuild from $469.00 to $527.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. The Goldman Sachs Group increased their price target on TopBuild from $419.00 to $429.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Truist Financial cut TopBuild from a “buy” rating to a “hold” rating and boosted their price objective for the company from $290.00 to $410.00 in a report on Thursday, January 4th. Finally, Benchmark raised their target price on TopBuild from $320.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, TopBuild has an average rating of “Moderate Buy” and an average target price of $418.90.

TopBuild Company Profile

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products.