UFP Industries (UFPI) Scheduled to Post Earnings on Tuesday

UFP Industries (NASDAQ:UFPI) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $1.82 per share for the quarter.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings results on Tuesday, July 30th. The construction company reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.02. UFP Industries had a return on equity of 15.86% and a net margin of 7.02%. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the previous year, the firm earned $2.36 EPS. The business’s quarterly revenue was down 6.9% on a year-over-year basis. 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 Down 0.0 %

Shares of NASDAQ UFPI opened at $130.00 on Thursday. The firm’s fifty day moving average is $126.07 and its 200 day moving average is $120.18. UFP Industries has a 52 week low of $90.62 and a 52 week high of $139.54. The company has a quick ratio of 3.18, a current ratio of 4.34 and a debt-to-equity ratio of 0.07. The company has a market cap of $7.92 billion, a price-to-earnings ratio of 16.82 and a beta of 1.39.

Analysts Set New Price Targets

Several brokerages have recently commented on UFPI. Wedbush raised shares of UFP Industries from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $120.00 to $155.00 in a research note on Tuesday, October 8th. Benchmark lifted their price objective on UFP Industries from $133.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Stifel Nicolaus upped their target price on UFP Industries from $125.00 to $157.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. StockNews.com lowered shares of UFP Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, July 5th. Finally, BMO Capital Markets lifted their target price on shares of UFP Industries from $115.00 to $125.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $139.60.

About UFP Industries

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.