TopBuild (NYSE:BLD) Posts Earnings Results, Beats Estimates By $0.06 EPS

TopBuild (NYSE:BLD) issued its quarterly earnings data on Tuesday. The construction company reported $5.68 earnings per share for the quarter, beating analysts’ consensus estimates of $5.62 by $0.06, Zacks reports. TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the business posted $5.43 earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. TopBuild updated its FY 2024 guidance to EPS.

TopBuild Stock Up 1.3 %

Shares of BLD traded up $4.83 during mid-day trading on Thursday, hitting $376.00. 20,251 shares of the company traded hands, compared to its average volume of 287,371. The company has a market capitalization of $11.34 billion, a PE ratio of 19.09, a price-to-earnings-growth ratio of 2.21 and a beta of 1.79. The company has a quick ratio of 1.82, a current ratio of 2.34 and a debt-to-equity ratio of 0.57. The business has a 50 day moving average of $385.53 and a 200 day moving average of $399.50. TopBuild has a 1-year low of $262.64 and a 1-year high of $495.68.

Wall Street Analyst Weigh In

Several analysts have issued reports on BLD shares. Jefferies Financial Group decreased their price objective on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Truist Financial decreased their price objective on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Stephens decreased their price objective on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Finally, Evercore ISI decreased their price objective on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research note on Wednesday. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $441.56.

About TopBuild

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.