$1.21 Earnings Per Share Expected for TopBuild Corp (BLD) This Quarter

Equities research analysts expect that TopBuild Corp (NYSE:BLD) will announce earnings of $1.21 per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for TopBuild’s earnings, with the highest EPS estimate coming in at $1.23 and the lowest estimate coming in at $1.17. TopBuild posted earnings per share of $0.83 during the same quarter last year, which suggests a positive year-over-year growth rate of 45.8%. The business is expected to announce its next quarterly earnings results on Tuesday, November 6th.

According to Zacks, analysts expect that TopBuild will report full-year earnings of $4.16 per share for the current year, with EPS estimates ranging from $4.06 to $4.31. For the next year, analysts forecast that the company will report earnings of $4.99 per share, with EPS estimates ranging from $4.80 to $5.23. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that cover TopBuild.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, August 7th. The construction company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.08. TopBuild had a net margin of 9.10% and a return on equity of 12.42%. The firm had revenue of $605.97 million for the quarter, compared to analysts’ expectations of $594.43 million.

Several equities analysts recently issued reports on the stock. Stephens reiterated a “buy” rating and set a $87.00 price target on shares of TopBuild in a research report on Thursday. Zacks Investment Research upgraded shares of TopBuild from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a research report on Thursday, May 10th. MKM Partners assumed coverage on shares of TopBuild in a research report on Wednesday, June 27th. They set a “buy” rating and a $99.00 price target on the stock. ValuEngine cut shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Finally, SunTrust Banks boosted their price target on shares of TopBuild to $90.00 and gave the company a “buy” rating in a research report on Wednesday, May 9th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $94.25.

Shares of NYSE BLD traded up $0.49 during midday trading on Thursday, hitting $73.77. 198,300 shares of the company traded hands, compared to its average volume of 287,513. TopBuild has a 12-month low of $54.52 and a 12-month high of $87.21. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.56 and a quick ratio of 1.18. The stock has a market capitalization of $2.72 billion, a P/E ratio of 26.54 and a beta of 0.50.

In related news, insider Robert M. Buck sold 17,766 shares of the business’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $77.40, for a total transaction of $1,375,088.40. Following the transaction, the insider now owns 62,696 shares in the company, valued at $4,852,670.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP John S. Peterson sold 1,887 shares of the business’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $77.28, for a total transaction of $145,827.36. Following the transaction, the vice president now owns 33,927 shares in the company, valued at approximately $2,621,878.56. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Mount Yale Investment Advisors LLC purchased a new stake in TopBuild in the first quarter worth about $153,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in TopBuild by 148.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,113 shares of the construction company’s stock worth $161,000 after purchasing an additional 1,261 shares during the period. Royal Bank of Canada grew its holdings in TopBuild by 44.4% in the first quarter. Royal Bank of Canada now owns 2,600 shares of the construction company’s stock worth $199,000 after purchasing an additional 800 shares during the period. Koch Industries Inc. purchased a new stake in TopBuild in the first quarter worth about $210,000. Finally, Cim Investment Mangement Inc. purchased a new stake in TopBuild in the second quarter worth about $210,000. Institutional investors and hedge funds own 94.32% of the company’s stock.

About TopBuild

TopBuild Corp. engages in the installation, distribution, and sale of insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers rain gutters, garage doors, fireplaces, fireproofing and firestopping products, shower enclosures, closet shelves, accessories, and other building products; and residential insulation services.

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