Zacks: Brokerages Anticipate NCI Building Systems Inc (NCS) Will Post Quarterly Sales of $565.60 Million

Brokerages predict that NCI Building Systems Inc (NYSE:NCS) will announce sales of $565.60 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for NCI Building Systems’ earnings, with estimates ranging from $561.20 million to $570.00 million. NCI Building Systems posted sales of $488.73 million during the same quarter last year, which suggests a positive year-over-year growth rate of 15.7%. The firm is expected to report its next quarterly earnings results on Wednesday, December 5th.

According to Zacks, analysts expect that NCI Building Systems will report full-year sales of $1.99 billion for the current financial year, with estimates ranging from $1.99 billion to $2.00 billion. For the next year, analysts anticipate that the business will post sales of $2.14 billion, with estimates ranging from $2.11 billion to $2.17 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for NCI Building Systems.

NCI Building Systems (NYSE:NCS) last released its quarterly earnings data on Tuesday, August 28th. The construction company reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.03. The company had revenue of $548.50 million during the quarter, compared to the consensus estimate of $534.27 million. NCI Building Systems had a net margin of 2.77% and a return on equity of 29.00%. NCI Building Systems’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same period last year, the firm earned $0.27 EPS.

NCS has been the subject of several analyst reports. ValuEngine raised shares of NCI Building Systems from a “sell” rating to a “hold” rating in a report on Thursday, August 30th. Barclays cut shares of NCI Building Systems from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $24.00 to $19.00 in a research note on Friday, July 20th. TheStreet cut shares of NCI Building Systems from a “b-” rating to a “c+” rating in a research note on Wednesday, August 15th. Finally, Citigroup lowered their target price on shares of NCI Building Systems from $22.00 to $17.00 and set a “$16.05” rating on the stock in a research note on Monday, July 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $19.67.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Chicago Equity Partners LLC lifted its stake in NCI Building Systems by 4.5% in the 3rd quarter. Chicago Equity Partners LLC now owns 120,330 shares of the construction company’s stock worth $1,823,000 after purchasing an additional 5,175 shares in the last quarter. SG Americas Securities LLC purchased a new stake in NCI Building Systems in the 2nd quarter worth approximately $136,000. Northern Trust Corp lifted its stake in NCI Building Systems by 1.3% in the 2nd quarter. Northern Trust Corp now owns 552,919 shares of the construction company’s stock worth $11,611,000 after purchasing an additional 7,042 shares in the last quarter. California Public Employees Retirement System lifted its stake in NCI Building Systems by 23.7% in the 2nd quarter. California Public Employees Retirement System now owns 46,319 shares of the construction company’s stock worth $973,000 after purchasing an additional 8,869 shares in the last quarter. Finally, IndexIQ Advisors LLC lifted its stake in NCI Building Systems by 7.8% in the 2nd quarter. IndexIQ Advisors LLC now owns 123,582 shares of the construction company’s stock worth $2,595,000 after purchasing an additional 8,942 shares in the last quarter. Institutional investors and hedge funds own 94.77% of the company’s stock.

NCS opened at $13.74 on Thursday. The company has a market capitalization of $900.37 million, a P/E ratio of 11.15, a price-to-earnings-growth ratio of 0.74 and a beta of 1.51. NCI Building Systems has a 12 month low of $11.95 and a 12 month high of $23.35. The company has a quick ratio of 0.85, a current ratio of 1.58 and a debt-to-equity ratio of 1.35.

NCI Building Systems Company Profile

NCI Building Systems, Inc, together with its subsidiaries, designs, engineers, manufactures, and markets metal products for the nonresidential construction industry in North America. It operates through three segments: Engineered Building Systems, Metal Components, and Metal Coil Coating. The Engineered Building Systems segment offers engineered structural members and panels; and self-storage building systems under the Metallic, Mid-West Steel, A & S, All American, Mesco, Star, Ceco, Robertson, Garco, Heritage, and SteelBuilding.com brands to builders, general contractors, developers, and end users directly, as well as through private label companies.

Read More: Ex-Dividend

Get a free copy of the Zacks research report on NCI Building Systems (NCS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for NCI Building Systems (NYSE:NCS)

Receive News & Ratings for NCI Building Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NCI Building Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply