TopBuild Corp (BLD) Expected to Announce Earnings of $1.24 Per Share

Wall Street analysts forecast that TopBuild Corp (NYSE:BLD) will post $1.24 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for TopBuild’s earnings. The lowest EPS estimate is $1.22 and the highest is $1.26. TopBuild reported earnings of $0.84 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 47.6%. The business is scheduled to report its next quarterly earnings report on Tuesday, February 26th.

On average, analysts expect that TopBuild will report full-year earnings of $4.22 per share for the current fiscal year, with EPS estimates ranging from $4.20 to $4.26. For the next fiscal year, analysts anticipate that the firm will post earnings of $4.99 per share, with EPS estimates ranging from $4.72 to $5.19. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow TopBuild.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, November 6th. The construction company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.01. The company had revenue of $647.30 million for the quarter, compared to analyst estimates of $643.65 million. TopBuild had a return on equity of 13.22% and a net margin of 8.96%. The business’s revenue was up 32.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.83 earnings per share.

A number of equities analysts have commented on BLD shares. Jefferies Financial Group reissued a “buy” rating and issued a $98.00 price objective on shares of TopBuild in a research note on Friday, July 20th. SunTrust Banks reduced their price objective on TopBuild to $70.00 and set a “buy” rating on the stock in a research note on Wednesday. KeyCorp set a $81.00 price objective on TopBuild and gave the stock a “buy” rating in a research note on Monday, August 27th. Stephens reissued a “buy” rating and issued a $87.00 price objective on shares of TopBuild in a research note on Thursday, August 16th. Finally, Seaport Global Securities reissued a “buy” rating and issued a $94.00 price objective on shares of TopBuild in a research note on Sunday, August 12th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $84.70.

TopBuild stock opened at $51.31 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.18 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 18.46 and a beta of 0.77. TopBuild has a 52 week low of $42.18 and a 52 week high of $87.21.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of TopBuild by 2.3% during the third quarter. BlackRock Inc. now owns 5,438,637 shares of the construction company’s stock worth $309,024,000 after acquiring an additional 123,898 shares during the last quarter. FMR LLC raised its position in shares of TopBuild by 1.9% during the third quarter. FMR LLC now owns 2,127,215 shares of the construction company’s stock worth $120,868,000 after acquiring an additional 38,754 shares during the last quarter. Investec Asset Management LTD bought a new stake in shares of TopBuild during the second quarter worth $68,649,000. Victory Capital Management Inc. bought a new stake in shares of TopBuild during the second quarter worth $67,350,000. Finally, Northern Trust Corp raised its position in shares of TopBuild by 9.9% during the second quarter. Northern Trust Corp now owns 544,950 shares of the construction company’s stock worth $42,691,000 after acquiring an additional 49,153 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

TopBuild Company Profile

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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