Analysts Anticipate NCI Building Systems (NCS) Will Post Earnings of $0.18 Per Share

Equities research analysts predict that NCI Building Systems (NYSE:NCS) will post earnings of $0.18 per share for the current quarter, Zacks reports. Two analysts have issued estimates for NCI Building Systems’ earnings. The lowest EPS estimate is $0.16 and the highest is $0.20. NCI Building Systems reported earnings of $0.16 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.5%. The business is scheduled to issue its next earnings report on Tuesday, June 5th.

According to Zacks, analysts expect that NCI Building Systems will report full-year earnings of $1.23 per share for the current financial year, with EPS estimates ranging from $1.08 to $1.32. For the next year, analysts forecast that the firm will post earnings of $1.71 per share, with EPS estimates ranging from $1.60 to $1.85. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow NCI Building Systems.

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NCI Building Systems (NYSE:NCS) last posted its quarterly earnings results on Tuesday, March 6th. The construction company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. NCI Building Systems had a return on equity of 21.00% and a net margin of 3.21%. The company had revenue of $421.30 million during the quarter, compared to analysts’ expectations of $402.81 million. During the same quarter in the previous year, the firm earned $0.05 EPS. NCI Building Systems’s revenue was up 7.6% on a year-over-year basis.

A number of equities analysts have recently commented on the company. ValuEngine raised NCI Building Systems from a “hold” rating to a “buy” rating in a report on Thursday, March 29th. Stephens reissued a “hold” rating and set a $20.00 price target on shares of NCI Building Systems in a report on Thursday, March 15th. Barclays restated an “overweight” rating on shares of NCI Building Systems in a research report on Thursday, March 8th. Royal Bank of Canada restated a “buy” rating and set a $20.00 price objective on shares of NCI Building Systems in a research report on Thursday, March 8th. Finally, Citigroup reduced their price objective on NCI Building Systems from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NCS. Millennium Management LLC bought a new stake in shares of NCI Building Systems in the 4th quarter valued at about $37,432,000. Goldman Sachs Group Inc. grew its position in shares of NCI Building Systems by 757.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,424,286 shares of the construction company’s stock valued at $27,489,000 after buying an additional 1,258,255 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of NCI Building Systems by 25.4% in the 4th quarter. Renaissance Technologies LLC now owns 2,675,820 shares of the construction company’s stock valued at $51,643,000 after buying an additional 542,320 shares during the last quarter. Two Sigma Investments LP grew its position in shares of NCI Building Systems by 1,627.0% in the 4th quarter. Two Sigma Investments LP now owns 515,453 shares of the construction company’s stock valued at $9,948,000 after buying an additional 485,607 shares during the last quarter. Finally, Deutsche Bank AG grew its position in shares of NCI Building Systems by 325.2% in the 4th quarter. Deutsche Bank AG now owns 596,315 shares of the construction company’s stock valued at $11,507,000 after buying an additional 456,068 shares during the last quarter. Hedge funds and other institutional investors own 95.71% of the company’s stock.

NCI Building Systems stock opened at $17.35 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.60 and a debt-to-equity ratio of 1.46. NCI Building Systems has a 52 week low of $13.05 and a 52 week high of $21.20. The firm has a market cap of $1,147.58, a PE ratio of 19.49, a price-to-earnings-growth ratio of 1.41 and a beta of 1.44.

NCI Building Systems announced that its board has approved a share repurchase plan on Wednesday, March 7th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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About NCI Building Systems

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.

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

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