Wall Street analysts expect Foundation Building Materials Inc (NYSE:FBM) to report $0.25 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have issued estimates for Foundation Building Materials’ earnings. The highest EPS estimate is $0.29 and the lowest is $0.21. Foundation Building Materials reported earnings of $0.18 per share in the same quarter last year, which indicates a positive year over year growth rate of 38.9%. The business is scheduled to report its next quarterly earnings report on Thursday, August 8th.

On average, analysts expect that Foundation Building Materials will report full-year earnings of $0.90 per share for the current financial year, with EPS estimates ranging from $0.80 to $0.97. For the next financial year, analysts expect that the business will post earnings of $1.07 per share, with EPS estimates ranging from $0.89 to $1.17. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Foundation Building Materials.

Foundation Building Materials (NYSE:FBM) last released its quarterly earnings data on Monday, May 6th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.05. The business had revenue of $514.87 million during the quarter, compared to analysts’ expectations of $509.19 million. Foundation Building Materials had a positive return on equity of 7.22% and a negative net margin of 0.35%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.03) EPS.

A number of research analysts recently issued reports on FBM shares. Zacks Investment Research upgraded Foundation Building Materials from a “hold” rating to a “strong-buy” rating and set a $16.00 price objective for the company in a research note on Tuesday, April 30th. ValuEngine upgraded Foundation Building Materials from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. Barclays boosted their price objective on Foundation Building Materials from $11.00 to $12.00 and gave the company an “overweight” rating in a research note on Wednesday, February 27th. Finally, TheStreet upgraded Foundation Building Materials from a “d+” rating to a “c” rating in a research note on Friday, April 26th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $14.40.

A number of hedge funds and other institutional investors have recently bought and sold shares of FBM. Bank of New York Mellon Corp lifted its holdings in Foundation Building Materials by 19.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 54,648 shares of the company’s stock worth $682,000 after purchasing an additional 8,935 shares in the last quarter. BlackRock Inc. lifted its holdings in Foundation Building Materials by 3.3% in the 3rd quarter. BlackRock Inc. now owns 810,460 shares of the company’s stock worth $10,106,000 after purchasing an additional 26,238 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in Foundation Building Materials by 34.0% in the 3rd quarter. Macquarie Group Ltd. now owns 26,383 shares of the company’s stock worth $329,000 after purchasing an additional 6,700 shares in the last quarter. AQR Capital Management LLC purchased a new position in Foundation Building Materials in the 3rd quarter worth approximately $249,000. Finally, TIAA CREF Investment Management LLC lifted its holdings in Foundation Building Materials by 13.2% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 140,987 shares of the company’s stock worth $1,758,000 after purchasing an additional 16,393 shares in the last quarter. 90.48% of the stock is currently owned by institutional investors.

Shares of NYSE:FBM traded up $0.56 on Friday, hitting $15.87. 172,806 shares of the company’s stock were exchanged, compared to its average volume of 116,521. The stock has a market cap of $661.58 million, a P/E ratio of 45.34 and a beta of 1.86. Foundation Building Materials has a 1-year low of $7.62 and a 1-year high of $16.32. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.40 and a current ratio of 2.05.

About Foundation Building Materials

Foundation Building Materials, Inc distributes building products in the United States and Canada. It offers wallboard, suspended ceiling system, and metal framing products. The company also provides complementary and other products, tools, and accessories, such as wallboard accessories, stucco and finishing systems, safety accessories, fasteners, insulations, doors, and roofing products.

See Also: Price to Earnings Ratio (PE)

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Earnings History and Estimates for Foundation Building Materials (NYSE:FBM)

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