FY2017 EPS Estimates for NCI Building Systems, Inc. (NCS) Lowered by Analyst

NCI Building Systems, Inc. (NYSE:NCS) – Seaport Global Securities lowered their FY2017 earnings per share estimates for NCI Building Systems in a research report issued on Sunday. Seaport Global Securities analyst M. Mccall now forecasts that the construction company will post earnings per share of $0.80 for the year, down from their prior estimate of $1.05. Seaport Global Securities also issued estimates for NCI Building Systems’ Q4 2017 earnings at $0.32 EPS, Q3 2018 earnings at $0.42 EPS and FY2018 earnings at $1.10 EPS.

Several other research firms have also commented on NCS. Zacks Investment Research lowered NCI Building Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Royal Bank Of Canada reiterated a “buy” rating and issued a $20.00 price target on shares of NCI Building Systems in a research report on Tuesday, July 18th. TheStreet upgraded NCI Building Systems from a “c” rating to a “b-” rating in a research report on Tuesday, June 6th. BidaskClub lowered NCI Building Systems from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. Finally, Barclays PLC reiterated a “buy” rating and issued a $16.00 price target (down previously from $19.00) on shares of NCI Building Systems in a research report on Friday, September 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $18.30.

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Shares of NCI Building Systems (NYSE:NCS) opened at 13.70 on Wednesday. The stock has a 50 day moving average price of $16.90 and a 200-day moving average price of $16.85. The company has a market cap of $971.32 million, a price-to-earnings ratio of 15.99 and a beta of 1.53. NCI Building Systems has a 1-year low of $13.05 and a 1-year high of $18.60.

NCI Building Systems (NYSE:NCS) last released its earnings results on Wednesday, September 6th. The construction company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). NCI Building Systems had a net margin of 3.18% and a return on equity of 18.31%. The company had revenue of $469.40 million during the quarter, compared to the consensus estimate of $495.21 million. During the same period last year, the firm posted $0.33 EPS. The company’s revenue was up 1.5% on a year-over-year basis.

In other NCI Building Systems news, Director James S. Metcalf bought 30,000 shares of the company’s stock in a transaction on Monday, September 11th. The stock was acquired at an average price of $13.42 per share, for a total transaction of $402,600.00. Following the completion of the transaction, the director now directly owns 30,000 shares of the company’s stock, valued at $402,600. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Norman C. Chambers sold 45,000 shares of the business’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $17.74, for a total value of $798,300.00. Following the transaction, the insider now owns 476,403 shares of the company’s stock, valued at approximately $8,451,389.22. The disclosure for this sale can be found here. Company insiders own 1.78% of the company’s stock.

Large investors have recently made changes to their positions in the business. Victory Capital Management Inc. boosted its position in shares of NCI Building Systems by 22.3% during the first quarter. Victory Capital Management Inc. now owns 6,594 shares of the construction company’s stock valued at $113,000 after buying an additional 1,203 shares during the period. Legal & General Group Plc boosted its position in shares of NCI Building Systems by 41.0% during the second quarter. Legal & General Group Plc now owns 8,802 shares of the construction company’s stock valued at $147,000 after buying an additional 2,559 shares during the period. Quantbot Technologies LP purchased a new position in shares of NCI Building Systems during the second quarter valued at approximately $160,000. Eqis Capital Management Inc. purchased a new position in shares of NCI Building Systems during the second quarter valued at approximately $186,000. Finally, Airain ltd purchased a new position in shares of NCI Building Systems during the second quarter valued at approximately $202,000. Institutional investors and hedge funds own 93.82% of the company’s stock.

About NCI Building Systems

NCI Building Systems, Inc is a manufacturer and marketer of metal products in North America. The Company’s operating segments include Engineered building systems, Metal components and Metal coil coating. The Engineered building systems segment is engaged in the manufacturing of main frames and long bay systems, and engineering and drafting.

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

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