Wall Street brokerages expect Universal Forest Products, Inc. (NASDAQ:UFPI) to report earnings of $0.78 per share for the current quarter, according to Zacks. Two analysts have made estimates for Universal Forest Products’ earnings, with the lowest EPS estimate coming in at $0.77 and the highest estimate coming in at $0.78. Universal Forest Products reported earnings per share of $0.66 in the same quarter last year, which would suggest a positive year over year growth rate of 18.2%. The firm is expected to issue its next quarterly earnings results on Tuesday, October 15th.
On average, analysts expect that Universal Forest Products will report full year earnings of $2.86 per share for the current fiscal year, with EPS estimates ranging from $2.85 to $2.86. For the next financial year, analysts expect that the company will post earnings of $3.25 per share, with EPS estimates ranging from $3.24 to $3.25. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Universal Forest Products.
Universal Forest Products (NASDAQ:UFPI) last issued its quarterly earnings results on Wednesday, July 24th. The construction company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.81 by $0.07. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.30 billion. Universal Forest Products had a net margin of 3.63% and a return on equity of 14.42%. The firm’s revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 EPS.
In other news, insider Allen T. Peters sold 5,831 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $41.28, for a total transaction of $240,703.68. Following the completion of the sale, the insider now owns 103,132 shares of the company’s stock, valued at $4,257,288.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Michael F. Mordell sold 9,354 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $24.74, for a total transaction of $231,417.96. Following the sale, the vice president now directly owns 5,405 shares of the company’s stock, valued at approximately $133,719.70. The disclosure for this sale can be found here. In the last three months, insiders sold 47,935 shares of company stock valued at $1,734,059. 3.77% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Verition Fund Management LLC acquired a new stake in shares of Universal Forest Products during the second quarter worth about $220,000. United Services Automobile Association lifted its position in shares of Universal Forest Products by 7.1% during the second quarter. United Services Automobile Association now owns 113,258 shares of the construction company’s stock worth $4,311,000 after purchasing an additional 7,519 shares in the last quarter. BRYN MAWR TRUST Co acquired a new stake in shares of Universal Forest Products during the second quarter worth about $4,958,000. BMT Investment Advisors acquired a new stake in shares of Universal Forest Products during the second quarter worth about $1,608,000. Finally, Hillcrest Asset Management LLC lifted its position in shares of Universal Forest Products by 0.6% during the second quarter. Hillcrest Asset Management LLC now owns 397,488 shares of the construction company’s stock worth $15,128,000 after purchasing an additional 2,380 shares in the last quarter. 80.96% of the stock is owned by institutional investors and hedge funds.
NASDAQ UFPI traded up $1.36 on Friday, hitting $40.29. The company had a trading volume of 259,700 shares, compared to its average volume of 355,555. The company has a market capitalization of $2.42 billion, a PE ratio of 17.29, a PEG ratio of 2.77 and a beta of 1.89. The company’s fifty day moving average price is $38.39 and its 200-day moving average price is $34.39. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.89 and a quick ratio of 1.50. Universal Forest Products has a 12-month low of $24.14 and a 12-month high of $42.00.
Universal Forest Products Company Profile
Universal Forest Products, Inc, through its subsidiaries, designs, manufactures, and markets wood and wood-alternative products in North America, Europe, Asia, and Australia. The company offers preserved and unpreserved dimensional lumber; outdoor living products, including wood and wood composite decking and related accessories, and decorative lawn and garden products; and engineered wood components, which include roof and floor trusses, wall panels, engineered floor systems, I-joists, and lumber packages.
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