Brokerages expect UFP Industries, Inc. (NASDAQ:UFPI) to post EPS of $2.01


Analysts expect UFP Industries, Inc. (NASDAQ:UFPI – Get Rating) to post earnings per share (EPS) of $2.01 for the current quarter, according to Zacks Investment Research. Two analysts provided earnings estimates for UFP Industries, with estimates ranging from $1.88 to $2.15. UFP Industries reported earnings per share of $1.67 in the same quarter last year, which would indicate a positive growth rate of 20.4% year over year. The company is expected to release its next quarterly earnings report after the market closes on Monday, January 1.

According to Zacks, analysts expect UFP Industries to report annual earnings of $8.50 per share for the current fiscal year, with EPS estimates ranging from $7.60 to $9.28. For the next fiscal year, analysts expect the company to post earnings of $8.57 per share, with EPS estimates ranging from $7.28 to $9.45. Zacks Investment Research’s earnings per share averages are an average average based on a survey of sell-side analysts who cover UFP Industries.

UFP Industries (NASDAQ:UFPI – Get Rating) last reported results on Wednesday, February 16. The construction company reported earnings per share of $2.19 for the quarter, beating Thomson Reuters consensus estimate of $1.25 from $0.94. UFP Industries posted a net margin of 6.20% and a return on equity of 28.94%. The company posted revenue of $2.02 billion in the quarter, compared to $1.73 billion expected by analysts. In the same quarter last year, the company earned earnings per share of $1.02. The company’s revenue increased 44.7% year over year.

Several research analysts have recently published reports on UFPI shares. Wedbush raised its price target on UFP Industries shares from $85.00 to $92.00 in a Thursday, February 17 research report. DA Davidson lowered its price target on UFP Industries shares from $110.00 to $93.00 in a report on Thursday. Finally, StockNews.com launched coverage on UFP Industries shares in a Thursday, March 31 report. They set a “buy” rating for the company. Two equity research analysts gave the stock a hold rating, four gave the company a buy rating and one gave the company a high buy rating. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $90.86.

Separately, CEO Matthew J. Missad sold 300 shares of the company in a trade on Friday, March 4. The stock was sold at an average price of $85.01, for a total transaction of $25,503.00. The sale was disclosed in an SEC filing, available on the SEC’s website. Additionally, CEO Matthew J. Missad sold 10,000 shares of the company in a trade on Friday, March 11. The shares were sold at an average price of $84.37, for a total value of $843,700.00. The disclosure of this sale can be found here. Insiders sold a total of 33,535 shares of the company valued at $2,839,871 over the past three months. Insiders hold 3.74% of the shares of the company.

Institutional investors and hedge funds have recently changed their holdings in the company. BlackRock Inc. increased its stake in UFP Industries by 2.8% in the fourth quarter. BlackRock Inc. now owns 9,600,272 shares of the construction company valued at $883,322,000 after purchasing an additional 263,179 shares in the last quarter. Franklin Resources Inc. increased its stake in UFP Industries by 16.6% in the third quarter. Franklin Resources Inc. now owns 1,940,079 shares of the construction company valued at $131,886,000 after purchasing an additional 275,618 shares in the last quarter. Victory Capital Management Inc. increased its stake in UFP Industries by 7.6% in the fourth quarter. Victory Capital Management Inc. now owns 1,795,784 shares of the construction company valued at $165,231,000 after purchasing an additional 127,311 shares in the last quarter. Northern Trust Corp increased its stake in UFP Industries by 1.3% in the fourth quarter. Northern Trust Corp now owns 986,884 shares of the construction company valued at $90,803,000 after buying an additional 12,947 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in UFP Industries shares by 1.9% in the third quarter. Bank of New York Mellon Corp now owns 727,548 shares of the construction company worth $49,459,000 after acquiring 13,643 more shares last quarter. 81.66% of the shares are currently held by institutional investors and hedge funds.

NASDAQ: UFPI traded at $5.33 during Friday’s midday session, hitting $73.24. The company’s stock had a trading volume of 598,675 shares, compared to an average volume of 376,308. UFP Industries has a fifty-two week low of $67.50 and a fifty-two week high of 94.80 $. The company has a current ratio of 2.67, a quick ratio of 1.43 and a debt ratio of 0.14. The company has a market capitalization of $4.55 billion, a price-earnings ratio of 8.53 and a beta of 1.50. The stock has a fifty-day moving average of $81.46 and a 200-day moving average of $83.21.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15. Shareholders of record on Tuesday, March 1 received a dividend of $0.20. This represents a dividend of $0.80 on an annualized basis and a yield of 1.09%. This is a positive change from UFP Industries’ previous quarterly dividend of $0.13. The ex-dividend date was Monday, February 28. UFP Industries’ dividend payout ratio (DPR) is currently 9.31%.

UFP Industries Company Profile (Get a rating)

UFP Industries, Inc, through its subsidiaries, designs, manufactures and markets wood and wood-based products in North America, Europe, Asia and Australia. It operates through the retail, industrial and construction segments. The Retail segment offers preserved and unpreserved dimensional lumber; and outdoor living products, including wood and composite wood decking and related accessories, decorative lawn, garden, craft and hobby products.

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Earnings history and estimates for UFP Industries (NASDAQ:UFPI)



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