Analysts forecast that Universal Forest Products, Inc. (NASDAQ:UFPI) will announce sales of $1.20 billion for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Universal Forest Products’ earnings, with estimates ranging from $1.18 billion to $1.21 billion. Universal Forest Products reported sales of $1.21 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 0.8%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, October 15th.
According to Zacks, analysts expect that Universal Forest Products will report full-year sales of $4.54 billion for the current fiscal year, with estimates ranging from $4.53 billion to $4.56 billion. For the next financial year, analysts forecast that the company will report sales of $4.72 billion, with estimates ranging from $4.71 billion to $4.72 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Universal Forest Products.
Universal Forest Products (NASDAQ:UFPI) last posted its earnings results on Wednesday, July 24th. The construction company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.07. Universal Forest Products had a net margin of 3.63% and a return on equity of 14.42%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. Universal Forest Products’s quarterly revenue was down 4.2% compared to the same quarter last year.
In related news, VP Michael F. Mordell sold 9,354 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $24.74, for a total value of $231,417.96. Following the completion of the transaction, the vice president now owns 5,405 shares in the company, valued at approximately $133,719.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew J. Missad sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $35.75, for a total transaction of $429,000.00. Following the completion of the transaction, the chief executive officer now owns 246,381 shares of the company’s stock, valued at approximately $8,808,120.75. The disclosure for this sale can be found here. Insiders sold a total of 59,994 shares of company stock valued at $2,181,064 in the last 90 days. 3.77% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc raised its position in Universal Forest Products by 35.5% in the 1st quarter. Versant Capital Management Inc now owns 1,513 shares of the construction company’s stock worth $45,000 after purchasing an additional 396 shares during the last quarter. Strs Ohio acquired a new stake in Universal Forest Products during the 2nd quarter worth $60,000. Amundi Pioneer Asset Management Inc. acquired a new stake in Universal Forest Products during the 1st quarter worth $140,000. Public Employees Retirement System of Ohio grew its holdings in Universal Forest Products by 8.9% during the 4th quarter. Public Employees Retirement System of Ohio now owns 5,740 shares of the construction company’s stock worth $149,000 after acquiring an additional 470 shares during the period. Finally, First Citizens Bank & Trust Co. acquired a new stake in Universal Forest Products during the 1st quarter worth $204,000. Hedge funds and other institutional investors own 80.63% of the company’s stock.
Shares of NASDAQ:UFPI traded up $0.04 during trading on Friday, reaching $40.47. The stock had a trading volume of 8,495 shares, compared to its average volume of 263,766. Universal Forest Products has a 52 week low of $24.14 and a 52 week high of $42.00. The firm has a 50-day simple moving average of $37.40. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.89 and a quick ratio of 1.50. The company has a market cap of $2.51 billion, a PE ratio of 17.31, a PEG ratio of 2.87 and a beta of 1.91.
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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