Foundation Building Materials (NYSE:FBM) announced its earnings results on Monday. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.12, Bloomberg Earnings reports. Foundation Building Materials had a positive return on equity of 7.22% and a negative net margin of 0.35%. The firm had revenue of $559.91 million for the quarter, compared to analyst estimates of $574.68 million. During the same quarter last year, the firm posted $0.08 EPS. The business’s revenue was up 7.2% on a year-over-year basis. Foundation Building Materials updated its FY 2019 guidance to $0.80-1.00 EPS and its FY19 guidance to $0.80-1.00 EPS.
NYSE FBM traded down $0.59 during mid-day trading on Monday, hitting $16.35. The stock had a trading volume of 147,601 shares, compared to its average volume of 156,219. The stock’s 50 day moving average is $17.01. Foundation Building Materials has a twelve month low of $7.62 and a twelve month high of $18.21. The company has a debt-to-equity ratio of 1.86, a current ratio of 2.05 and a quick ratio of 1.40. The company has a market capitalization of $728.25 million, a PE ratio of 46.71 and a beta of 1.48.
A number of research analysts have recently issued reports on the company. Zacks Investment Research lowered Foundation Building Materials from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. ValuEngine upgraded Foundation Building Materials from a “sell” rating to a “hold” rating in a research report on Thursday, April 11th. Finally, TheStreet upgraded Foundation Building Materials from a “d+” rating to a “c” rating in a research report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Foundation Building Materials has an average rating of “Hold” and an average price target of $13.67.
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.
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