Foundation Building Materials (NYSE:FBM) Issues FY19 Earnings Guidance

Foundation Building Materials (NYSE:FBM) updated its FY19 earnings guidance on Monday. The company provided EPS guidance of $0.80-1.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.89. The company issued revenue guidance of $2.10-2.25 billion, compared to the consensus revenue estimate of $2.22 billion.Foundation Building Materials also updated its FY 2019 guidance to $0.80-1.00 EPS.

Several analysts have recently commented on the company. Zacks Investment Research cut Foundation Building Materials from a buy rating to a hold rating in a report on Monday, July 29th. ValuEngine upgraded Foundation Building Materials from a sell rating to a hold rating in a report on Thursday, April 11th. Finally, TheStreet upgraded Foundation Building Materials from a d+ rating to a c rating in a report on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $13.67.

Foundation Building Materials stock traded up $0.58 during mid-day trading on Tuesday, hitting $16.93. The stock had a trading volume of 58,608 shares, compared to its average volume of 197,026. The firm’s 50-day moving average is $17.01. The firm has a market cap of $728.21 million, a PE ratio of 48.40 and a beta of 1.48. Foundation Building Materials has a 12 month low of $7.62 and a 12 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.

Foundation Building Materials (NYSE:FBM) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.12. The business had revenue of $559.91 million for the quarter, compared to analysts’ expectations of $574.68 million. Foundation Building Materials had a positive return on equity of 7.22% and a negative net margin of 0.35%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.08 earnings per share. Research analysts forecast that Foundation Building Materials will post 0.8 earnings per share for the current year.

Foundation Building Materials Company Profile

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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Earnings History and Estimates for Foundation Building Materials (NYSE:FBM)

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