TopBuild Corp (BLD) Expected to Post Earnings of $0.82 Per Share

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Equities research analysts predict that TopBuild Corp (NYSE:BLD) will announce $0.82 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for TopBuild’s earnings, with the lowest EPS estimate coming in at $0.81 and the highest estimate coming in at $0.83. TopBuild reported earnings per share of $0.73 in the same quarter last year, which would indicate a positive year over year growth rate of 12.3%. The company is expected to issue its next quarterly earnings results before the market opens on Tuesday, May 7th.

On average, analysts expect that TopBuild will report full year earnings of $4.53 per share for the current year, with EPS estimates ranging from $4.12 to $4.79. For the next financial year, analysts forecast that the firm will report earnings of $5.19 per share, with EPS estimates ranging from $4.94 to $5.41. Zacks’ EPS averages are a mean average based on a survey of research firms that follow TopBuild.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, February 26th. The construction company reported $1.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.01. The business had revenue of $639.55 million during the quarter, compared to analyst estimates of $647.95 million. TopBuild had a net margin of 5.65% and a return on equity of 14.12%. The company’s quarterly revenue was up 27.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.84 earnings per share.

Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of TopBuild from a “sell” rating to a “hold” rating in a research report on Wednesday, February 13th. Macquarie raised shares of TopBuild from a “neutral” rating to an “outperform” rating in a research report on Thursday, March 7th. ValuEngine raised shares of TopBuild from a “sell” rating to a “hold” rating in a research report on Thursday, March 7th. Buckingham Research assumed coverage on shares of TopBuild in a research report on Monday, February 25th. They issued a “buy” rating and a $69.00 price objective for the company. Finally, SunTrust Banks lowered shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Tuesday, January 15th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $78.91.

Shares of TopBuild stock opened at $73.71 on Friday. The company has a market capitalization of $2.55 billion, a P/E ratio of 17.59, a P/E/G ratio of 0.65 and a beta of 1.08. The company has a quick ratio of 1.21, a current ratio of 1.59 and a debt-to-equity ratio of 0.67. TopBuild has a 52 week low of $41.27 and a 52 week high of $87.21.

In other TopBuild news, VP John S. Peterson sold 10,930 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $60.36, for a total transaction of $659,734.80. Following the completion of the transaction, the vice president now directly owns 45,126 shares of the company’s stock, valued at approximately $2,723,805.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Robert M. Buck sold 14,677 shares of the firm’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $58.66, for a total transaction of $860,952.82. Following the transaction, the chief operating officer now directly owns 60,142 shares of the company’s stock, valued at $3,527,929.72. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC grew its stake in shares of TopBuild by 359.2% during the 3rd quarter. Renaissance Technologies LLC now owns 143,716 shares of the construction company’s stock worth $8,166,000 after purchasing an additional 112,416 shares during the period. Deutsche Bank AG grew its stake in shares of TopBuild by 101.5% during the 3rd quarter. Deutsche Bank AG now owns 237,743 shares of the construction company’s stock worth $13,507,000 after purchasing an additional 119,767 shares during the period. Paloma Partners Management Co acquired a new stake in shares of TopBuild during the 3rd quarter worth approximately $222,000. Man Group plc grew its stake in shares of TopBuild by 179.3% during the 3rd quarter. Man Group plc now owns 67,408 shares of the construction company’s stock worth $3,830,000 after purchasing an additional 43,272 shares during the period. Finally, MetLife Investment Advisors LLC grew its stake in shares of TopBuild by 55.8% during the 3rd quarter. MetLife Investment Advisors LLC now owns 24,244 shares of the construction company’s stock worth $1,378,000 after purchasing an additional 8,680 shares during the period. 94.96% of the stock is owned by institutional investors.

TopBuild Company Profile

TopBuild Corp. engages in the installation, distribution, and sale of insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers rain gutters, garage doors, fireplaces, fireproofing and firestopping products, shower enclosures, closet shelves, accessories, and other building products; and residential insulation services.

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Earnings History and Estimates for TopBuild (NYSE:BLD)

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