Brokerages expect Universal Forest Products, Inc. (NASDAQ:UFPI) to announce earnings of $0.51 per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Universal Forest Products’ earnings. The highest EPS estimate is $0.55 and the lowest is $0.46. Universal Forest Products reported earnings of $0.41 per share in the same quarter last year, which would suggest a positive year over year growth rate of 24.4%. The firm is expected to announce its next quarterly earnings report on Thursday, February 28th.

According to Zacks, analysts expect that Universal Forest Products will report full-year earnings of $2.40 per share for the current fiscal year, with EPS estimates ranging from $2.35 to $2.44. For the next fiscal year, analysts forecast that the company will report earnings of $2.76 per share, with EPS estimates ranging from $2.65 to $2.87. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Universal Forest Products.

Universal Forest Products (NASDAQ:UFPI) last released its earnings results on Tuesday, October 16th. The construction company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.07). The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. Universal Forest Products had a net margin of 3.34% and a return on equity of 13.35%. The business’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 earnings per share.

Several analysts recently weighed in on the company. ValuEngine downgraded Universal Forest Products from a “hold” rating to a “sell” rating in a research report on Tuesday, September 4th. Zacks Investment Research upgraded Universal Forest Products from a “sell” rating to a “hold” rating in a research report on Monday, August 20th. Finally, BidaskClub upgraded Universal Forest Products from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $41.33.

Shares of UFPI stock traded up $0.20 on Friday, hitting $27.07. 455,487 shares of the company’s stock were exchanged, compared to its average volume of 295,214. The company has a quick ratio of 1.50, a current ratio of 2.92 and a debt-to-equity ratio of 0.17. Universal Forest Products has a 12 month low of $25.99 and a 12 month high of $39.41. The company has a market cap of $1.66 billion, a P/E ratio of 14.71, a P/E/G ratio of 2.32 and a beta of 1.84.

The company also recently announced a quarterly dividend, which will be paid on Saturday, December 15th. Shareholders of record on Saturday, December 1st will be given a $0.18 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.72 annualized dividend and a yield of 2.66%. Universal Forest Products’s dividend payout ratio is presently 19.57%.

In other Universal Forest Products news, EVP Robert D. Coleman sold 10,000 shares of the stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $37.90, for a total value of $379,000.00. Following the completion of the transaction, the executive vice president now directly owns 5,040 shares in the company, valued at $191,016. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.40% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its position in Universal Forest Products by 4.9% in the third quarter. BlackRock Inc. now owns 11,093,066 shares of the construction company’s stock valued at $391,918,000 after purchasing an additional 515,543 shares during the last quarter. Vanguard Group Inc. raised its position in Universal Forest Products by 2.0% in the third quarter. Vanguard Group Inc. now owns 5,944,007 shares of the construction company’s stock valued at $210,001,000 after purchasing an additional 113,713 shares during the last quarter. Victory Capital Management Inc. raised its position in Universal Forest Products by 96.1% in the third quarter. Victory Capital Management Inc. now owns 1,880,250 shares of the construction company’s stock valued at $66,429,000 after purchasing an additional 921,353 shares during the last quarter. Northern Trust Corp raised its position in Universal Forest Products by 4.0% in the second quarter. Northern Trust Corp now owns 1,165,755 shares of the construction company’s stock valued at $42,690,000 after purchasing an additional 44,638 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Universal Forest Products by 26.8% in the second quarter. PNC Financial Services Group Inc. now owns 922,417 shares of the construction company’s stock valued at $33,780,000 after purchasing an additional 194,852 shares during the last quarter. Hedge funds and other institutional investors own 80.97% of the company’s stock.

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 composite decking, 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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Earnings History and Estimates for Universal Forest Products (NASDAQ:UFPI)

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