Equities analysts expect Foundation Building Materials Inc (NYSE:FBM) to announce $538.39 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Foundation Building Materials’ earnings. The lowest sales estimate is $533.64 million and the highest is $552.00 million. Foundation Building Materials reported sales of $516.16 million in the same quarter last year, which indicates a positive year-over-year growth rate of 4.3%. The firm is scheduled to announce its next quarterly earnings report on Monday, February 24th.

According to Zacks, analysts expect that Foundation Building Materials will report full year sales of $2.18 billion for the current fiscal year, with estimates ranging from $2.17 billion to $2.19 billion. For the next year, analysts forecast that the company will report sales of $2.26 billion, with estimates ranging from $2.25 billion to $2.27 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Foundation Building Materials.

Foundation Building Materials (NYSE:FBM) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.06. Foundation Building Materials had a return on equity of 10.31% and a net margin of 2.28%. The company had revenue of $564.90 million for the quarter, compared to the consensus estimate of $576.12 million. During the same period in the previous year, the business earned $0.19 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year.

Several brokerages recently issued reports on FBM. Barclays reissued a “buy” rating and set a $24.00 target price on shares of Foundation Building Materials in a research note on Wednesday, November 6th. Bank of America started coverage on shares of Foundation Building Materials in a report on Friday, October 11th. They set a “buy” rating and a $20.00 price objective on the stock. Zacks Investment Research raised shares of Foundation Building Materials from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Friday, November 8th. ValuEngine upgraded Foundation Building Materials from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, Evercore ISI raised Foundation Building Materials from an “in-line” rating to an “outperform” rating and set a $21.00 target price for the company in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $19.40.

In related news, major shareholder John P. Grayken sold 4,750,000 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $16.28, for a total value of $77,330,000.00. Also, major shareholder John P. Grayken sold 712,500 shares of Foundation Building Materials stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $18.13, for a total value of $12,917,625.00. Company insiders own 0.84% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of FBM. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Foundation Building Materials during the second quarter valued at approximately $26,000. Quantamental Technologies LLC bought a new position in shares of Foundation Building Materials during the second quarter valued at about $36,000. Tower Research Capital LLC TRC bought a new position in shares of Foundation Building Materials during the third quarter valued at about $37,000. Aperio Group LLC purchased a new position in Foundation Building Materials during the second quarter worth about $38,000. Finally, Metropolitan Life Insurance Co NY purchased a new position in Foundation Building Materials during the third quarter worth about $80,000. 94.87% of the stock is owned by hedge funds and other institutional investors.

Shares of FBM stock remained flat at $$20.15 during trading hours on Wednesday. 282,296 shares of the stock traded hands, compared to its average volume of 257,679. The company’s fifty day simple moving average is $20.05 and its 200 day simple moving average is $17.60. The stock has a market capitalization of $866.25 million, a price-to-earnings ratio of 57.57, a P/E/G ratio of 0.42 and a beta of 1.52. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.48 and a current ratio of 2.09. Foundation Building Materials has a one year low of $7.62 and a one year high of $22.14.

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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