UFP Industries (UFPI) to Release Quarterly Earnings on Tuesday

UFP Industries (NASDAQ:UFPI) will release its earnings data before the market opens on Tuesday, April 30th. Analysts expect UFP Industries to post earnings of $1.61 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

UFP Industries (NASDAQ:UFPI) last announced its earnings results on Tuesday, February 20th. The construction company reported $1.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.06). The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.61 billion. UFP Industries had a return on equity of 17.86% and a net margin of 7.12%. The firm’s revenue for the quarter was down 20.3% on a year-over-year basis. During the same period last year, the firm earned $2.10 earnings per share. On average, analysts expect UFP Industries to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

UFP Industries Stock Up 1.0 %

NASDAQ:UFPI opened at $113.64 on Friday. The firm has a market capitalization of $6.99 billion, a price-to-earnings ratio of 14.10 and a beta of 1.49. UFP Industries has a 1-year low of $76.08 and a 1-year high of $128.65. The company has a current ratio of 4.41, a quick ratio of 3.12 and a debt-to-equity ratio of 0.08. The business’s fifty day moving average price is $115.66 and its 200 day moving average price is $113.31.

UFP Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.16%. This is a positive change from UFP Industries’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, February 29th. UFP Industries’s payout ratio is presently 16.38%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Stifel Nicolaus upped their price target on UFP Industries from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Wedbush reissued a “neutral” rating and set a $102.00 price target on shares of UFP Industries in a research report on Thursday, February 22nd. StockNews.com lowered UFP Industries from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 4th. Finally, Benchmark upped their price target on UFP Industries from $120.00 to $137.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, UFP Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.00.

Insiders Place Their Bets

In other UFP Industries news, CEO Matthew J. Missad sold 5,018 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $114.05, for a total value of $572,302.90. Following the transaction, the chief executive officer now directly owns 363,328 shares of the company’s stock, valued at approximately $41,437,558.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.58% of the company’s stock.

UFP Industries Company Profile

UFP Industries, Inc, through its subsidiaries, designs, manufactures, and markets wood and non-wood composites, and other materials in North America, Europe, Asia, and Australia. It operates through Retail, Packaging, and Construction segments. The Retail segment offers treated lumber products, including decking, fencing, lattice, and other products; pressure-treated and fire-retardant products used primarily for outdoor decking environments; and lawn and garden products, consisting of wood and vinyl fencing options, garden beds and planters, pergolas, picnic tables, and other landscaping products.