TopBuild (BLD) to Release Quarterly Earnings on Tuesday

TopBuild (NYSE:BLD) will issue its quarterly earnings data before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $4.55 per share for the quarter. TopBuild has set its FY 2024 guidance at EPS.Parties interested in participating in the company’s conference call can do so using this link.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Wednesday, February 28th. The construction company reported $4.69 EPS for the quarter, beating the consensus estimate of $4.60 by $0.09. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. TopBuild had a net margin of 11.82% and a return on equity of 27.03%. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter last year, the business earned $4.40 earnings per share. On average, analysts expect TopBuild to post $21 EPS for the current fiscal year and $22 EPS for the next fiscal year.

TopBuild Stock Performance

Shares of BLD opened at $414.11 on Tuesday. The company has a current ratio of 2.66, a quick ratio of 2.18 and a debt-to-equity ratio of 0.54. The stock has a market cap of $13.18 billion, a P/E ratio of 21.42, a PEG ratio of 2.97 and a beta of 1.66. The company has a 50-day moving average of $413.40 and a two-hundred day moving average of $356.37. TopBuild has a 12-month low of $199.31 and a 12-month high of $452.87.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BLD shares. Truist Financial cut shares of TopBuild from a “buy” rating to a “hold” rating and lifted their target price for the stock from $290.00 to $410.00 in a research report on Thursday, January 4th. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Saturday, April 6th. Loop Capital upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Evercore ISI lifted their target price on shares of TopBuild from $469.00 to $527.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Finally, Bank of America lifted their target price on shares of TopBuild from $410.00 to $475.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $418.90.

TopBuild Company Profile

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products.