TopBuild (BLD) to Release Quarterly Earnings on Thursday

Posted by on Apr 27th, 2023

TopBuild (NYSE:BLD – Get Rating) is scheduled to issue its quarterly earnings data before the market opens on Thursday, May 4th. Analysts expect the company to announce earnings of $4.06 per share for the quarter. TopBuild has set its FY 2023 guidance at EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

TopBuild (NYSE:BLD – Get Rating) last posted its quarterly earnings results on Thursday, February 23rd. The construction company reported $4.40 EPS for the quarter, topping analysts’ consensus estimates of $4.02 by $0.38. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.24 billion. TopBuild had a return on equity of 30.81% and a net margin of 11.10%. The company’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period last year, the firm earned $3.12 earnings per share. On average, analysts expect TopBuild to post $16 EPS for the current fiscal year and $16 EPS for the next fiscal year.

TopBuild Stock Down 0.6 %

NYSE:BLD opened at $212.47 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.41 and a current ratio of 1.96. The stock has a 50-day simple moving average of $200.48 and a 200 day simple moving average of $179.31. TopBuild has a one year low of $140.66 and a one year high of $225.82. The company has a market capitalization of $6.75 billion, a price-to-earnings ratio of 12.38 and a beta of 1.50.

Analysts Set New Price Targets

A number of brokerages have issued reports on BLD. KeyCorp raised their target price on shares of TopBuild from $205.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, February 8th. StockNews.com began coverage on shares of TopBuild in a research report on Thursday, March 16th. They issued a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of TopBuild from a “hold” rating to a “buy” rating and lifted their price target for the stock from $201.00 to $227.00 in a research report on Tuesday, January 10th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, TopBuild currently has a consensus rating of “Moderate Buy” and a consensus price target of $214.00.

Hedge Funds Weigh In On TopBuild

A number of large investors have recently modified their holdings of the stock. Cetera Investment Advisers bought a new stake in TopBuild in the fourth quarter valued at approximately $324,000. Captrust Financial Advisors grew its position in TopBuild by 53.6% in the first quarter. Captrust Financial Advisors now owns 1,690 shares of the construction company’s stock valued at $307,000 after purchasing an additional 590 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in TopBuild by 26.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 1,598 shares of the construction company’s stock valued at $290,000 after acquiring an additional 331 shares during the last quarter. Golden State Equity Partners acquired a new stake in TopBuild in the first quarter valued at $283,000. Finally, Penserra Capital Management LLC lifted its stake in TopBuild by 9.1% in the fourth quarter. Penserra Capital Management LLC now owns 1,657 shares of the construction company’s stock valued at $259,000 after acquiring an additional 138 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Company Profile

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TopBuild Corp. engages in the installation and distribution of insulation products and other building products to the U.S. and Canadian construction industry. It operates through the following segments: Installation, Specialty Distribution, and Corporate. The Installation segment provides insulation installation services nationwide through its TruTeam contractor services and business branches located in the U.S.

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Earnings History for TopBuild (NYSE:BLD)

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