TopBuild (BLD) Set to Announce Earnings on Tuesday

TopBuild (NYSE:BLD) is scheduled to post its quarterly earnings results before the market opens on Tuesday, November 5th. Analysts expect TopBuild to post earnings of $5.65 per share for the quarter. TopBuild has set its FY 2024 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share for the quarter, missing the consensus estimate of $5.68 by ($0.26). The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.40 billion. TopBuild had a return on equity of 25.72% and a net margin of 11.74%. TopBuild’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company earned $5.25 earnings per share. On average, analysts expect TopBuild to post $21 EPS for the current fiscal year and $23 EPS for the next fiscal year.

TopBuild Trading Up 0.1 %

NYSE:BLD opened at $353.73 on Friday. The stock has a fifty day moving average price of $386.99 and a 200 day moving average price of $399.86. The company has a current ratio of 2.34, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57. TopBuild has a 12-month low of $249.89 and a 12-month high of $495.68. The firm has a market cap of $10.67 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 2.23 and a beta of 1.77.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BLD shares. Evercore ISI boosted their price objective on TopBuild from $489.00 to $491.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. DA Davidson lowered their price target on shares of TopBuild from $470.00 to $460.00 and set a “buy” rating for the company in a report on Friday, August 9th. Truist Financial reduced their price objective on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Jefferies Financial Group lowered their price objective on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $446.89.

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.