Reports Strong First-Quarter Financial Results UFP Industries (NASDAQ:UFPI)

Earnings results for UFP Industries (NASDAQ:UFPI)

UFP Industries, Inc. is expected* to report earnings on 07/21/2021 after market close. The report will be for the fiscal Quarter ending Jun 2021. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.8399999999999999. The reported EPS for the same quarter last year was $1.08.

UFP Industries last posted its earnings data on April 20th, 2021. The construction company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.79. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Its revenue was up 76.8% compared to the same quarter last year. UFP Industries has generated $4.00 earnings per share over the last year and currently has a price-to-earnings ratio of 14.2. UFP Industries has confirmed that its next quarterly earnings report will be published on Wednesday, July 21st, 2021. UFP Industries will be holding an earnings conference call on Wednesday, July 21st at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

Analyst Opinion on UFP Industries (NASDAQ:UFPI)

6 Wall Street analysts have issued ratings and price targets for UFP Industries in the last 12 months. Their average twelve-month price target is $82.67, predicting that the stock has a possible upside of 15.81%. The high price target for UFPI is $97.00 and the low price target for UFPI is $66.00. There are currently 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of “Buy.”

UFP Industries has received a consensus rating of Buy. The company’s average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $82.67, UFP Industries has a forecasted upside of 15.8% from its current price of $71.38. UFP Industries has only been the subject of 3 research reports in the past 90 days.

Dividend Strength: UFP Industries (NASDAQ:UFPI)

UFP Industries has a dividend yield of 0.87%, which is in the bottom 25% of all stocks that pay dividends. UFP Industries has only been increasing its dividend for 1 years. The dividend payout ratio of UFP Industries is 15.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, UFP Industries will have a dividend payout ratio of 9.30% next year. This indicates that UFP Industries will be able to sustain or increase its dividend.

Insiders buying/selling: UFP Industries (NASDAQ:UFPI)

In the past three months, UFP Industries insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,150,058.00 in company stock. Only 3.53% of the stock of UFP Industries is held by insiders. 80.09% of the stock of UFP Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of UFP Industries (NASDAQ:UFPI

Earnings for UFP Industries are expected to grow by 1.74% in the coming year, from $6.34 to $6.45 per share. The P/E ratio of UFP Industries is 14.22, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 20.45. The P/E ratio of UFP Industries is 14.22, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 23.66. UFP Industries has a P/B Ratio of 2.95. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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