UFP Industries (NASDAQ:UFPI) Posts Earnings Results, Misses Expectations By $0.25 EPS

UFP Industries (NASDAQ:UFPI) issued its quarterly earnings results on Monday. The construction company reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.25), Briefing.com reports. UFP Industries had a return on equity of 15.86% and a net margin of 7.02%. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period last year, the company posted $2.10 EPS. The business’s revenue was down 9.8% on a year-over-year basis.

UFP Industries Price Performance

UFPI stock opened at $123.04 on Wednesday. The company has a fifty day moving average price of $126.83 and a 200-day moving average price of $120.53. The company has a market capitalization of $7.60 billion, a P/E ratio of 15.30 and a beta of 1.39. UFP Industries has a 52-week low of $90.62 and a 52-week high of $139.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.18 and a current ratio of 4.34.

UFP Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Monday, December 2nd. UFP Industries’s payout ratio is currently 16.42%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on UFPI. StockNews.com downgraded shares of UFP Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, July 5th. Wedbush raised shares of UFP Industries from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $120.00 to $155.00 in a report on Tuesday, October 8th. Benchmark upped their price target on shares of UFP Industries from $133.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. BMO Capital Markets upped their price target on shares of UFP Industries from $115.00 to $125.00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. Finally, Stifel Nicolaus increased their price objective on shares of UFP Industries from $125.00 to $157.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $139.60.

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.