NYSE:FBMFoundation Building Materials Stock Price, Forecast & News

Foundation Building Materials' stock was trading at $14.51 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, FBM shares have decreased by 0.2% and is now trading at $14.48. View which stocks have been most impacted by Coronavirus.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Foundation Building Materials in the last year. There are currently 2 sell ratings, 1 hold rating, 3 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Foundation Building Materials.

Foundation Building Materials is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Foundation Building Materials.

Foundation Building Materials Inc (NYSE:FBM) announced its quarterly earnings results on Monday, May, 11th. The company reported $0.22 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.13 by $0.09. The business had revenue of $524.26 million for the quarter, compared to the consensus estimate of $519.49 million. Foundation Building Materials had a net margin of 2.36% and a return on equity of 12.82%. The company's quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.14 earnings per share. View Foundation Building Materials' earnings history.

7 equities research analysts have issued twelve-month price objectives for Foundation Building Materials' shares. Their forecasts range from $15.00 to $20.00. On average, they anticipate Foundation Building Materials' stock price to reach $17.29 in the next year. This suggests a possible upside of 19.4% from the stock's current price. View analysts' price targets for Foundation Building Materials.

Headlines about FBM stock have been trending negative recently, InfoTrie Sentiment reports. The research group identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Foundation Building Materials earned a daily sentiment score of -2.1 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news about Foundation Building Materials.

Foundation Building Materials saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 1,260,000 shares, a decline of 11.3% from the June 15th total of 1,420,000 shares. Based on an average daily trading volume, of 296,300 shares, the days-to-cover ratio is currently 4.3 days. Currently, 5.6% of the company's shares are sold short. View Foundation Building Materials' Current Options Chain.

Some companies that are related to Foundation Building Materials include Beacon Roofing Supply (BECN), Boise Cascade (BCC), GMS (GMS), Aspen Aerogels (ASPN) and Huttig Building Products (HBP). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Foundation Building Materials investors own include General Electric (GE), Honeywell International (HON), Verizon Communications (VZ), Cisco Systems (CSCO), Procter & Gamble (PG), Home Depot (HD), AT&T (T), Alibaba Group (BABA), CVS Health (CVS) and Altria Group (MO).

(FBM) raised $230 million in an initial public offering on Friday, February 10th 2017. The company issued 12,800,000 shares at a price of $17.00-$19.00 per share. Deutsche Bank Securities, Barclays, RBC Capital Markets, Citigroup and Baird acted as the underwriters for the IPO and Raymond James, Stephens, SunTrust Robinson Humphrey and William Blair were co-managers.

Foundation Building Materials trades on the New York Stock Exchange (NYSE) under the ticker symbol "FBM."

Foundation Building Materials' stock is owned by a number of institutional and retail investors. Top institutional investors include Dalton Greiner Hartman Maher & Co. (0.44%). Company insiders that own Foundation Building Materials stock include James R Carpenter and John P Grayken. View institutional ownership trends for Foundation Building Materials.

FBM stock was acquired by a variety of institutional investors in the last quarter, including Dalton Greiner Hartman Maher & Co.. View insider buying and selling activity for Foundation Building Materials.

Shares of FBM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of FBM stock can currently be purchased for approximately $14.48.

Foundation Building Materials has a market capitalization of $625.54 million and generates $2.15 billion in revenue each year. The company earns $40.24 million in net income (profit) each year or $0.97 on an earnings per share basis. Foundation Building Materials employs 3,500 workers across the globe.

The official website for Foundation Building Materials is www.fbmsales.com.

Foundation Building Materials' mailing address is 2520 RED HILL AVENUE, SANTA ANA CA, 92705. The company can be reached via phone at 714-380-3127 or via email at [email protected]