NYSE:FBMFoundation Building Materials Stock Price, Forecast & News

Foundation Building Materials' stock was trading at $14.51 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, FBM shares have decreased by 5.5% and is now trading at $13.71. 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) posted its earnings results on Monday, May, 11th. The company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.13 by $0.09. The firm 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 revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 earnings per share. View Foundation Building Materials' earnings history.

Foundation Building Materials issued an update on its first quarter 2020 Pre-Market earnings guidance on Wednesday, April, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $520-525 million, compared to the consensus revenue estimate of $526.46 million.

7 brokers have issued 12 month price targets for Foundation Building Materials' shares. Their forecasts range from $10.00 to $20.00. On average, they anticipate Foundation Building Materials' stock price to reach $16.57 in the next twelve months. This suggests a possible upside of 20.9% from the stock's current price. View analysts' price targets for Foundation Building Materials.

Headlines about FBM stock have been trending very negative recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Foundation Building Materials earned a media sentiment score of -3.8 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutFoundation Building Materials.

Foundation Building Materials saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,530,000 shares, an increase of 13.3% from the April 30th total of 1,350,000 shares. Based on an average daily trading volume, of 402,400 shares, the days-to-cover ratio is presently 3.8 days. Approximately 6.8% of the shares of the stock 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 IPO on Friday, February 10th 2017. The company issued 12,800,000 shares at $17.00-$19.00 per share. Deutsche Bank Securities, Barclays, RBC Capital Markets, Citigroup and Baird served 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 variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.05%), Clearbridge Investments LLC (1.97%), Nuveen Asset Management LLC (1.69%), Acadian Asset Management LLC (1.57%), State Street Corp (1.40%) and Federated Hermes Inc. (0.70%). 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 sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Deutsche Bank AG, Scopus Asset Management L.P., APG Asset Management N.V., APG Asset Management N.V., Nuveen Asset Management LLC, Squarepoint Ops LLC, and AJO LP. View insider buying and selling activity for Foundation Building Materials.

FBM stock was purchased by a variety of institutional investors in the last quarter, including UBS Group AG, State Street Corp, Martingale Asset Management L P, Bessemer Group Inc., Seizert Capital Partners LLC, Geode Capital Management LLC, BlackRock Inc., and Victory Capital Management Inc.. 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 $13.71.

Foundation Building Materials has a market capitalization of $592.27 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]