NYSE:FBM - Foundation Building Materials Stock Price, Forecast & News

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

Foundation Building Materials Inc (NYSE:FBM) announced its earnings results on Monday, November, 4th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.27 by $0.06. The business had revenue of $564.90 million for the quarter, compared to analyst estimates of $576.12 million. Foundation Building Materials had a net margin of 2.28% and a return on equity of 10.31%. The company's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.19 earnings per share. View Foundation Building Materials' Earnings History.

Foundation Building Materials is scheduled to release their next quarterly earnings announcement on Monday, February 24th 2020. View Earnings Estimates for Foundation Building Materials.

4 Wall Street analysts have issued twelve-month target prices for Foundation Building Materials' stock. Their forecasts range from $20.00 to $24.00. On average, they expect Foundation Building Materials' stock price to reach $21.75 in the next twelve months. This suggests a possible upside of 17.6% from the stock's current price. View Analyst Price Targets for Foundation Building Materials.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Foundation Building Materials in the last year. There are currently 1 sell rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Foundation Building Materials.

News stories about FBM stock have been trending somewhat negative this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of 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 -1.9 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the near term. View News Stories for Foundation Building Materials.

Foundation Building Materials saw a increase in short interest in December. As of December 31st, there was short interest totalling 1,710,000 shares, an increase of 23.0% from the December 15th total of 1,390,000 shares. Based on an average daily volume of 469,000 shares, the days-to-cover ratio is currently 3.6 days. Currently, 8.5% of the company's 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).

Based on aggregate information from My MarketBeat watchlists, some companies that other Foundation Building Materials investors own include General Electric (GE), Verizon Communications (VZ), Cisco Systems (CSCO), Honeywell International (HON), Procter & Gamble (PG), Alibaba Group (BABA), Home Depot (HD), NVIDIA (NVDA), Thermo Fisher Scientific (TMO) and QUALCOMM (QCOM).

(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 served as the underwriters for the IPO and Raymond James, Stephens, SunTrust Robinson Humphrey and William Blair were co-managers.

Foundation Building Materials' stock is owned by a number of of institutional and retail investors. Top institutional investors include Dalton Greiner Hartman Maher & Co. (0.42%), Assenagon Asset Management S.A. (0.31%), Bowling Portfolio Management LLC (0.10%), Strs Ohio (0.08%) and State of Alaska Department of Revenue (0.03%). View Institutional Ownership Trends for Foundation Building Materials.

FBM stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A. and Strs Ohio. View Insider Buying and Selling for Foundation Building Materials.

FBM stock was bought by a variety of institutional investors in the last quarter, including Bowling Portfolio Management LLC, State of Alaska Department of Revenue and Dalton Greiner Hartman Maher & Co.. View Insider Buying and Selling 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 $18.49.

Foundation Building Materials has a market capitalization of $794.89 million and generates $2.04 billion in revenue each year. The company earns $-12,180,000.00 in net income (profit) each year or $0.35 on an earnings per share basis. Foundation Building Materials employs 3,400 workers across the globe.View Additional Information About Foundation Building Materials.

The official website for Foundation Building Materials is http://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]