Media headlines about Foundation Building Materials (NYSE:FBM) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Foundation Building Materials earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave news headlines about the company an impact score of 47.0079711888016 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of Foundation Building Materials (NYSE FBM) opened at $16.00 on Friday. The stock has a market cap of $685.85 and a P/E ratio of -123.08. Foundation Building Materials has a 1 year low of $11.03 and a 1 year high of $17.91. The company has a current ratio of 2.63, a quick ratio of 1.82 and a debt-to-equity ratio of 2.02.
Foundation Building Materials (NYSE:FBM) last posted its earnings results on Tuesday, November 7th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.08. The firm had revenue of $535.40 million during the quarter, compared to the consensus estimate of $535.81 million. Foundation Building Materials had a negative net margin of 0.11% and a negative return on equity of 2.98%. The company’s revenue for the quarter was up 28.8% on a year-over-year basis. analysts expect that Foundation Building Materials will post 0.17 earnings per share for the current year.
A number of research analysts have recently commented on the stock. Barclays set a $19.00 price objective on shares of Foundation Building Materials and gave the company a “buy” rating in a research note on Sunday, January 7th. Zacks Investment Research downgraded shares of Foundation Building Materials from a “hold” rating to a “sell” rating in a research note on Wednesday. Robert W. Baird reaffirmed a “hold” rating and set a $15.00 price objective on shares of Foundation Building Materials in a research note on Monday, October 9th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $15.00 price objective on shares of Foundation Building Materials in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $18.71.
About Foundation Building Materials
Foundation Building Materials, Inc is a specialty distributor of wallboard and suspended ceiling systems in the United States and Canada. The Company’s segments include Specialty Building Products and Mechanical Insulation. The Company fabricates and distributes its products for specialty contractors seeking to improve or maintain energy efficiency in a range of commercial and industrial buildings.
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