Universal Forest Products, Inc. (NASDAQ:UFPI) is expected to report third quarter earnings results, after market close, on Wednesday 21st October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.89 per share.
Looking ahead, the full year income are expected at $ 3.24 per share on the revenues of $ 4572.94 million.
Previous Quarter Performance
Universal Forest Products, Inc. revealed income for the second quarter of $ 1.08 per share, from the revenue of $ 1,242.00 million. The quarterly earnings up 22.73 percent while revenues escalated 0.18 percent compared with the same quarter last year.
Street analysts expected Universal Forest Products, Inc. to report income of $ 0.58 per share on revenue of $ 1077.46 million for the second quarter. The bottom line results beat street analysts by $ 0.5 or 86.21 percent, at the same time, top line results outshined analysts by $ 164.54 million or 15.27 percent.
Stock Performance
Shares of Universal Forest Products, Inc. traded up $ 0.56 or 0.99 percent on Tuesday, reaching $ 57.03 with volume of 163.80 thousand shares. Universal Forest Products, Inc. has traded high as $ 58.24 and has cracked $ 56.79 on the downward trend
The closing price of $ 57.03, representing a 93.59 % increase from the 52 week low of $ 29.17 and a 12.04 % decrease over the 52 week high of $ 64.20.
The company has a market capital of $ 3.49 billion and is part of the Basic Materials sector and Lumber & Wood Production industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.125 per share on July 22, 2020. The dividend were payable on September 15, 2020 to holders of record as of the close of business on September 1, 2020 and ex-dividend date on August 31, 2020.
Conference Call
Universal Forest Products, Inc. will be hosting a conference call at 8:30 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ufpi.com
Universal Forest Products, Inc., through its subsidiaries, designs, manufactures, and markets wood and wood-alternative products in North America, Europe, Asia, and Australia. The company offers preserved and unpreserved dimensional lumber; outdoor living products, including wood and wood composite decking and related accessories, and decorative lawn and garden products; and engineered wood components, which include roof and floor trusses, wall panels, engineered floor systems, I-joists, and lumber packages. It also provides pallets, specialty crates, wooden boxes, and other containers and products that are used for packaging, shipping, and material handling applications; designs, manufactures, and installs interior fixtures that are used in retail and commercial structures; and provides lumber cut and shaped, plywood, oriented strand board, and dimensional lumber products for use in the construction of manufactured housings.
