Universal Forest Products (UFPI) Earning Somewhat Favorable News Coverage, Study Finds

Media coverage about Universal Forest Products (NASDAQ:UFPI) has trended somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Universal Forest Products earned a news impact score of 0.16 on Accern’s scale. Accern also gave news headlines about the construction company an impact score of 47.0648779728288 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Shares of Universal Forest Products (NASDAQ UFPI) opened at 78.93 on Friday. Universal Forest Products has a 52-week low of $77.80 and a 52-week high of $110.97. The stock has a market capitalization of $1.61 billion, a P/E ratio of 15.66 and a beta of 1.88. The company has a 50 day moving average price of $84.93 and a 200-day moving average price of $92.15.

Universal Forest Products (NASDAQ:UFPI) last posted its quarterly earnings results on Tuesday, July 18th. The construction company reported $1.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.85 by $0.21. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Universal Forest Products had a return on equity of 11.73% and a net margin of 2.86%. The business’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.64 EPS. On average, analysts predict that Universal Forest Products will post $5.60 earnings per share for the current fiscal year.

A number of analysts have commented on UFPI shares. BidaskClub raised Universal Forest Products from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. Zacks Investment Research upgraded Universal Forest Products from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research report on Monday, June 5th. Sidoti assumed coverage on Universal Forest Products in a research report on Tuesday, July 25th. They set a “buy” rating on the stock. Finally, ValuEngine upgraded Universal Forest Products from a “hold” rating to a “buy” rating in a research report on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Universal Forest Products currently has an average rating of “Hold” and an average price target of $105.50.

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About Universal Forest Products

Universal Forest Products, Inc is a holding company. The Company, through its subsidiaries, supplies wood, wood composite and other products to three primary markets, such as retail, construction and industrial. Its segments include North, South, West, Alternative Materials, International, idX Holdings, Inc (idX) and Corporate divisions.

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