For its first fiscal quarter (ending March 31), UFP Industries Inc (NASDAQ: UFPI) has reported a -2% decline in E.P.S. from $2.01 a year ago to $1.96 in the current quarter. However, this performance was $0.11 better than the consensus estimate of $1.85. For the latest four quarters through March 31, E.P.S. were $8.15 versus $10.05 for the same period a year ago — a decline of -19%.
Recent Price Action
On 4/30/24, UFP Industries Inc (NASDAQ: UFPI) stock declined by -2.7%, closing at $112.70. Moreover, above average trading volume at 138% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, UFPI is expected to continue to be a Value Builder.
UFP Industries has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. UFP Industries has a neutral Power Rating of 59 but a good Appreciation Score of 70, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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