Analysts expect that Builders FirstSource, Inc. (NASDAQ:BLDR) will announce $0.47 earnings per share (EPS) for the current quarter, according to Zacks. Seven analysts have provided estimates for Builders FirstSource’s earnings, with the highest EPS estimate coming in at $0.51 and the lowest estimate coming in at $0.42. Builders FirstSource posted earnings per share of $0.54 in the same quarter last year, which would indicate a negative year over year growth rate of 13%. The company is scheduled to issue its next quarterly earnings report on Tuesday, August 6th.
According to Zacks, analysts expect that Builders FirstSource will report full-year earnings of $1.69 per share for the current year, with EPS estimates ranging from $1.57 to $1.80. For the next financial year, analysts expect that the business will post earnings of $1.87 per share, with EPS estimates ranging from $1.49 to $2.16. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Builders FirstSource.
Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.12. Builders FirstSource had a net margin of 2.84% and a return on equity of 41.88%. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the previous year, the company earned $0.24 earnings per share. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year.
Several equities analysts recently issued reports on the stock. BidaskClub cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Saturday, June 1st. Zacks Investment Research upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Thursday, May 9th. Wedbush set a $18.00 price target on shares of Builders FirstSource and gave the company a “buy” rating in a research report on Friday, May 3rd. ValuEngine raised shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, TheStreet raised shares of Builders FirstSource from a “c+” rating to a “b-” rating in a research note on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $16.54.
Shares of NASDAQ BLDR traded up $0.88 during midday trading on Thursday, hitting $16.25. 1,199,900 shares of the company traded hands, compared to its average volume of 971,430. Builders FirstSource has a 12-month low of $10.15 and a 12-month high of $18.86. The company has a current ratio of 1.88, a quick ratio of 1.02 and a debt-to-equity ratio of 2.47. The firm has a 50-day moving average of $15.29. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 8.55, a P/E/G ratio of 1.85 and a beta of 2.05.
In other news, Director Floyd F. Sherman sold 149,159 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $16.59, for a total value of $2,474,547.81. Following the transaction, the director now owns 152,809 shares in the company, valued at $2,535,101.31. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert C. Griffin sold 11,133 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $15.08, for a total transaction of $167,885.64. Following the completion of the transaction, the director now owns 36,852 shares in the company, valued at approximately $555,728.16. The disclosure for this sale can be found here. Insiders have sold 500,146 shares of company stock worth $8,134,697 in the last three months. 2.20% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of BLDR. First Trust Advisors LP grew its stake in Builders FirstSource by 192.1% during the first quarter. First Trust Advisors LP now owns 119,675 shares of the company’s stock valued at $1,596,000 after acquiring an additional 78,703 shares in the last quarter. FMR LLC grew its stake in Builders FirstSource by 9.5% during the first quarter. FMR LLC now owns 1,703,004 shares of the company’s stock valued at $22,718,000 after acquiring an additional 147,779 shares in the last quarter. Pecaut & CO. purchased a new position in Builders FirstSource during the first quarter valued at $1,034,000. Marshall Wace North America L.P. grew its stake in Builders FirstSource by 623.3% during the first quarter. Marshall Wace North America L.P. now owns 67,335 shares of the company’s stock valued at $900,000 after acquiring an additional 58,025 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in Builders FirstSource during the first quarter valued at $3,396,000. Hedge funds and other institutional investors own 93.17% of the company’s stock.
Builders FirstSource Company Profile
Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand name.
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