Q3 2019 Earnings Estimate for Builders FirstSource, Inc. Issued By Wedbush (BLDR)

Builders FirstSource, Inc. (NASDAQ:BLDR) – Investment analysts at Wedbush decreased their Q3 2019 earnings per share estimates for Builders FirstSource in a research report issued on Wednesday, April 18th. Wedbush analyst J. Mccanless now expects that the company will post earnings per share of $0.65 for the quarter, down from their prior estimate of $0.67. Wedbush currently has a “Outperform” rating and a $30.00 target price on the stock.

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Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.23. The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.70 billion. Builders FirstSource had a net margin of 0.55% and a return on equity of 39.79%. The company’s revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.16 EPS.

BLDR has been the topic of several other reports. ValuEngine upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Stifel Nicolaus increased their price objective on shares of Builders FirstSource from $23.00 to $26.50 and gave the stock a “buy” rating in a report on Monday, January 22nd. Zacks Investment Research lowered shares of Builders FirstSource from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 4th. Barclays set a $21.00 price objective on shares of Builders FirstSource and gave the stock a “hold” rating in a report on Sunday, January 7th. Finally, BidaskClub lowered shares of Builders FirstSource from a “hold” rating to a “sell” rating in a report on Wednesday, March 28th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $23.41.

Shares of BLDR stock opened at $19.71 on Thursday. The stock has a market cap of $2,267.17, a PE ratio of 15.57 and a beta of 2.05. Builders FirstSource has a 1-year low of $13.33 and a 1-year high of $23.28. The company has a debt-to-equity ratio of 4.71, a quick ratio of 0.99 and a current ratio of 1.75.

In related news, CFO Peter M. Jackson sold 11,972 shares of the stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $21.44, for a total transaction of $256,679.68. Following the completion of the sale, the chief financial officer now owns 32,305 shares of the company’s stock, valued at approximately $692,619.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Donald F. Mcaleenan sold 194,043 shares of the stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $21.66, for a total transaction of $4,202,971.38. Following the sale, the senior vice president now directly owns 442,148 shares of the company’s stock, valued at approximately $9,576,925.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 409,650 shares of company stock valued at $8,790,722. Corporate insiders own 14.60% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of BLDR. New York State Common Retirement Fund increased its position in Builders FirstSource by 35.4% during the 3rd quarter. New York State Common Retirement Fund now owns 140,000 shares of the company’s stock worth $2,519,000 after purchasing an additional 36,600 shares in the last quarter. Bank of New York Mellon Corp increased its position in Builders FirstSource by 4.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 734,169 shares of the company’s stock worth $13,206,000 after purchasing an additional 32,670 shares in the last quarter. Ameriprise Financial Inc. increased its position in Builders FirstSource by 9.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 239,394 shares of the company’s stock worth $4,308,000 after purchasing an additional 20,667 shares in the last quarter. Legal & General Group Plc increased its position in Builders FirstSource by 68.5% during the 3rd quarter. Legal & General Group Plc now owns 38,615 shares of the company’s stock worth $694,000 after purchasing an additional 15,699 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in Builders FirstSource by 37.6% during the 3rd quarter. Wells Fargo & Company MN now owns 412,025 shares of the company’s stock worth $7,413,000 after purchasing an additional 112,629 shares in the last quarter. 97.97% of the stock is owned by hedge funds and other institutional investors.

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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. Its products include lumber and lumber sheet goods comprising dimensional lumber, plywood, and OSB products that are used in on-site house framing; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand.

Earnings History and Estimates for Builders FirstSource (NASDAQ:BLDR)

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