Equities analysts expect that Builders FirstSource, Inc. (NASDAQ:BLDR) will post earnings of $0.22 per share for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Builders FirstSource’s earnings, with the lowest EPS estimate coming in at $0.18 and the highest estimate coming in at $0.24. Builders FirstSource reported earnings of $0.24 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 8.3%. The firm is expected to report its next earnings results on Wednesday, May 8th.
On average, analysts expect that Builders FirstSource will report full year earnings of $1.61 per share for the current fiscal year, with EPS estimates ranging from $1.39 to $1.75. For the next financial year, analysts expect that the company will post earnings of $1.75 per share, with EPS estimates ranging from $1.65 to $1.90. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Builders FirstSource.
A number of research analysts recently weighed in on BLDR shares. BidaskClub upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Thursday, January 31st. DA Davidson lowered shares of Builders FirstSource from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $20.00 to $14.00 in a research note on Thursday, January 10th. Barclays reduced their price objective on shares of Builders FirstSource from $16.00 to $13.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 12th. B. Riley reduced their price objective on shares of Builders FirstSource from $22.00 to $18.00 and set a “buy” rating for the company in a research note on Tuesday, March 5th. Finally, SunTrust Banks lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.77.
A number of large investors have recently made changes to their positions in BLDR. Engineers Gate Manager LP bought a new position in Builders FirstSource in the 3rd quarter valued at $194,000. Wells Fargo & Company MN lifted its holdings in shares of Builders FirstSource by 62.9% during the 3rd quarter. Wells Fargo & Company MN now owns 1,152,588 shares of the company’s stock worth $16,920,000 after acquiring an additional 445,200 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in shares of Builders FirstSource by 22.0% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 55,400 shares of the company’s stock worth $813,000 after acquiring an additional 10,000 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of Builders FirstSource during the 3rd quarter worth $276,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Builders FirstSource by 3.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 700,268 shares of the company’s stock worth $10,279,000 after acquiring an additional 23,546 shares during the last quarter. 93.75% of the stock is owned by hedge funds and other institutional investors.
Builders FirstSource stock traded down $0.27 during mid-day trading on Wednesday, reaching $13.02. The company’s stock had a trading volume of 47,176 shares, compared to its average volume of 1,302,637. Builders FirstSource has a 12-month low of $10.15 and a 12-month high of $21.24. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 6.87, a P/E/G ratio of 1.70 and a beta of 2.23. The company has a current ratio of 1.88, a quick ratio of 1.06 and a debt-to-equity ratio of 2.59.
About Builders FirstSource
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.
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