Equities research analysts expect Builders FirstSource, Inc. (NASDAQ:BLDR) to announce earnings per share of $0.47 for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Builders FirstSource’s earnings. The highest EPS estimate is $0.51 and the lowest is $0.42. Builders FirstSource posted earnings of $0.54 per share in the same quarter last year, which indicates a negative year over year growth rate of 13%. The firm is scheduled to report its next earnings results on Tuesday, August 6th.
On average, 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 year, analysts anticipate that the business will report earnings of $1.87 per share, with EPS estimates ranging from $1.49 to $2.16. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for Builders FirstSource.
Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.12. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.61 billion. Builders FirstSource had a return on equity of 41.88% and a net margin of 2.84%. The business’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.24 EPS.
BLDR has been the subject of a number of recent research reports. B. Riley lowered their price objective on Builders FirstSource from $22.00 to $18.00 and set a “buy” rating for the company in a research note on Tuesday, March 5th. Zacks Investment Research upgraded Builders FirstSource from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 6th. ValuEngine upgraded Builders FirstSource from a “strong sell” rating to a “sell” rating in a research note on Monday, March 11th. Buckingham Research initiated coverage on Builders FirstSource in a research note on Monday, February 25th. They set a “neutral” rating and a $15.00 price objective for the company. Finally, BidaskClub upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Saturday, May 4th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $16.54.
BLDR traded down $0.05 during trading on Thursday, reaching $15.32. 46,868 shares of the company were exchanged, compared to its average volume of 945,779. The firm has a market capitalization of $1.77 billion, a PE ratio of 8.05, a P/E/G ratio of 1.83 and a beta of 2.04. The business’s 50 day moving average price is $15.34. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.02 and a current ratio of 1.88. Builders FirstSource has a 52 week low of $10.15 and a 52 week high of $18.98.
In other news, CFO Peter M. Jackson sold 7,800 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $16.00, for a total value of $124,800.00. Following the completion of the sale, the chief financial officer now owns 57,424 shares in the company, valued at $918,784. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO David E. Rush sold 4,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $16.42, for a total value of $65,680.00. Following the completion of the sale, the chief operating officer now owns 45,237 shares of the company’s stock, valued at approximately $742,791.54. The disclosure for this sale can be found here. In the last 90 days, insiders sold 500,146 shares of company stock valued at $8,134,697. Insiders own 2.20% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new stake in shares of Builders FirstSource during the fourth quarter worth $30,000. PNC Financial Services Group Inc. raised its position in shares of Builders FirstSource by 2,338.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,389 shares of the company’s stock worth $37,000 after purchasing an additional 3,250 shares during the period. Meeder Asset Management Inc. raised its position in shares of Builders FirstSource by 59.0% during the first quarter. Meeder Asset Management Inc. now owns 3,269 shares of the company’s stock worth $44,000 after purchasing an additional 1,213 shares during the period. First Quadrant L P CA acquired a new stake in shares of Builders FirstSource during the first quarter worth $80,000. Finally, Blueshift Asset Management LLC acquired a new stake in shares of Builders FirstSource during the fourth quarter worth $118,000. 93.17% of the stock is currently owned by institutional investors.
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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