Equities research analysts forecast that Builders FirstSource, Inc. (NASDAQ:BLDR) will report $0.40 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Builders FirstSource’s earnings. The highest EPS estimate is $0.42 and the lowest is $0.37. Builders FirstSource posted earnings of $0.61 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 34.4%. The firm is scheduled to report its next quarterly earnings results on Thursday, November 2nd.
On average, analysts expect that Builders FirstSource will report full-year earnings of $1.12 per share for the current fiscal year, with EPS estimates ranging from $1.04 to $1.15. For the next year, analysts forecast that the firm will report earnings of $1.46 per share, with EPS estimates ranging from $1.26 to $1.60. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Builders FirstSource.
Builders FirstSource (NASDAQ:BLDR) last issued its earnings results on Thursday, August 3rd. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.34 by $0.03. Builders FirstSource had a return on equity of 43.83% and a net margin of 2.60%. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the company earned $0.31 EPS. The firm’s revenue was up 9.9% compared to the same quarter last year.
Several research analysts have recently issued reports on BLDR shares. BidaskClub raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research lowered shares of Builders FirstSource from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. FBR & Co reaffirmed a “buy” rating and issued a $20.00 target price on shares of Builders FirstSource in a research note on Tuesday, June 27th. Wedbush reaffirmed a “buy” rating and issued a $20.00 target price on shares of Builders FirstSource in a research note on Thursday, September 7th. Finally, Deutsche Bank AG raised their target price on shares of Builders FirstSource from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $17.29.
In other Builders FirstSource news, CEO Floyd F. Sherman sold 109,536 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $16.72, for a total transaction of $1,831,441.92. Following the sale, the chief executive officer now directly owns 773,171 shares in the company, valued at approximately $12,927,419.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Jll Partners Fund V. Lp sold 13,482,177 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $16.17, for a total transaction of $218,006,802.09. The disclosure for this sale can be found here. Insiders have sold a total of 13,645,368 shares of company stock worth $220,735,138 in the last three months. 14.60% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. raised its holdings in Builders FirstSource by 68.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 9,511 shares of the company’s stock worth $143,000 after buying an additional 3,861 shares during the period. US Bancorp DE raised its holdings in Builders FirstSource by 49.2% during the 1st quarter. US Bancorp DE now owns 72,231 shares of the company’s stock worth $1,077,000 after buying an additional 23,811 shares during the period. Globeflex Capital L P acquired a new stake in Builders FirstSource during the 1st quarter worth approximately $1,343,000. Peregrine Capital Management LLC acquired a new stake in Builders FirstSource during the 2nd quarter worth approximately $7,059,000. Finally, Wells Fargo & Company MN raised its holdings in Builders FirstSource by 24.6% during the 1st quarter. Wells Fargo & Company MN now owns 281,497 shares of the company’s stock worth $4,194,000 after buying an additional 55,596 shares during the period. Hedge funds and other institutional investors own 85.44% of the company’s stock.
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Shares of Builders FirstSource (BLDR) traded up 1.642% on Tuesday, reaching $17.025. The company’s stock had a trading volume of 248,795 shares. Builders FirstSource has a 12-month low of $9.04 and a 12-month high of $17.22. The company’s 50-day moving average is $16.10 and its 200 day moving average is $15.34. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 11.267 and a beta of 2.11.
Builders FirstSource Company Profile
Builders FirstSource, Inc is a supplier and manufacturer of building materials, manufactured components and construction services to professional contractors, sub-contractors, remodelers and consumers. The Company’s operating segments include Northeast, Southeast, South and West. As of December 31, 2016, it operated at 400 locations in 40 states across the United States.
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