$0.33 Earnings Per Share Expected for Builders FirstSource, Inc. (BLDR) This Quarter

Analysts expect that Builders FirstSource, Inc. (NASDAQ:BLDR) will announce $0.33 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Builders FirstSource’s earnings, with the lowest EPS estimate coming in at $0.28 and the highest estimate coming in at $0.37. Builders FirstSource reported earnings per share of $0.31 in the same quarter last year, which suggests a positive year-over-year growth rate of 6.5%. The company is scheduled to report its next earnings report on Thursday, August 3rd.

On average, analysts expect that Builders FirstSource will report full year earnings of $1.07 per share for the current financial year, with EPS estimates ranging from $0.95 to $1.25. For the next financial year, analysts anticipate that the company will post earnings of $1.53 per share, with EPS estimates ranging from $1.32 to $1.78. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Builders FirstSource.

Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings data on Monday, May 8th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.49 billion. Builders FirstSource had a return on equity of 49.20% and a net margin of 2.03%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.13) EPS.

BLDR has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Builders FirstSource from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Monday, March 27th. Citigroup Inc boosted their target price on shares of Builders FirstSource from $14.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, May 11th. Wedbush reissued an “outperform” rating and set a $20.00 target price (up from $19.00) on shares of Builders FirstSource in a research note on Wednesday, May 17th. Finally, FBR & Co reissued an “outperform” rating and set a $20.00 target price (up from $15.00) on shares of Builders FirstSource in a research note on Friday, March 10th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Builders FirstSource currently has a consensus rating of “Hold” and a consensus target price of $17.00.

Shares of Builders FirstSource (NASDAQ:BLDR) traded down 2.57% on Monday, reaching $14.05. The company’s stock had a trading volume of 743,374 shares. The company has a 50 day moving average of $14.92 and a 200 day moving average of $13.19. Builders FirstSource has a 1-year low of $9.04 and a 1-year high of $16.50. The stock has a market capitalization of $1.58 billion, a P/E ratio of 9.82 and a beta of 2.30.

WARNING: “$0.33 Earnings Per Share Expected for Builders FirstSource, Inc. (BLDR) This Quarter” was first reported by Stock Observer and is the sole property of of Stock Observer. If you are viewing this news story on another site, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this news story can be viewed at https://www.thestockobserver.com/2017/06/20/0-33-earnings-per-share-expected-for-builders-firstsource-inc-bldr-this-quarter-updated-updated.html.

In related news, SVP Morris E. Tolly sold 50,000 shares of the company’s stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $14.84, for a total value of $742,000.00. Following the completion of the sale, the senior vice president now directly owns 226,473 shares of the company’s stock, valued at $3,360,859.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul S. Levy sold 10,000,000 shares of the company’s stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $14.51, for a total transaction of $145,100,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,115,268 shares of company stock valued at $146,816,269. 36.20% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its stake in Builders FirstSource by 384.0% in the first quarter. Goldman Sachs Group Inc. now owns 325,590 shares of the company’s stock worth $4,851,000 after buying an additional 258,324 shares during the period. Point72 Asset Management L.P. raised its stake in Builders FirstSource by 217.5% in the first quarter. Point72 Asset Management L.P. now owns 206,400 shares of the company’s stock worth $3,075,000 after buying an additional 141,400 shares during the period. Driehaus Capital Management LLC acquired a new stake in Builders FirstSource during the first quarter worth $4,843,000. Caxton Associates LP acquired a new stake in Builders FirstSource during the first quarter worth $4,470,000. Finally, Tudor Investment Corp ET AL raised its stake in Builders FirstSource by 284.6% in the first quarter. Tudor Investment Corp ET AL now owns 78,860 shares of the company’s stock worth $1,175,000 after buying an additional 58,355 shares during the period. 80.91% of the stock is owned by institutional investors.

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.

Get a free copy of the Zacks research report on Builders FirstSource (BLDR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Builders FirstSource Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Builders FirstSource Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply