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.
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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.
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