Analysts expect that Builders FirstSource, Inc. (NASDAQ:BLDR) will post earnings per share of $0.41 for the current quarter, Zacks reports. Six analysts have provided estimates for Builders FirstSource’s earnings, with the lowest EPS estimate coming in at $0.37 and the highest estimate coming in at $0.44. Builders FirstSource posted earnings of $0.61 per share during the same quarter last year, which would suggest a negative year over year growth rate of 32.8%. The firm is expected to issue its next earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that Builders FirstSource will report full-year earnings of $1.11 per share for the current fiscal year, with EPS estimates ranging from $1.04 to $1.15. For the next financial 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 Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Builders FirstSource.
Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.03. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.83 billion. Builders FirstSource had a return on equity of 43.83% and a net margin of 2.60%. Builders FirstSource’s revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 earnings per share.
A number of equities research analysts have recently commented on BLDR shares. Zacks Investment Research upgraded Builders FirstSource from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Wednesday, April 26th. BidaskClub upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. FBR & Co reiterated a “buy” rating and set a $20.00 price objective on shares of Builders FirstSource in a research report on Tuesday, June 27th. Deutsche Bank AG increased their price objective on Builders FirstSource from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Wedbush reiterated an “outperform” rating and set a $20.00 price objective (up previously from $19.00) on shares of Builders FirstSource in a research report on Wednesday, May 17th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Builders FirstSource presently has a consensus rating of “Buy” and an average price target of $17.29.
Builders FirstSource (BLDR) opened at 16.34 on Friday. The stock has a market cap of $1.84 billion, a P/E ratio of 10.81 and a beta of 2.16. Builders FirstSource has a 52-week low of $9.04 and a 52-week high of $17.22. The firm’s 50-day moving average price is $15.72 and its 200 day moving average price is $14.59.
In other news, CEO Floyd F. Sherman sold 35,000 shares of the stock in a transaction on Friday, June 9th. The stock was sold at an average price of $14.91, for a total value of $521,850.00. Following the completion of the sale, the chief executive officer now owns 633,635 shares in the company, valued at $9,447,497.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 14.60% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. bought a new position in Builders FirstSource during the first quarter worth $108,000. SG Americas Securities LLC bought a new position in Builders FirstSource during the second quarter worth $114,000. PNC Financial Services Group Inc. increased its position in Builders FirstSource by 10,237.3% in the second quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock worth $131,000 after buying an additional 8,497 shares during the period. Invictus RG bought a new position in Builders FirstSource during the first quarter worth $140,000. Finally, Envestnet Asset Management Inc. increased its position in Builders FirstSource by 68.3% in the first 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. Institutional investors own 84.81% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This piece was originally published by Transcript Daily and is owned by of Transcript Daily. If you are accessing this piece on another site, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The correct version of this piece can be accessed at https://transcriptdaily.com/2017/08/13/zacks-brokerages-anticipate-builders-firstsource-inc-nasdaqbldr-to-post-0-41-eps.html.
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.
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.