Wall Street analysts forecast that Builders FirstSource, Inc. (NASDAQ:BLDR) will report earnings per share of $0.22 for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Builders FirstSource’s earnings, with the highest EPS estimate coming in at $0.24 and the lowest estimate coming in at $0.18. Builders FirstSource posted earnings per share of $0.24 in the same quarter last year, which would indicate a negative year over year growth rate of 8.3%. The firm is expected to report its next earnings results on Wednesday, May 8th.
On average, analysts expect that Builders FirstSource will report full year earnings of $1.61 per share for the current fiscal year, with EPS estimates ranging from $1.39 to $1.75. For the next fiscal year, analysts anticipate that the company will post earnings of $1.75 per share, with EPS estimates ranging from $1.65 to $1.90. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Builders FirstSource.
A number of equities research analysts recently weighed in on BLDR shares. TheStreet raised Builders FirstSource from a “c+” rating to a “b-” rating in a research report on Wednesday, March 20th. BidaskClub raised Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Thursday, January 31st. B. Riley decreased their target price on Builders FirstSource from $22.00 to $18.00 and set a “buy” rating on the stock in a research report on Tuesday, March 5th. Barclays decreased their target price on Builders FirstSource from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 12th. Finally, Zacks Investment Research raised Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.77.
BLDR stock traded up $0.36 during trading on Wednesday, reaching $12.91. 8,419 shares of the stock were exchanged, compared to its average volume of 1,108,537. Builders FirstSource has a twelve month low of $10.15 and a twelve month high of $20.79. The company has a market cap of $1.45 billion, a PE ratio of 6.73, a price-to-earnings-growth ratio of 1.56 and a beta of 2.23. The company has a quick ratio of 1.06, a current ratio of 1.88 and a debt-to-equity ratio of 2.59.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fuller & Thaler Asset Management Inc. grew its position in Builders FirstSource by 511.1% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 3,443,323 shares of the company’s stock valued at $50,548,000 after purchasing an additional 2,879,817 shares during the last quarter. Towle & Co. acquired a new stake in shares of Builders FirstSource during the 4th quarter worth about $18,592,000. Raging Capital Management LLC raised its position in shares of Builders FirstSource by 111.9% during the 3rd quarter. Raging Capital Management LLC now owns 3,112,937 shares of the company’s stock worth $45,698,000 after acquiring an additional 1,643,836 shares in the last quarter. Norges Bank acquired a new position in Builders FirstSource during the fourth quarter worth approximately $16,471,000. Finally, Stadium Capital Management LLC increased its position in Builders FirstSource by 38.5% during the third quarter. Stadium Capital Management LLC now owns 4,677,724 shares of the company’s stock worth $68,669,000 after buying an additional 1,301,269 shares during the period. 95.12% of the stock is currently owned by institutional investors.
About Builders FirstSource
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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