Wall Street brokerages expect that Builders FirstSource, Inc. (NASDAQ:BLDR) will report earnings per share (EPS) of $0.61 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Builders FirstSource’s earnings. The lowest EPS estimate is $0.58 and the highest is $0.65. Builders FirstSource reported earnings per share of $0.39 in the same quarter last year, which indicates a positive year over year growth rate of 56.4%. The company is expected to announce its next earnings results on Wednesday, November 14th.

According to Zacks, analysts expect that Builders FirstSource will report full-year earnings of $1.86 per share for the current financial year, with EPS estimates ranging from $1.81 to $1.90. For the next fiscal year, analysts expect that the business will post earnings of $2.22 per share, with EPS estimates ranging from $2.06 to $2.35. 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.

Builders FirstSource (NASDAQ:BLDR) last issued its earnings results on Tuesday, August 7th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). Builders FirstSource had a return on equity of 44.19% and a net margin of 1.03%. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.06 billion.

A number of equities analysts recently issued reports on BLDR shares. Zacks Investment Research upgraded Builders FirstSource from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Monday, July 16th. TheStreet upgraded Builders FirstSource from a “c+” rating to a “b” rating in a report on Wednesday, August 15th. ValuEngine cut Builders FirstSource from a “buy” rating to a “hold” rating in a report on Friday, June 1st. Wedbush increased their target price on Builders FirstSource from $27.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, July 17th. Finally, Deutsche Bank cut their target price on Builders FirstSource from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Monday, August 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $22.42.

In other news, Director Robert C. Griffin sold 16,756 shares of the firm’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $17.15, for a total transaction of $287,365.40. Following the completion of the sale, the director now directly owns 30,104 shares of the company’s stock, valued at approximately $516,283.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Cleveland A. Christophe sold 30,000 shares of the firm’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $16.07, for a total value of $482,100.00. Following the sale, the director now directly owns 24,991 shares of the company’s stock, valued at $401,605.37. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 96,756 shares of company stock worth $1,779,965. Company insiders own 2.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in BLDR. Wells Fargo & Company MN increased its position in shares of Builders FirstSource by 0.9% during the 1st quarter. Wells Fargo & Company MN now owns 438,327 shares of the company’s stock valued at $8,697,000 after purchasing an additional 3,741 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Builders FirstSource during the 1st quarter valued at $224,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Builders FirstSource during the 1st quarter valued at $112,000. Mackay Shields LLC purchased a new stake in shares of Builders FirstSource during the 1st quarter valued at $3,835,000. Finally, Trexquant Investment LP purchased a new stake in shares of Builders FirstSource during the 1st quarter valued at $2,034,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Shares of BLDR opened at $15.47 on Wednesday. Builders FirstSource has a 12-month low of $15.26 and a 12-month high of $23.28. The company has a current ratio of 2.04, a quick ratio of 1.12 and a debt-to-equity ratio of 4.23. The firm has a market capitalization of $1.79 billion, a P/E ratio of 12.18 and a beta of 2.00.

Builders FirstSource Company Profile

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. Its products include lumber and lumber sheet goods comprising dimensional lumber, plywood, and OSB products that are used in on-site house framing; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand.

Recommended Story: Penny Stocks, Risk and Reward Factors

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

Earnings History and Estimates for Builders FirstSource (NASDAQ:BLDR)

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