$0.61 Earnings Per Share Expected for Builders FirstSource, Inc. (BLDR) This Quarter
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.
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.
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