Builders FirstSource, Inc. (BLDR) Expected to Announce Earnings of $0.17 Per Share
Analysts forecast that Builders FirstSource, Inc. (NASDAQ:BLDR) will announce earnings of $0.17 per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Builders FirstSource’s earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at $0.13. Builders FirstSource posted earnings of $0.16 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.3%. The business is scheduled to issue its next earnings results after the market closes on Wednesday, February 28th.
On average, analysts expect that Builders FirstSource will report full-year earnings of $1.04 per share for the current financial year, with EPS estimates ranging from $1.00 to $1.06. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.66 per share, with EPS estimates ranging from $1.50 to $1.86. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Builders FirstSource.
BLDR has been the subject of a number of research reports. Stephens reaffirmed a “buy” rating and set a $27.00 price target on shares of Builders FirstSource in a research report on Wednesday, January 17th. BidaskClub raised Builders FirstSource from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 27th. Seaport Global Securities reaffirmed a “buy” rating and set a $26.00 price target on shares of Builders FirstSource in a research report on Wednesday, January 3rd. Citigroup boosted their price objective on Builders FirstSource from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, November 10th. Finally, Wedbush set a $30.00 price objective on Builders FirstSource and gave the company an “outperform” rating in a report on Friday, January 12th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $23.41.
Several institutional investors have recently made changes to their positions in the stock. Carillon Tower Advisers Inc. purchased a new position in shares of Builders FirstSource in the 4th quarter valued at about $72,560,000. Fuller & Thaler Asset Management Inc. increased its stake in shares of Builders FirstSource by 0.4% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 613,750 shares of the company’s stock valued at $13,374,000 after purchasing an additional 2,650 shares in the last quarter. Sawgrass Asset Management LLC purchased a new position in shares of Builders FirstSource in the 4th quarter valued at about $1,801,000. Suntrust Banks Inc. increased its stake in shares of Builders FirstSource by 13.6% in the 4th quarter. Suntrust Banks Inc. now owns 23,076 shares of the company’s stock valued at $502,000 after purchasing an additional 2,757 shares in the last quarter. Finally, American International Group Inc. increased its stake in shares of Builders FirstSource by 14.6% in the 4th quarter. American International Group Inc. now owns 74,373 shares of the company’s stock valued at $1,621,000 after purchasing an additional 9,485 shares in the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.
Shares of Builders FirstSource (BLDR) opened at $19.53 on Friday. Builders FirstSource has a 52-week low of $12.12 and a 52-week high of $23.28. The company has a debt-to-equity ratio of 4.46, a quick ratio of 1.06 and a current ratio of 1.86. The company has a market capitalization of $2,236.24, a PE ratio of 19.22 and a beta of 2.01.
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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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