Equities research analysts expect that Builders FirstSource, Inc. (NASDAQ:BLDR) will announce sales of $1.91 billion for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Builders FirstSource’s earnings, with the lowest sales estimate coming in at $1.90 billion and the highest estimate coming in at $1.93 billion. Builders FirstSource posted sales of $2.09 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 8.6%. The firm is scheduled to report its next earnings results on Tuesday, August 6th.

According to Zacks, analysts expect that Builders FirstSource will report full-year sales of $7.39 billion for the current financial year, with estimates ranging from $7.13 billion to $7.51 billion. For the next fiscal year, analysts expect that the firm will post sales of $7.69 billion, with estimates ranging from $7.48 billion to $7.90 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Builders FirstSource.

Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.12. Builders FirstSource had a net margin of 2.84% and a return on equity of 41.88%. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the prior year, the business earned $0.24 EPS. The business’s quarterly revenue was down 4.1% on a year-over-year basis.

BLDR has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. BidaskClub cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. Zacks Investment Research cut shares of Builders FirstSource from a “hold” rating to a “strong sell” rating in a research note on Monday, February 4th. Buckingham Research initiated coverage on shares of Builders FirstSource in a research note on Monday, February 25th. They set a “neutral” rating and a $15.00 target price on the stock. Finally, TheStreet upgraded shares of Builders FirstSource from a “c+” rating to a “b-” rating in a research note on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $16.54.

In other Builders FirstSource news, Director Robert C. Griffin sold 11,133 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $15.08, for a total transaction of $167,885.64. Following the completion of the sale, the director now directly owns 36,852 shares of the company’s stock, valued at approximately $555,728.16. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Floyd F. Sherman sold 149,159 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $16.59, for a total transaction of $2,474,547.81. Following the sale, the director now directly owns 152,809 shares of the company’s stock, valued at $2,535,101.31. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 500,146 shares of company stock worth $8,134,697. 2.20% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Rhumbline Advisers grew its holdings in Builders FirstSource by 47.5% during the 4th quarter. Rhumbline Advisers now owns 151,071 shares of the company’s stock valued at $1,648,000 after buying an additional 48,668 shares in the last quarter. Virtu Financial LLC purchased a new stake in Builders FirstSource during the 4th quarter valued at approximately $121,000. Towle & Co. purchased a new stake in Builders FirstSource during the 4th quarter valued at approximately $18,592,000. Gotham Asset Management LLC purchased a new stake in Builders FirstSource during the 4th quarter valued at approximately $1,457,000. Finally, Metropolitan Life Insurance Co. NY grew its holdings in Builders FirstSource by 322.1% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 36,395 shares of the company’s stock valued at $397,000 after buying an additional 27,773 shares in the last quarter. 93.22% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:BLDR traded up $0.79 during trading on Thursday, hitting $14.92. The company’s stock had a trading volume of 1,268,428 shares, compared to its average volume of 972,165. Builders FirstSource has a 12 month low of $10.15 and a 12 month high of $20.79. The company has a quick ratio of 1.02, a current ratio of 1.88 and a debt-to-equity ratio of 2.47. The stock has a market capitalization of $1.63 billion, a PE ratio of 7.85, a price-to-earnings-growth ratio of 1.69 and a beta of 2.04.

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

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