Builders FirstSource, Inc. to Post FY2017 Earnings of $1.05 Per Share, B. Riley Forecasts (BLDR)
Builders FirstSource, Inc. (NASDAQ:BLDR) – Stock analysts at B. Riley lowered their FY2017 earnings per share estimates for shares of Builders FirstSource in a report issued on Friday. B. Riley analyst A. Rygiel now expects that the company will earn $1.05 per share for the year, down from their previous forecast of $1.13. B. Riley currently has a “Buy” rating and a $24.00 price target on the stock. B. Riley also issued estimates for Builders FirstSource’s Q4 2017 earnings at $0.18 EPS.
Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.87 billion. Builders FirstSource had a return on equity of 33.66% and a net margin of 1.29%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the business posted $0.61 EPS. ILLEGAL ACTIVITY WARNING: This piece of content was first posted by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of international copyright laws. The original version of this piece of content can be accessed at https://www.watchlistnews.com/builders-firstsource-inc-to-post-fy2017-earnings-of-1-05-per-share-b-riley-forecasts-bldr/1701688.html.
A number of other research firms have also recently commented on BLDR. Zacks Investment Research cut Builders FirstSource from a “hold” rating to a “sell” rating in a report on Monday, October 9th. BidaskClub raised Builders FirstSource from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Wedbush reissued a “buy” rating and set a $20.00 price target on shares of Builders FirstSource in a report on Thursday, September 7th. Deutsche Bank AG raised their price target on Builders FirstSource from $17.00 to $19.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. Finally, Barclays PLC raised their price target on Builders FirstSource from $15.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Builders FirstSource presently has an average rating of “Buy” and a consensus price target of $19.50.
Builders FirstSource (BLDR) opened at $17.96 on Monday. The firm has a market capitalization of $2,084.90, a price-to-earnings ratio of 17.92 and a beta of 2.14. The company has a current ratio of 1.86, a quick ratio of 1.06 and a debt-to-equity ratio of 4.46. Builders FirstSource has a 52-week low of $10.13 and a 52-week high of $18.82.
Several hedge funds and other institutional investors have recently made changes to their positions in BLDR. SG Americas Securities LLC purchased a new stake in shares of Builders FirstSource in the second quarter valued at approximately $114,000. Ameritas Investment Partners Inc. boosted its holdings in shares of Builders FirstSource by 17.3% in the second quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock valued at $130,000 after purchasing an additional 1,253 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Builders FirstSource by 10,237.3% in the second quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock valued at $131,000 after purchasing an additional 8,497 shares during the period. Victory Capital Management Inc. purchased a new stake in shares of Builders FirstSource in the third quarter valued at approximately $147,000. Finally, Wilen Investment Management CORP. purchased a new stake in shares of Builders FirstSource in the second quarter valued at approximately $150,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.
In other Builders FirstSource news, major shareholder Jll Partners Fund V. Lp sold 13,482,177 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $16.17, for a total transaction of $218,006,802.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Cleveland A. Christophe sold 36,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $16.66, for a total value of $599,760.00. Following the transaction, the director now owns 48,181 shares of the company’s stock, valued at approximately $802,695.46. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,645,368 shares of company stock valued at $220,735,138. 14.60% of the stock is currently owned by company insiders.
About Builders FirstSource
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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