Zacks: Brokerages Expect Builders FirstSource, Inc. (BLDR) Will Post Earnings of $0.41 Per Share
Brokerages expect that Builders FirstSource, Inc. (NASDAQ:BLDR) will announce earnings of $0.41 per share for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Builders FirstSource’s earnings. The highest EPS estimate is $0.44 and the lowest is $0.37. Builders FirstSource reported earnings per share of $0.61 in the same quarter last year, which suggests a negative year-over-year growth rate of 32.8%. The firm is expected to announce its next quarterly earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that Builders FirstSource will report full-year earnings of $1.11 per share for the current year, with EPS estimates ranging from $1.04 to $1.15. For the next year, analysts anticipate that the firm will report earnings of $1.46 per share, with EPS estimates ranging from $1.26 to $1.60. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Builders FirstSource.
Builders FirstSource (NASDAQ:BLDR) last announced its earnings results on Thursday, August 3rd. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.03. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.83 billion. Builders FirstSource had a net margin of 2.60% and a return on equity of 43.83%. Builders FirstSource’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 EPS.
Several brokerages have weighed in on BLDR. Deutsche Bank AG boosted their price objective on Builders FirstSource from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Zacks Investment Research cut Builders FirstSource from a “hold” rating to a “sell” rating in a report on Thursday, May 4th. BidaskClub raised Builders FirstSource from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. FBR & Co reissued a “buy” rating and set a $20.00 price objective on shares of Builders FirstSource in a report on Tuesday, June 27th. Finally, Citigroup Inc. boosted their price objective on Builders FirstSource from $14.00 to $17.00 and gave the stock a “neutral” rating in a report on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $17.29.
Shares of Builders FirstSource (NASDAQ BLDR) traded down 0.06% during trading on Thursday, reaching $16.28. 820,388 shares of the company were exchanged. The stock has a 50-day moving average of $15.79 and a 200 day moving average of $14.89. The stock has a market capitalization of $1.83 billion, a P/E ratio of 10.77 and a beta of 2.16. Builders FirstSource has a 52-week low of $9.04 and a 52-week high of $17.22.
In other news, CEO Floyd F. Sherman sold 35,000 shares of the business’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $14.91, for a total transaction of $521,850.00. Following the completion of the transaction, the chief executive officer now directly owns 633,635 shares in the company, valued at approximately $9,447,497.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 14.60% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. bought a new position in Builders FirstSource during the first quarter valued at about $108,000. SG Americas Securities LLC bought a new position in Builders FirstSource during the second quarter valued at about $114,000. PNC Financial Services Group Inc. raised its position in 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 buying an additional 8,497 shares during the last quarter. Invictus RG bought a new position in Builders FirstSource during the first quarter valued at about $140,000. Finally, Envestnet Asset Management Inc. raised its position in Builders FirstSource by 68.3% in the first quarter. Envestnet Asset Management Inc. now owns 9,511 shares of the company’s stock valued at $143,000 after buying an additional 3,861 shares during the last quarter. Institutional investors own 85.48% of the company’s stock.
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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