Analysts Anticipate Builders FirstSource, Inc. (BLDR) to Post $0.16 Earnings Per Share

Wall Street brokerages predict that Builders FirstSource, Inc. (NASDAQ:BLDR) will post earnings per share (EPS) of $0.16 for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Builders FirstSource’s earnings, with estimates ranging from $0.13 to $0.20. Builders FirstSource reported earnings of $0.11 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 45.5%. The firm is scheduled to announce its next earnings report on Monday, May 14th.

On average, analysts expect that Builders FirstSource will report full year earnings of $1.80 per share for the current year, with EPS estimates ranging from $1.65 to $1.93. For the next financial year, analysts forecast that the company will report earnings of $2.25 per share, with EPS estimates ranging from $2.05 to $2.43. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Builders FirstSource.

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Builders FirstSource (NASDAQ:BLDR) last posted its earnings results on Wednesday, February 28th. The company reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.23. Builders FirstSource had a net margin of 0.55% and a return on equity of 39.79%. The firm had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter last year, the firm earned $0.16 EPS. The company’s quarterly revenue was up 15.0% compared to the same quarter last year.

Several equities analysts have commented on the stock. BidaskClub cut shares of Builders FirstSource from a “hold” rating to a “sell” rating in a research report on Wednesday, March 28th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Builders FirstSource in a report on Friday, March 2nd. Wedbush reaffirmed an “outperform” rating and issued a $30.00 price target on shares of Builders FirstSource in a report on Thursday, March 1st. ValuEngine raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research raised shares of Builders FirstSource from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. Builders FirstSource currently has a consensus rating of “Buy” and an average price target of $23.41.

In related news, SVP Donald F. Mcaleenan sold 194,043 shares of Builders FirstSource stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $21.66, for a total value of $4,202,971.38. Following the completion of the transaction, the senior vice president now directly owns 442,148 shares in the company, valued at approximately $9,576,925.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Peter M. Jackson sold 11,972 shares of Builders FirstSource stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $21.44, for a total transaction of $256,679.68. Following the completion of the transaction, the chief financial officer now owns 32,305 shares of the company’s stock, valued at $692,619.20. The disclosure for this sale can be found here. Insiders sold a total of 409,650 shares of company stock worth $8,790,722 in the last ninety days. 14.60% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in BLDR. Cubist Systematic Strategies LLC purchased a new position in Builders FirstSource in the 3rd quarter valued at approximately $110,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Builders FirstSource by 58.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,462 shares of the company’s stock valued at $163,000 after buying an additional 2,766 shares in the last quarter. Trexquant Investment LP purchased a new position in Builders FirstSource in the 3rd quarter valued at approximately $204,000. Tocqueville Asset Management L.P. purchased a new position in Builders FirstSource in the 4th quarter valued at approximately $207,000. Finally, Paloma Partners Management Co purchased a new position in Builders FirstSource in the 4th quarter valued at approximately $226,000. Institutional investors and hedge funds own 97.99% of the company’s stock.

Shares of Builders FirstSource stock traded down $1.09 during mid-day trading on Monday, hitting $18.75. 1,596,026 shares of the stock were exchanged, compared to its average volume of 1,265,192. Builders FirstSource has a 12 month low of $13.33 and a 12 month high of $23.28. The company has a quick ratio of 0.99, a current ratio of 1.75 and a debt-to-equity ratio of 4.71. The stock has a market cap of $2,264.15, a P/E ratio of 14.76 and a beta of 2.05.

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

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