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.
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.
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.
ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by WKRB News and is owned by of WKRB News. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright law. The legal version of this piece of content can be accessed at https://www.wkrb13.com/2018/04/02/analysts-anticipate-builders-firstsource-inc-bldr-to-post-0-16-earnings-per-share.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Builders FirstSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Builders FirstSource and related companies with MarketBeat.com's FREE daily email newsletter.