FY2019 EPS Estimates for Builders FirstSource, Inc. Decreased by Analyst (BLDR)

Builders FirstSource, Inc. (NASDAQ:BLDR) – Research analysts at B. Riley reduced their FY2019 earnings per share (EPS) estimates for shares of Builders FirstSource in a report released on Wednesday, November 7th. B. Riley analyst A. Rygiel now expects that the company will post earnings of $1.82 per share for the year, down from their previous estimate of $1.95.

Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings data on Thursday, November 1st. The company reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.08. Builders FirstSource had a net margin of 1.44% and a return on equity of 48.32%. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same period in the prior year, the business posted $0.39 earnings per share. Builders FirstSource’s revenue was up 12.7% compared to the same quarter last year.

Several other equities analysts have also weighed in on the stock. ValuEngine lowered shares of Builders FirstSource from a “sell” rating to a “strong sell” rating in a report on Friday, September 21st. BidaskClub upgraded shares of Builders FirstSource from a “strong sell” rating to a “sell” rating in a report on Thursday, September 13th. Zacks Investment Research lowered shares of Builders FirstSource from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. Stephens downgraded shares of Builders FirstSource from an “overweight” rating to an “equal” rating and set a $19.00 target price for the company. in a research note on Thursday, October 18th. Finally, TheStreet raised shares of Builders FirstSource from a “c+” rating to a “b” rating in a research note on Wednesday, August 15th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $19.62.

Shares of NASDAQ BLDR opened at $13.06 on Thursday. Builders FirstSource has a fifty-two week low of $11.60 and a fifty-two week high of $23.28. The company has a market capitalization of $1.59 billion, a P/E ratio of 7.49, a price-to-earnings-growth ratio of 1.51 and a beta of 1.93. The company has a current ratio of 2.09, a quick ratio of 1.12 and a debt-to-equity ratio of 3.39.

Hedge funds have recently modified their holdings of the company. NumerixS Investment Technologies Inc increased its position in shares of Builders FirstSource by 229.8% during the second quarter. NumerixS Investment Technologies Inc now owns 5,600 shares of the company’s stock worth $101,000 after acquiring an additional 3,902 shares in the last quarter. Royal Bank of Canada increased its position in shares of Builders FirstSource by 140.2% during the first quarter. Royal Bank of Canada now owns 10,965 shares of the company’s stock worth $218,000 after acquiring an additional 6,401 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of Builders FirstSource during the third quarter worth $194,000. Cornerstone Wealth Management LLC bought a new stake in shares of Builders FirstSource during the second quarter worth $738,000. Finally, Wilen Investment Management CORP. bought a new stake in shares of Builders FirstSource during the second quarter worth $245,000. 91.55% of the stock is owned by institutional investors.

In other news, Director Floyd F. Sherman sold 196,512 shares of the stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $13.78, for a total transaction of $2,707,935.36. Following the completion of the sale, the director now owns 478,346 shares of the company’s stock, valued at $6,591,607.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Cleveland A. Christophe sold 30,000 shares of the stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $16.07, for a total transaction of $482,100.00. Following the sale, the director now directly owns 24,991 shares of the company’s stock, valued at approximately $401,605.37. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

Builders FirstSource Company Profile

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. Its products include lumber and lumber sheet goods comprising dimensional lumber, plywood, and OSB products that are used in on-site house framing; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand.

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

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