Builders FirstSource (BLDR) Set to Announce Quarterly Earnings on Thursday
Builders FirstSource (NASDAQ:BLDR) is scheduled to announce its Q313 earnings results on Thursday, October 24th. Analysts expect the company to announce earnings of $0.03 per share and revenue of $418.20 million for the quarter.
Builders FirstSource (NASDAQ:BLDR) last released its earnings data on Thursday, July 25th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by $0.46. The company had revenue of $398.10 million for the quarter, compared to the consensus estimate of $378.41 million. During the same quarter last year, the company posted ($0.07) earnings per share. Builders FirstSource’s revenue was up 46.4% compared to the same quarter last year. On average, analysts expect Builders FirstSource to post $-0.02 EPS for the current fiscal year and $0.37 EPS for the next fiscal year.
Shares of Builders FirstSource (NASDAQ:BLDR) traded up 0.31% on Wednesday, hitting $6.38. The stock had a trading volume of 104,801 shares. Builders FirstSource has a one year low of $4.27 and a one year high of $7.33. The stock’s 50-day moving average is $5.77 and its 200-day moving average is $6.11. The company’s market cap is $614.7 million.
Several analysts have recently commented on the stock. Analysts at Stephens upgraded shares of Builders FirstSource from an “equal weight” rating to an “overweight” rating in a research note to investors on Friday, October 11th. On a related note, analysts at Imperial Capital raised their price target on shares of Builders FirstSource from $7.50 to $8.00 in a research note to investors on Monday, July 29th. They now have an “outperform” rating on the stock. Finally, analysts at Williams Financial Group raised their price target on shares of Builders FirstSource from $7.00 to $8.00 in a research note to investors on Monday, July 29th. They now have a “buy” rating on the stock.
Builders FirstSource, Inc is a supplier and manufacturer of structural and related building products for residential new construction.
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