Zacks: Analysts Expect Builders FirstSource, Inc. (NASDAQ:BLDR) to Post $0.33 EPS
Analysts expect Builders FirstSource, Inc. (NASDAQ:BLDR) to post earnings per share of $0.33 for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Builders FirstSource’s earnings. The highest EPS estimate is $0.35 and the lowest is $0.28. Builders FirstSource reported earnings per share of $0.31 during the same quarter last year, which suggests a positive year-over-year growth rate of 6.5%. The company is scheduled to issue its next quarterly earnings report after the market closes on Thursday, August 3rd.
On average, analysts expect that Builders FirstSource will report full year earnings of $1.07 per share for the current fiscal year, with EPS estimates ranging from $0.95 to $1.25. For the next financial year, analysts forecast that the company will report earnings of $1.53 per share, with EPS estimates ranging from $1.32 to $1.78. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Builders FirstSource.
Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings data on Monday, May 8th. The company reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.06. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.49 billion. Builders FirstSource had a net margin of 2.54% and a return on equity of 48.88%. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.13) earnings per share.
BLDR has been the topic of several research analyst reports. Zacks Investment Research raised shares of Builders FirstSource from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Wednesday, April 26th. BidaskClub raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. FBR & Co reissued a “buy” rating and set a $20.00 target price on shares of Builders FirstSource in a research report on Tuesday, June 27th. Wedbush reissued an “outperform” rating and set a $20.00 target price (up previously from $19.00) on shares of Builders FirstSource in a research report on Wednesday, May 17th. Finally, Citigroup Inc. boosted their target price on shares of Builders FirstSource from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $17.00.
In other news, insider Morris E. Tolly sold 50,268 shares of the company’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $14.81, for a total value of $744,469.08. Following the sale, the insider now directly owns 126,205 shares of the company’s stock, valued at approximately $1,869,096.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Floyd F. Sherman sold 35,000 shares of the company’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $14.91, for a total transaction of $521,850.00. Following the completion of the sale, the chief executive officer now directly owns 633,635 shares in the company, valued at $9,447,497.85. The disclosure for this sale can be found here. 14.60% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. State Street Corp increased its stake in Builders FirstSource by 5.2% in the fourth quarter. State Street Corp now owns 1,448,327 shares of the company’s stock valued at $15,886,000 after buying an additional 71,805 shares during the period. Dimensional Fund Advisors LP boosted its position in Builders FirstSource by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,947,932 shares of the company’s stock valued at $32,340,000 after buying an additional 130,963 shares in the last quarter. Teachers Advisors LLC boosted its position in Builders FirstSource by 7.0% in the fourth quarter. Teachers Advisors LLC now owns 196,860 shares of the company’s stock valued at $2,160,000 after buying an additional 12,842 shares in the last quarter. Sheets Smith Wealth Management purchased a new position in Builders FirstSource during the first quarter valued at about $358,000. Finally, Fox Run Management L.L.C. boosted its position in Builders FirstSource by 59.6% in the first quarter. Fox Run Management L.L.C. now owns 32,400 shares of the company’s stock valued at $483,000 after buying an additional 12,100 shares in the last quarter. 84.49% of the stock is currently owned by institutional investors and hedge funds.
Shares of Builders FirstSource (NASDAQ BLDR) traded up 1.61% on Tuesday, reaching $15.77. 637,987 shares of the company were exchanged. Builders FirstSource has a 52 week low of $9.04 and a 52 week high of $16.50. The firm’s 50 day moving average price is $15.27 and its 200 day moving average price is $14.18. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 11.02 and a beta of 2.15.
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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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