Builders FirstSource, Inc. (NASDAQ:BLDR) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.40 per share for the quarter.

Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.03. Builders FirstSource had a return on equity of 43.83% and a net margin of 2.60%. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same period in the prior year, the company posted $0.31 EPS. The company’s revenue was up 9.9% compared to the same quarter last year. On average, analysts expect Builders FirstSource to post $1.11 EPS for the current fiscal year and $1.45 EPS for the next fiscal year.

Shares of Builders FirstSource, Inc. (BLDR) opened at 18.06 on Wednesday. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 11.95 and a beta of 2.09. The stock has a 50 day moving average price of $17.25 and a 200 day moving average price of $15.81. Builders FirstSource, Inc. has a 1-year low of $9.04 and a 1-year high of $18.43.

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BLDR has been the topic of a number of recent analyst reports. Wedbush reissued a “buy” rating and issued a $20.00 price objective on shares of Builders FirstSource in a research note on Thursday, September 7th. FBR & Co reissued a “buy” rating and issued a $20.00 price objective on shares of Builders FirstSource in a research note on Tuesday, June 27th. BidaskClub raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Deutsche Bank AG lifted their price objective on shares of Builders FirstSource from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Finally, Zacks Investment Research raised shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $17.33.

In other Builders FirstSource news, major shareholder Jll Partners Fund V. Lp sold 13,482,177 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $16.17, for a total transaction of $218,006,802.09. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Cleveland A. Christophe sold 36,000 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $16.66, for a total transaction of $599,760.00. Following the sale, the director now directly owns 48,181 shares in the company, valued at approximately $802,695.46. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,645,368 shares of company stock worth $220,735,138. Insiders own 14.60% of the company’s stock.

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.

Earnings History for Builders FirstSource (NASDAQ:BLDR)

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