Analysts predict that Builders FirstSource, Inc. (NASDAQ:BLDR) will post sales of $1.69 billion for the current quarter, according to Zacks. Six analysts have issued estimates for Builders FirstSource’s earnings. The highest sales estimate is $1.70 billion and the lowest is $1.66 billion. Builders FirstSource posted sales of $1.55 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 9%. The firm is expected to report its next earnings report on Tuesday, February 27th.

On average, analysts expect that Builders FirstSource will report full-year sales of $1.69 billion for the current fiscal year, with estimates ranging from $6.91 billion to $6.98 billion. For the next year, analysts anticipate that the company will post sales of $7.43 billion per share, with estimates ranging from $7.34 billion to $7.58 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Builders FirstSource.

Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. Builders FirstSource had a return on equity of 33.66% and a net margin of 1.29%. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the firm posted $0.61 earnings per share. The business’s revenue was up 7.6% on a year-over-year basis.

Several analysts recently weighed in on BLDR shares. Deutsche Bank lifted their price target on Builders FirstSource from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Wedbush reissued a “buy” rating and set a $20.00 price target on shares of Builders FirstSource in a report on Thursday, September 7th. B. Riley lifted their price target on Builders FirstSource from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 10th. ValuEngine cut Builders FirstSource from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Finally, SunTrust Banks reissued a “buy” rating and set a $20.00 price target on shares of Builders FirstSource in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. Builders FirstSource presently has an average rating of “Buy” and an average target price of $20.00.

In other Builders FirstSource news, SVP Donald F. Mcaleenan sold 166,714 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $18.16, for a total transaction of $3,027,526.24. Following the transaction, the senior vice president now owns 179,805 shares in the company, valued at approximately $3,265,258.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Floyd F. Sherman sold 40,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $19.43, for a total value of $777,200.00. Following the transaction, the chief executive officer now owns 623,635 shares in the company, valued at approximately $12,117,228.05. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 528,289 shares of company stock worth $9,421,986. Corporate insiders own 14.60% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC bought a new position in Builders FirstSource during the 3rd quarter worth $110,000. SG Americas Securities LLC bought a new position in Builders FirstSource during the 2nd quarter worth $114,000. Victory Capital Management Inc. bought a new position in Builders FirstSource during the 3rd quarter worth $147,000. Ameritas Investment Partners Inc. increased its stake in Builders FirstSource by 17.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock worth $130,000 after acquiring an additional 1,253 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in Builders FirstSource by 10,237.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock worth $131,000 after acquiring an additional 8,497 shares during the period. Hedge funds and other institutional investors own 94.55% of the company’s stock.

Shares of Builders FirstSource (BLDR) opened at $20.07 on Wednesday. The firm has a market capitalization of $2,270.00, a P/E ratio of 19.40 and a beta of 2.15. The company has a debt-to-equity ratio of 4.46, a quick ratio of 1.06 and a current ratio of 1.86. Builders FirstSource has a fifty-two week low of $10.56 and a fifty-two week high of $20.86.

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About Builders FirstSource

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

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