FY2018 EPS Estimates for Builders FirstSource, Inc. (BLDR) Boosted by B. Riley

Builders FirstSource, Inc. (NASDAQ:BLDR) – Research analysts at B. Riley increased their FY2018 earnings estimates for shares of Builders FirstSource in a research note issued to investors on Wednesday. B. Riley analyst A. Rygiel now expects that the company will earn $1.76 per share for the year, up from their previous forecast of $1.45. B. Riley has a “Buy” rating and a $24.00 price target on the stock.

A number of other equities analysts have also weighed in on BLDR. Wedbush restated a “buy” rating and issued a $20.00 price objective on shares of Builders FirstSource in a report on Thursday, September 7th. Zacks Investment Research lowered shares of Builders FirstSource from a “hold” rating to a “sell” rating in a report on Monday, October 9th. Citigroup boosted their price objective on shares of Builders FirstSource from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, November 10th. Barclays boosted their price objective on shares of Builders FirstSource from $15.00 to $17.00 and gave the stock an “equal weight” rating in a report on Friday, November 10th. Finally, SunTrust Banks restated a “buy” rating and issued a $20.00 price objective on shares of Builders FirstSource in a report on Friday, November 10th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $20.75.

Shares of Builders FirstSource (NASDAQ:BLDR) traded down $0.06 on Friday, hitting $22.35. The stock had a trading volume of 1,508,400 shares, compared to its average volume of 1,974,367. 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 12-month low of $10.56 and a 12-month high of $22.65. The company has a market cap of $2,550.00, a PE ratio of 29.41 and a beta of 2.15.

Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Builders FirstSource had a return on equity of 33.66% and a net margin of 1.29%. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the previous year, the firm posted $0.61 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Cubist Systematic Strategies LLC purchased a new stake in Builders FirstSource during the 3rd quarter valued at $110,000. SG Americas Securities LLC purchased a new stake in Builders FirstSource during the 2nd quarter valued at $114,000. Ameritas Investment Partners Inc. raised 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 valued at $130,000 after buying an additional 1,253 shares during the last quarter. PNC Financial Services Group Inc. raised 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 valued at $131,000 after buying an additional 8,497 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in Builders FirstSource during the 3rd quarter valued at $147,000. Institutional investors and hedge funds own 94.48% of the company’s stock.

In other Builders FirstSource news, CEO Floyd F. Sherman sold 40,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $19.43, for a total transaction of $777,200.00. Following the completion of the sale, the chief executive officer now directly owns 623,635 shares in the company, valued at approximately $12,117,228.05. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Donald F. Mcaleenan sold 166,714 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $18.16, for a total transaction of $3,027,526.24. Following the sale, the senior vice president now owns 179,805 shares of the company’s stock, valued at $3,265,258.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 377,598 shares of company stock valued at $6,950,025. 14.60% of the stock is owned by company insiders.

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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.

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

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