Analysts forecast that Builders FirstSource, Inc. (NASDAQ:BLDR) will post earnings of $0.17 per share for the current quarter, Zacks reports. Six analysts have made estimates for Builders FirstSource’s earnings. The highest EPS estimate is $0.19 and the lowest is $0.13. Builders FirstSource reported earnings per share of $0.16 during the same quarter last year, which suggests a positive year over year growth rate of 6.3%. The business is scheduled to report its next earnings report after the market closes on Wednesday, February 28th.
On average, analysts expect that Builders FirstSource will report full year earnings of $1.04 per share for the current year, with EPS estimates ranging from $1.00 to $1.06. For the next fiscal year, analysts anticipate that the business will report earnings of $1.66 per share, with EPS estimates ranging from $1.50 to $1.86. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Builders FirstSource.
Several equities analysts recently commented on the company. Barclays upped their target price on Builders FirstSource from $15.00 to $17.00 and gave the company an “equal weight” rating in a research note on Friday, November 10th. ValuEngine upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. SunTrust Banks reiterated a “buy” rating and issued a $20.00 target price on shares of Builders FirstSource in a research note on Friday, November 10th. Stifel Nicolaus upped their target price on Builders FirstSource from $23.00 to $26.50 and gave the company a “buy” rating in a research note on Monday, January 22nd. Finally, Zacks Investment Research upgraded Builders FirstSource from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $23.41.
Hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. grew its position in Builders FirstSource by 156.4% during the second quarter. Ameriprise Financial Inc. now owns 218,727 shares of the company’s stock valued at $3,351,000 after acquiring an additional 133,410 shares during the period. Fisher Asset Management LLC purchased a new stake in shares of Builders FirstSource in the third quarter worth about $1,290,000. Boston Advisors LLC purchased a new stake in shares of Builders FirstSource in the third quarter worth about $304,000. Strs Ohio purchased a new stake in shares of Builders FirstSource in the third quarter worth about $1,133,000. Finally, Capital Growth Management LP purchased a new stake in shares of Builders FirstSource in the third quarter worth about $630,000. 96.73% of the stock is owned by hedge funds and other institutional investors.
Builders FirstSource (NASDAQ:BLDR) traded up $0.07 during trading on Friday, reaching $19.80. The company had a trading volume of 2,086,622 shares, compared to its average volume of 1,350,000. The firm has a market capitalization of $2,240.00, a price-to-earnings ratio of 26.05 and a beta of 2.01. Builders FirstSource has a 52-week low of $11.78 and a 52-week high of $23.28. The company has a debt-to-equity ratio of 4.46, a current ratio of 1.86 and a quick ratio of 1.06.
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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