Builders FirstSource, Inc. (NASDAQ:BLDR) Expected to Announce Earnings of $0.27 Per Share

Share on StockTwits

Wall Street brokerages expect Builders FirstSource, Inc. (NASDAQ:BLDR) to announce earnings of $0.27 per share for the current quarter, according to Zacks. Five analysts have made estimates for Builders FirstSource’s earnings. The lowest EPS estimate is $0.26 and the highest is $0.29. Builders FirstSource reported earnings of $0.46 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 41.3%. The firm is expected to report its next earnings report on Thursday, February 27th.

On average, analysts expect that Builders FirstSource will report full-year earnings of $1.85 per share for the current financial year, with EPS estimates ranging from $1.84 to $1.86. For the next financial year, analysts expect that the company will post earnings of $1.97 per share, with EPS estimates ranging from $1.92 to $2.00. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Builders FirstSource.

Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.12. Builders FirstSource had a net margin of 3.17% and a return on equity of 38.96%. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the firm posted $0.67 EPS. Builders FirstSource’s revenue for the quarter was down 6.5% on a year-over-year basis.

A number of brokerages have issued reports on BLDR. Stephens upgraded shares of Builders FirstSource from an “equal” rating to an “overweight” rating and lifted their target price for the stock from $21.00 to $28.00 in a research report on Wednesday, October 16th. ValuEngine upgraded shares of Builders FirstSource from a “sell” rating to a “hold” rating in a report on Friday. DA Davidson lifted their price target on shares of Builders FirstSource to $21.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Zacks Investment Research upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Monday, October 7th. Finally, BidaskClub upgraded shares of Builders FirstSource from a “buy” rating to a “strong-buy” rating in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Builders FirstSource has a consensus rating of “Hold” and an average price target of $18.27.

In related news, CEO M Chad Crow sold 87,657 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $20.05, for a total value of $1,757,522.85. Following the completion of the sale, the chief executive officer now directly owns 246,839 shares in the company, valued at $4,949,121.95. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO David E. Rush sold 2,351 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $19.48, for a total transaction of $45,797.48. Following the completion of the sale, the chief operating officer now owns 42,886 shares of the company’s stock, valued at $835,419.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 219,744 shares of company stock valued at $4,258,449. Insiders own 2.20% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in BLDR. Public Employees Retirement System of Ohio grew its stake in Builders FirstSource by 15.7% during the second quarter. Public Employees Retirement System of Ohio now owns 4,758 shares of the company’s stock worth $80,000 after buying an additional 645 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Builders FirstSource by 16.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,173 shares of the company’s stock worth $148,000 after buying an additional 994 shares during the period. Janus Henderson Group PLC grew its stake in Builders FirstSource by 7.3% during the second quarter. Janus Henderson Group PLC now owns 22,313 shares of the company’s stock worth $376,000 after buying an additional 1,522 shares during the period. HM Payson & Co. purchased a new stake in Builders FirstSource during the second quarter worth approximately $34,000. Finally, Bank of Montreal Can grew its stake in Builders FirstSource by 2.8% during the second quarter. Bank of Montreal Can now owns 91,924 shares of the company’s stock worth $1,549,000 after buying an additional 2,542 shares during the period. Hedge funds and other institutional investors own 87.22% of the company’s stock.

Builders FirstSource stock traded up $1.69 during midday trading on Friday, hitting $24.30. 2,776,800 shares of the company’s stock were exchanged, compared to its average volume of 1,284,777. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.96 and a current ratio of 1.69. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 12.79 and a beta of 1.88. The firm’s 50 day simple moving average is $21.30 and its 200 day simple moving average is $17.80. Builders FirstSource has a 12-month low of $10.15 and a 12-month high of $24.67.

Builders FirstSource Company Profile

Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand name.

Read More: What Does a Sell-Side Analyst Rating Mean?

Get a free copy of the Zacks research report on Builders FirstSource (BLDR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Builders FirstSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Builders FirstSource and related companies with MarketBeat.com's FREE daily email newsletter.