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.
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.
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