Brokerages Anticipate Builders FirstSource, Inc. (NASDAQ:BLDR) Will Announce Earnings of $0.47 Per Share

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Wall Street brokerages forecast that Builders FirstSource, Inc. (NASDAQ:BLDR) will announce $0.47 earnings per share for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Builders FirstSource’s earnings. The highest EPS estimate is $0.51 and the lowest is $0.42. Builders FirstSource posted earnings per share of $0.54 during the same quarter last year, which suggests a negative year over year growth rate of 13%. The company is expected to issue its next quarterly earnings report after the market closes on Thursday, August 1st.

According to Zacks, analysts expect that Builders FirstSource will report full-year earnings of $1.69 per share for the current financial year, with EPS estimates ranging from $1.57 to $1.80. For the next year, analysts anticipate that the business will post earnings of $1.87 per share, with EPS estimates ranging from $1.49 to $2.16. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Builders FirstSource.

Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.12. Builders FirstSource had a return on equity of 41.88% and a net margin of 2.84%. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period in the previous year, the firm earned $0.24 earnings per share. The company’s revenue was down 4.1% compared to the same quarter last year.

A number of equities analysts have recently weighed in on BLDR shares. Wedbush reaffirmed an “outperform” rating on shares of Idera Pharmaceuticals in a research report on Friday, May 3rd. BidaskClub lowered Inovio Pharmaceuticals from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 1st. ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Zacks Investment Research lowered Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 9th. Finally, TheStreet raised United States Lime & Minerals from a “c+” rating to a “b” rating in a research report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. Builders FirstSource has an average rating of “Hold” and an average target price of $16.25.

Shares of NASDAQ:BLDR traded up $0.02 during trading on Friday, reaching $16.53. 50,962 shares of the stock were exchanged, compared to its average volume of 898,164. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.02 and a current ratio of 1.88. Builders FirstSource has a 1-year low of $10.15 and a 1-year high of $18.62. The stock has a fifty day moving average price of $15.72. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 8.56, a price-to-earnings-growth ratio of 2.02 and a beta of 2.09.

In related news, Director Robert C. Griffin sold 11,133 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $15.08, for a total value of $167,885.64. Following the completion of the sale, the director now directly owns 36,852 shares of the company’s stock, valued at approximately $555,728.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Floyd F. Sherman sold 149,159 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $16.59, for a total value of $2,474,547.81. Following the completion of the sale, the director now directly owns 152,809 shares of the company’s stock, valued at $2,535,101.31. The disclosure for this sale can be found here. Insiders sold a total of 500,146 shares of company stock valued at $8,134,697 over the last three months. 2.20% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the business. Comerica Bank increased its holdings in Builders FirstSource by 43.8% in the fourth quarter. Comerica Bank now owns 32,205 shares of the company’s stock valued at $412,000 after buying an additional 9,803 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Builders FirstSource in the fourth quarter valued at approximately $30,000. PNC Financial Services Group Inc. grew its position in shares of Builders FirstSource by 2,338.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,389 shares of the company’s stock valued at $37,000 after purchasing an additional 3,250 shares during the last quarter. Stephens Inc. AR grew its position in shares of Builders FirstSource by 10.6% in the fourth quarter. Stephens Inc. AR now owns 11,472 shares of the company’s stock valued at $125,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Builders FirstSource by 12.1% in the fourth quarter. Bank of New York Mellon Corp now owns 784,697 shares of the company’s stock valued at $8,562,000 after purchasing an additional 84,429 shares during the last quarter. Hedge funds and other institutional investors own 93.17% of the company’s stock.

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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