Analysts Anticipate Builders FirstSource, Inc. (BLDR) Will Post Quarterly Sales of $2.11 Billion

Analysts expect Builders FirstSource, Inc. (NASDAQ:BLDR) to post sales of $2.11 billion for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Builders FirstSource’s earnings, with estimates ranging from $2.06 billion to $2.14 billion. Builders FirstSource posted sales of $1.88 billion in the same quarter last year, which suggests a positive year over year growth rate of 12.2%. The business is expected to issue its next earnings results after the market closes on Thursday, November 1st.

On average, analysts expect that Builders FirstSource will report full-year sales of $7.83 billion for the current year, with estimates ranging from $7.75 billion to $7.88 billion. For the next fiscal year, analysts forecast that the company will report sales of $8.19 billion, with estimates ranging from $7.96 billion to $8.45 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that that provide coverage for Builders FirstSource.

Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings data on Tuesday, August 7th. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). Builders FirstSource had a return on equity of 44.19% and a net margin of 1.03%. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.06 billion.

BLDR has been the subject of a number of recent research reports. MKM Partners assumed coverage on shares of Builders FirstSource in a research note on Wednesday, June 27th. They issued a “neutral” rating and a $20.00 price objective for the company. Royal Bank of Canada assumed coverage on shares of Builders FirstSource in a research note on Wednesday, June 27th. They set an “outperform” rating for the company. Evercore ISI assumed coverage on shares of Builders FirstSource in a research note on Thursday, June 28th. They set an “in-line” rating and a $20.00 price target for the company. BidaskClub cut shares of Builders FirstSource from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 14th. Finally, Zacks Investment Research raised shares of Builders FirstSource from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Monday, July 16th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. Builders FirstSource presently has a consensus rating of “Hold” and an average target price of $21.46.

In related news, Director Paul S. Levy acquired 100,000 shares of the stock in a transaction on Thursday, September 6th. The stock was bought at an average cost of $15.98 per share, with a total value of $1,598,000.00. Following the transaction, the director now directly owns 1,117,984 shares in the company, valued at $17,865,384.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert C. Griffin sold 16,756 shares of the business’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $17.15, for a total transaction of $287,365.40. Following the completion of the sale, the director now directly owns 30,104 shares of the company’s stock, valued at $516,283.60. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. Mount Yale Investment Advisors LLC purchased a new stake in Builders FirstSource in the 1st quarter valued at about $104,000. NumerixS Investment Technologies Inc raised its holdings in shares of Builders FirstSource by 229.8% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 5,600 shares of the company’s stock valued at $101,000 after purchasing an additional 3,902 shares in the last quarter. Hilltop Holdings Inc. bought a new stake in shares of Builders FirstSource in the 1st quarter valued at about $203,000. Royal Bank of Canada raised its holdings in shares of Builders FirstSource by 140.2% in the 1st quarter. Royal Bank of Canada now owns 10,965 shares of the company’s stock valued at $218,000 after purchasing an additional 6,401 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its holdings in shares of Builders FirstSource by 109.5% in the 1st quarter. Cubist Systematic Strategies LLC now owns 13,123 shares of the company’s stock valued at $260,000 after purchasing an additional 6,858 shares in the last quarter. 93.30% of the stock is owned by institutional investors.

Shares of NASDAQ:BLDR traded up $0.49 on Thursday, reaching $13.65. The company’s stock had a trading volume of 1,637,600 shares, compared to its average volume of 1,192,325. Builders FirstSource has a 52-week low of $12.84 and a 52-week high of $23.28. The stock has a market capitalization of $1.68 billion, a P/E ratio of 10.75, a PEG ratio of 4.04 and a beta of 2.02. The company has a quick ratio of 1.12, a current ratio of 2.04 and a debt-to-equity ratio of 4.23.

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. Its products include lumber and lumber sheet goods comprising dimensional lumber, plywood, and OSB products that are used in on-site house framing; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand.

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

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