Builders FirstSource, Inc. (BLDR) Expected to Post Earnings of $0.44 Per Share

Wall Street brokerages expect Builders FirstSource, Inc. (NASDAQ:BLDR) to announce $0.44 earnings per share for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Builders FirstSource’s earnings, with the highest EPS estimate coming in at $0.51 and the lowest estimate coming in at $0.36. Builders FirstSource reported earnings of $0.40 per share during the same quarter last year, which would indicate a positive year over year growth rate of 10%. The firm is expected to announce its next quarterly earnings report after the market closes on Thursday, February 28th.

According to Zacks, analysts expect that Builders FirstSource will report full-year earnings of $1.88 per share for the current year, with EPS estimates ranging from $1.80 to $1.95. For the next year, analysts expect that the firm will report earnings of $1.78 per share, with EPS estimates ranging from $1.57 to $2.02. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Builders FirstSource.

Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.08. Builders FirstSource had a net margin of 1.44% and a return on equity of 48.32%. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same period in the previous year, the business earned $0.39 earnings per share. The company’s revenue was up 12.7% on a year-over-year basis.

A number of equities research analysts recently weighed in on the stock. BidaskClub upgraded shares of Builders FirstSource from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 13th. DA Davidson started coverage on Builders FirstSource in a report on Thursday, September 13th. They set a “buy” rating and a $20.00 target price on the stock. ValuEngine lowered Builders FirstSource from a “sell” rating to a “strong sell” rating in a report on Friday, September 21st. Barclays set a $16.00 target price on Builders FirstSource and gave the stock a “hold” rating in a report on Monday, November 5th. Finally, Evercore ISI lowered Builders FirstSource from an “in-line” rating to an “underperform” rating and set a $14.00 target price on the stock. in a report on Monday, November 5th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. Builders FirstSource currently has a consensus rating of “Hold” and an average target price of $17.20.

Shares of NASDAQ BLDR traded down $0.53 during midday trading on Thursday, reaching $12.40. 995,534 shares of the company traded hands, compared to its average volume of 1,070,212. Builders FirstSource has a 52 week low of $10.15 and a 52 week high of $23.28. The company has a quick ratio of 1.21, a current ratio of 2.09 and a debt-to-equity ratio of 3.39. The stock has a market cap of $1.39 billion, a P/E ratio of 9.76, a P/E/G ratio of 1.33 and a beta of 2.03.

In related news, Director Brett N. Milgrim sold 17,676 shares of Builders FirstSource stock in a transaction dated Friday, December 14th. The stock was sold at an average price of $11.18, for a total value of $197,617.68. Following the transaction, the director now owns 49,399 shares of the company’s stock, valued at approximately $552,280.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Floyd F. Sherman sold 196,512 shares of Builders FirstSource stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $13.78, for a total value of $2,707,935.36. Following the completion of the transaction, the director now directly owns 478,346 shares in the company, valued at approximately $6,591,607.88. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of BLDR. Fuller & Thaler Asset Management Inc. increased its stake in Builders FirstSource by 511.1% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 3,443,323 shares of the company’s stock worth $50,548,000 after purchasing an additional 2,879,817 shares in the last quarter. Raging Capital Management LLC increased its stake in Builders FirstSource by 111.9% in the 3rd quarter. Raging Capital Management LLC now owns 3,112,937 shares of the company’s stock worth $45,698,000 after purchasing an additional 1,643,836 shares in the last quarter. Stadium Capital Management LLC increased its stake in Builders FirstSource by 38.5% in the 3rd quarter. Stadium Capital Management LLC now owns 4,677,724 shares of the company’s stock worth $68,669,000 after purchasing an additional 1,301,269 shares in the last quarter. Marshall Wace LLP purchased a new position in Builders FirstSource in the 3rd quarter worth about $9,738,000. Finally, BlackRock Inc. increased its stake in Builders FirstSource by 7.3% in the 2nd quarter. BlackRock Inc. now owns 8,631,344 shares of the company’s stock worth $157,869,000 after purchasing an additional 585,206 shares in the last quarter. 93.61% of the stock is currently owned by hedge funds and other institutional investors.

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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