Q1 2019 EPS Estimates for Builders FirstSource, Inc. (BLDR) Cut by SunTrust Banks

Builders FirstSource, Inc. (NASDAQ:BLDR) – Research analysts at SunTrust Banks cut their Q1 2019 EPS estimates for shares of Builders FirstSource in a note issued to investors on Monday, January 7th. SunTrust Banks analyst K. Hughes now anticipates that the company will post earnings of $0.12 per share for the quarter, down from their prior forecast of $0.29. SunTrust Banks has a “Buy” rating and a $17.00 price objective on the stock. SunTrust Banks also issued estimates for Builders FirstSource’s FY2019 earnings at $1.68 EPS.

Other equities research analysts have also issued research reports about the stock. DA Davidson lowered shares of Builders FirstSource from a “buy” rating to a “neutral” rating and reduced their price target for the company from $20.00 to $14.00 in a research report on Thursday. Zacks Investment Research lowered shares of Builders FirstSource from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. BidaskClub raised shares of Builders FirstSource from a “strong sell” rating to a “sell” rating in a research report on Friday, October 26th. Stephens set a $14.00 price target on shares of Builders FirstSource and gave the company a “hold” rating in a research report on Monday, November 5th. Finally, Deutsche Bank reduced their price target on shares of Builders FirstSource from $23.00 to $19.00 and set a “buy” rating for the company in a research report on Monday, November 5th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $17.20.

NASDAQ BLDR opened at $12.40 on Wednesday. Builders FirstSource has a 52 week low of $10.15 and a 52 week high of $23.28. The stock has a market cap of $1.39 billion, a PE ratio of 9.76, a price-to-earnings-growth ratio of 1.33 and a beta of 2.03. The company has a quick ratio of 1.21, a current ratio of 2.09 and a debt-to-equity ratio of 3.39.

Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.08. Builders FirstSource had a net margin of 1.44% and a return on equity of 48.32%. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.08 billion. During the same quarter in the prior year, the firm earned $0.39 EPS. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year.

A number of institutional investors have recently added to or reduced their stakes in the stock. NumerixS Investment Technologies Inc increased its holdings in Builders FirstSource by 229.8% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 5,600 shares of the company’s stock worth $101,000 after acquiring an additional 3,902 shares in the last quarter. IndexIQ Advisors LLC increased its holdings in Builders FirstSource by 3.9% in the 3rd quarter. IndexIQ Advisors LLC now owns 114,579 shares of the company’s stock worth $1,682,000 after acquiring an additional 4,328 shares in the last quarter. Essex Investment Management Co. LLC increased its holdings in Builders FirstSource by 3.2% in the 3rd quarter. Essex Investment Management Co. LLC now owns 154,116 shares of the company’s stock worth $2,262,000 after acquiring an additional 4,807 shares in the last quarter. Rhumbline Advisers increased its holdings in Builders FirstSource by 6.1% in the 2nd quarter. Rhumbline Advisers now owns 109,475 shares of the company’s stock worth $2,002,000 after acquiring an additional 6,261 shares in the last quarter. Finally, Rehmann Capital Advisory Group increased its holdings in Builders FirstSource by 1,143.6% in the 3rd quarter. Rehmann Capital Advisory Group now owns 7,897 shares of the company’s stock worth $538,000 after acquiring an additional 7,262 shares in the last quarter. 93.61% of the stock is owned by institutional investors.

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