Analysts expect that Builders FirstSource, Inc. (NASDAQ:BLDR) will post earnings per share of $0.41 for the current quarter, Zacks reports. Six analysts have provided estimates for Builders FirstSource’s earnings, with the lowest EPS estimate coming in at $0.37 and the highest estimate coming in at $0.44. Builders FirstSource posted earnings of $0.61 per share during the same quarter last year, which would suggest a negative year over year growth rate of 32.8%. The firm is expected to issue its next earnings report on Thursday, November 2nd.

According to Zacks, analysts expect that Builders FirstSource will report full-year earnings of $1.11 per share for the current fiscal year, with EPS estimates ranging from $1.04 to $1.15. For the next financial year, analysts forecast that the firm will report earnings of $1.46 per share, with EPS estimates ranging from $1.26 to $1.60. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Builders FirstSource.

Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.03. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.83 billion. Builders FirstSource had a return on equity of 43.83% and a net margin of 2.60%. Builders FirstSource’s revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 earnings per share.

A number of equities research analysts have recently commented on BLDR shares. Zacks Investment Research upgraded Builders FirstSource from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Wednesday, April 26th. BidaskClub upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. FBR & Co reiterated a “buy” rating and set a $20.00 price objective on shares of Builders FirstSource in a research report on Tuesday, June 27th. Deutsche Bank AG increased their price objective on Builders FirstSource from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Wedbush reiterated an “outperform” rating and set a $20.00 price objective (up previously from $19.00) on shares of Builders FirstSource in a research report on Wednesday, May 17th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Builders FirstSource presently has a consensus rating of “Buy” and an average price target of $17.29.

Builders FirstSource (BLDR) opened at 16.34 on Friday. The stock has a market cap of $1.84 billion, a P/E ratio of 10.81 and a beta of 2.16. Builders FirstSource has a 52-week low of $9.04 and a 52-week high of $17.22. The firm’s 50-day moving average price is $15.72 and its 200 day moving average price is $14.59.

In other news, CEO Floyd F. Sherman sold 35,000 shares of the stock in a transaction on Friday, June 9th. The stock was sold at an average price of $14.91, for a total value of $521,850.00. Following the completion of the sale, the chief executive officer now owns 633,635 shares in the company, valued at $9,447,497.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 14.60% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. bought a new position in Builders FirstSource during the first quarter worth $108,000. SG Americas Securities LLC bought a new position in Builders FirstSource during the second quarter worth $114,000. PNC Financial Services Group Inc. increased its position in Builders FirstSource by 10,237.3% in the second quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock worth $131,000 after buying an additional 8,497 shares during the period. Invictus RG bought a new position in Builders FirstSource during the first quarter worth $140,000. Finally, Envestnet Asset Management Inc. increased its position in Builders FirstSource by 68.3% in the first quarter. Envestnet Asset Management Inc. now owns 9,511 shares of the company’s stock worth $143,000 after buying an additional 3,861 shares during the period. Institutional investors own 84.81% of the company’s stock.

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Builders FirstSource Company Profile

Builders FirstSource, Inc is a supplier and manufacturer of building materials, manufactured components and construction services to professional contractors, sub-contractors, remodelers and consumers. The Company’s operating segments include Northeast, Southeast, South and West. As of December 31, 2016, it operated at 400 locations in 40 states across the United States.

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

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