FY2017 EPS Estimates for Builders FirstSource, Inc. (BLDR) Reduced by Analyst
Builders FirstSource, Inc. (NASDAQ:BLDR) – Investment analysts at SunTrust Banks reduced their FY2017 earnings estimates for Builders FirstSource in a research report issued to clients and investors on Thursday. SunTrust Banks analyst K. Hughes now expects that the company will earn $1.06 per share for the year, down from their prior estimate of $1.10. SunTrust Banks currently has a “Buy” rating and a $20.00 price objective on the stock. SunTrust Banks also issued estimates for Builders FirstSource’s Q4 2017 earnings at $0.19 EPS, Q1 2018 earnings at $0.15 EPS, Q2 2018 earnings at $0.48 EPS, Q3 2018 earnings at $0.59 EPS, Q4 2018 earnings at $0.31 EPS and FY2018 earnings at $1.53 EPS.
A number of other research firms also recently issued reports on BLDR. BidaskClub downgraded Builders FirstSource from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. Deutsche Bank AG lifted their target price on Builders FirstSource from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Wednesday, August 9th. Citigroup Inc. raised their price target on Builders FirstSource from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Friday. B. Riley reissued a “buy” rating on shares of Builders FirstSource in a report on Wednesday, November 1st. Finally, Wedbush reissued a “buy” rating and set a $20.00 price target on shares of Builders FirstSource in a report on Thursday, September 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $19.50.
Builders FirstSource (BLDR) opened at $17.96 on Monday. The stock has a market capitalization of $2,084.90, a price-to-earnings ratio of 17.92 and a beta of 2.14. Builders FirstSource has a 52 week low of $10.13 and a 52 week high of $18.82. The company has a quick ratio of 1.06, a current ratio of 1.86 and a debt-to-equity ratio of 4.46.
Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.87 billion. Builders FirstSource had a return on equity of 33.66% and a net margin of 1.29%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the business posted $0.61 EPS.
In related news, Director Cleveland A. Christophe sold 36,000 shares of Builders FirstSource stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $16.66, for a total value of $599,760.00. Following the completion of the transaction, the director now owns 48,181 shares in the company, valued at $802,695.46. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul S. Levy purchased 800,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The stock was bought at an average price of $16.17 per share, with a total value of $12,936,000.00. The disclosure for this purchase can be found here. Insiders sold 13,645,368 shares of company stock worth $220,735,138 over the last ninety days. Insiders own 14.60% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new position in Builders FirstSource in the second quarter worth about $114,000. Victory Capital Management Inc. purchased a new position in Builders FirstSource in the third quarter worth about $147,000. Ameritas Investment Partners Inc. boosted its position in shares of Builders FirstSource by 17.3% during the second quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock valued at $130,000 after buying an additional 1,253 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Builders FirstSource by 10,237.3% during the second quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock valued at $131,000 after buying an additional 8,497 shares during the period. Finally, Wilen Investment Management CORP. purchased a new position in shares of Builders FirstSource during the second quarter valued at approximately $150,000. Institutional investors own 86.23% of the company’s stock.
About Builders FirstSource
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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