Wall Street analysts expect that Builders FirstSource, Inc. (NASDAQ:BLDR) will announce earnings per share (EPS) of $0.47 for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Builders FirstSource’s earnings. The lowest EPS estimate is $0.45 and the highest is $0.51. Builders FirstSource reported earnings per share of $0.54 during the same quarter last year, which suggests a negative year-over-year growth rate of 13%. The business is expected to report its next quarterly earnings results after the market closes on Thursday, August 1st.

According to Zacks, analysts expect that Builders FirstSource will report full-year earnings of $1.69 per share for the current year, with EPS estimates ranging from $1.57 to $1.80. For the next fiscal year, analysts forecast that the company will report earnings of $1.92 per share, with EPS estimates ranging from $1.74 to $2.16. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Builders FirstSource.

Builders FirstSource (NASDAQ:BLDR) last released its earnings results on Thursday, May 2nd. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.12. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.61 billion. Builders FirstSource had a return on equity of 41.88% and a net margin of 2.84%. The company’s revenue was down 4.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.24 EPS.

BLDR has been the subject of a number of recent analyst reports. Wedbush reiterated an “outperform” rating on shares of Idera Pharmaceuticals in a research report on Friday, May 3rd. Zacks Investment Research downgraded Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 9th. ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, BidaskClub downgraded Inovio Pharmaceuticals from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $16.25.

In other Builders FirstSource news, COO David E. Rush sold 4,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $16.42, for a total value of $65,680.00. Following the completion of the transaction, the chief operating officer now owns 45,237 shares of the company’s stock, valued at approximately $742,791.54. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Peter M. Jackson sold 7,800 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $16.00, for a total value of $124,800.00. Following the completion of the transaction, the chief financial officer now directly owns 57,424 shares of the company’s stock, valued at approximately $918,784. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 500,146 shares of company stock valued at $8,134,697. 2.20% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Gotham Asset Management LLC acquired a new position in Builders FirstSource in the 4th quarter worth about $1,457,000. Metropolitan Life Insurance Co. NY increased its holdings in Builders FirstSource by 322.1% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 36,395 shares of the company’s stock worth $397,000 after purchasing an additional 27,773 shares in the last quarter. Marcato Capital Management LP increased its holdings in Builders FirstSource by 0.6% in the 4th quarter. Marcato Capital Management LP now owns 919,300 shares of the company’s stock worth $10,030,000 after purchasing an additional 5,300 shares in the last quarter. Beaconlight Capital LLC increased its holdings in Builders FirstSource by 13.9% in the 4th quarter. Beaconlight Capital LLC now owns 2,688,474 shares of the company’s stock worth $29,331,000 after purchasing an additional 327,533 shares in the last quarter. Finally, Two Sigma Advisers LP increased its holdings in Builders FirstSource by 24.4% in the 4th quarter. Two Sigma Advisers LP now owns 235,100 shares of the company’s stock worth $2,565,000 after purchasing an additional 46,066 shares in the last quarter. 93.17% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:BLDR traded down $0.18 during trading on Friday, reaching $16.35. 634,831 shares of the company traded hands, compared to its average volume of 891,629. The business’s 50 day moving average price is $15.79. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 8.61, a PEG ratio of 1.96 and a beta of 2.09. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.88 and a quick ratio of 1.02. Builders FirstSource has a 52 week low of $10.15 and a 52 week high of $18.50.

About Builders FirstSource

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. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand name.

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

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