Equities analysts expect Builders FirstSource, Inc. (NASDAQ:BLDR) to post $1.91 billion in sales for the current quarter, according to Zacks. Six analysts have provided estimates for Builders FirstSource’s earnings, with the lowest sales estimate coming in at $1.90 billion and the highest estimate coming in at $1.93 billion. Builders FirstSource posted sales of $2.09 billion in the same quarter last year, which suggests a negative year over year growth rate of 8.6%. The company is scheduled to report its next quarterly earnings report after the market closes on Thursday, August 1st.
On average, analysts expect that Builders FirstSource will report full year sales of $7.38 billion for the current financial year, with estimates ranging from $7.13 billion to $7.51 billion. For the next fiscal year, analysts expect that the firm will report sales of $7.70 billion, with estimates ranging from $7.48 billion to $7.90 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Builders FirstSource.
Builders FirstSource (NASDAQ:BLDR) last released its earnings results on Thursday, May 2nd. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.12. Builders FirstSource had a net margin of 2.84% and a return on equity of 41.88%. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period last year, the company earned $0.24 earnings per share. The company’s quarterly revenue was down 4.1% on a year-over-year basis.
Shares of BLDR traded down $0.18 during mid-day trading on Monday, hitting $16.35. The company had a trading volume of 634,831 shares, compared to its average volume of 891,629. The business has a 50-day moving average of $15.79. The company has a current ratio of 1.88, a quick ratio of 1.02 and a debt-to-equity ratio of 2.47. Builders FirstSource has a 1-year low of $10.15 and a 1-year high of $18.50. The company has a market cap of $1.89 billion, a PE ratio of 8.61, a PEG ratio of 1.96 and a beta of 2.09.
In other Builders FirstSource news, Director Floyd F. Sherman sold 149,159 shares of Builders FirstSource stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $16.59, for a total transaction of $2,474,547.81. Following the transaction, the director now directly owns 152,809 shares of the company’s stock, valued at $2,535,101.31. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Donald F. Mcaleenan sold 116,327 shares of Builders FirstSource stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $16.38, for a total transaction of $1,905,436.26. Following the transaction, the senior vice president now directly owns 324,476 shares in the company, valued at $5,314,916.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 500,146 shares of company stock worth $8,134,697. 2.20% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in BLDR. New York State Teachers Retirement System bought a new position in shares of Builders FirstSource during the second quarter worth about $167,000. First Trust Advisors LP lifted its holdings in Builders FirstSource by 192.1% in the first quarter. First Trust Advisors LP now owns 119,675 shares of the company’s stock worth $1,596,000 after purchasing an additional 78,703 shares during the period. FMR LLC lifted its holdings in Builders FirstSource by 9.5% in the first quarter. FMR LLC now owns 1,703,004 shares of the company’s stock worth $22,718,000 after purchasing an additional 147,779 shares during the period. Pecaut & CO. acquired a new stake in Builders FirstSource in the first quarter worth about $1,034,000. Finally, Marshall Wace North America L.P. lifted its holdings in Builders FirstSource by 623.3% in the first quarter. Marshall Wace North America L.P. now owns 67,335 shares of the company’s stock worth $900,000 after purchasing an additional 58,025 shares during the period. 93.17% 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. 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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