Brokerages predict that Builders FirstSource, Inc. (NASDAQ:BLDR) will report sales of $1.88 billion for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Builders FirstSource’s earnings. The lowest sales estimate is $1.82 billion and the highest is $1.98 billion. Builders FirstSource posted sales of $2.12 billion in the same quarter last year, which suggests a negative year over year growth rate of 11.3%. The company is expected to issue its next quarterly earnings results on Thursday, November 7th.
According to Zacks, analysts expect that Builders FirstSource will report full year sales of $7.14 billion for the current fiscal year, with estimates ranging from $7.03 billion to $7.34 billion. For the next financial year, analysts anticipate that the business will post sales of $7.46 billion, with estimates ranging from $7.34 billion to $7.65 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Builders FirstSource.
Builders FirstSource (NASDAQ:BLDR) last posted its earnings results on Thursday, August 1st. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.15. Builders FirstSource had a net margin of 3.05% and a return on equity of 39.63%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the previous year, the firm posted $0.54 earnings per share. The firm’s quarterly revenue was down 8.9% on a year-over-year basis.
In other Builders FirstSource news, CEO M Chad Crow sold 87,657 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $20.05, for a total value of $1,757,522.85. Following the transaction, the chief executive officer now owns 246,839 shares in the company, valued at $4,949,121.95. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Donald F. Mcaleenan sold 125,408 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $18.88, for a total value of $2,367,703.04. Following the completion of the transaction, the senior vice president now owns 152,773 shares in the company, valued at approximately $2,884,354.24. The disclosure for this sale can be found here. Insiders have sold 219,744 shares of company stock valued at $4,258,449 in the last ninety days. 2.20% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Nuveen Asset Management LLC purchased a new stake in Builders FirstSource in the second quarter worth $32,931,000. JPMorgan Chase & Co. boosted its stake in Builders FirstSource by 5,299.6% during the second quarter. JPMorgan Chase & Co. now owns 1,730,830 shares of the company’s stock valued at $28,126,000 after buying an additional 1,698,775 shares during the period. Man Group plc lifted its stake in Builders FirstSource by 235.2% during the second quarter. Man Group plc now owns 1,805,354 shares of the company’s stock worth $30,438,000 after purchasing an additional 1,266,829 shares during the last quarter. Vanguard Group Inc. lifted its stake in Builders FirstSource by 8.0% during the second quarter. Vanguard Group Inc. now owns 11,238,263 shares of the company’s stock worth $189,477,000 after purchasing an additional 828,343 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Builders FirstSource by 84.0% during the second quarter. Renaissance Technologies LLC now owns 1,768,800 shares of the company’s stock worth $29,822,000 after purchasing an additional 807,400 shares during the last quarter. 87.29% of the stock is owned by institutional investors.
Shares of NASDAQ BLDR traded down $0.17 during midday trading on Friday, hitting $20.24. The company had a trading volume of 835,300 shares, compared to its average volume of 1,004,178. The company has a quick ratio of 0.96, a current ratio of 1.69 and a debt-to-equity ratio of 2.02. Builders FirstSource has a twelve month low of $10.15 and a twelve month high of $20.75. The business has a 50-day simple moving average of $19.54 and a two-hundred day simple moving average of $16.27. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 10.65 and a beta of 1.93.
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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