Builders FirstSource (NASDAQ:BLDR) announced its quarterly earnings data on Thursday. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.27 by $0.40, MarketWatch Earnings reports. Builders FirstSource had a net margin of 2.77% and a return on equity of 30.84%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.81 billion.
Shares of Builders FirstSource stock opened at $23.69 on Friday. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 13.46 and a beta of 2.49. Builders FirstSource has a twelve month low of $9.00 and a twelve month high of $28.43. The company’s fifty day moving average is $21.27 and its 200 day moving average is $20.29. The company has a quick ratio of 1.12, a current ratio of 1.87 and a debt-to-equity ratio of 1.85.
Several equities analysts have recently issued reports on BLDR shares. Benchmark lifted their price target on Builders FirstSource from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. B. Riley boosted their target price on Builders FirstSource from $14.00 to $19.00 in a research note on Wednesday, July 15th. Stifel Nicolaus raised their price target on shares of Builders FirstSource from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Royal Bank of Canada reiterated a “buy” rating and set a $20.00 price objective on shares of Builders FirstSource in a research report on Sunday, May 3rd. Finally, DA Davidson reissued a “buy” rating and issued a $20.00 price objective (down previously from $33.00) on shares of Builders FirstSource in a research note on Thursday, April 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. Builders FirstSource has an average rating of “Buy” and an average target price of $26.36.
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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