Builders FirstSource (NASDAQ:BLDR) Posts Quarterly Earnings Results, Beats Expectations By $0.40 EPS

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.

In other Builders FirstSource news, Director Floyd F. Sherman sold 14,097 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $17.75, for a total transaction of $250,221.75. Following the completion of the transaction, the director now owns 147,771 shares in the company, valued at approximately $2,622,935.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Floyd F. Sherman sold 45,903 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $16.05, for a total transaction of $736,743.15. Following the completion of the transaction, the director now owns 147,771 shares in the company, valued at approximately $2,371,724.55. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 103,000 shares of company stock valued at $1,951,715. 2.20% of the stock is owned by corporate insiders.

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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Earnings History for Builders FirstSource (NASDAQ:BLDR)

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