Zacks: Brokerages Anticipate Builders FirstSource, Inc. (NYSE:BLDR) Will Announce Earnings of $2.04 Per Share

Wall Street analysts predict that Builders FirstSource, Inc. (NYSE:BLDRGet Rating) will post $2.15 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Builders FirstSource’s earnings. The lowest EPS estimate is $1.77 and the highest is $2.48. Builders FirstSource posted earnings per share of $1.10 in the same quarter last year, which would indicate a positive year-over-year growth rate of 95.5%. The business is scheduled to issue its next earnings results before the market opens on Monday, January 1st.

On average, analysts expect that Builders FirstSource will report full-year earnings of $9.83 per share for the current year, with EPS estimates ranging from $9.35 to $10.55. For the next financial year, analysts expect that the business will post earnings of $9.08 per share, with EPS estimates ranging from $7.02 to $10.48. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Builders FirstSource.

Builders FirstSource (NYSE:BLDRGet Rating) last released its quarterly earnings data on Tuesday, March 1st. The company reported $2.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.89 by $0.89. Builders FirstSource had a return on equity of 39.10% and a net margin of 8.67%. The business had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter in the previous year, the business posted $1.26 EPS. Builders FirstSource’s revenue for the quarter was up 83.1% on a year-over-year basis.

Several equities research analysts have commented on the company. Robert W. Baird cut their target price on Builders FirstSource from $103.00 to $100.00 in a research note on Wednesday, March 2nd. Truist Financial boosted their target price on Builders FirstSource from $76.00 to $90.00 in a research note on Wednesday, March 2nd. DA Davidson upped their price objective on Builders FirstSource from $93.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, January 6th. B. Riley cut Builders FirstSource from a “buy” rating to a “neutral” rating and set a $71.00 price objective on the stock. in a research note on Wednesday, April 6th. Finally, Bryan, Garnier & Co lowered Builders FirstSource from a “buy” rating to a “neutral” rating and set a $71.00 price objective on the stock. in a report on Wednesday, April 6th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $89.42.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gibson Wealth Advisors LLC acquired a new stake in Builders FirstSource in the fourth quarter valued at approximately $26,000. CWM LLC grew its stake in Builders FirstSource by 265.2% in the first quarter. CWM LLC now owns 577 shares of the company’s stock valued at $37,000 after acquiring an additional 419 shares during the period. Fifth Third Bancorp grew its stake in Builders FirstSource by 70.4% in the fourth quarter. Fifth Third Bancorp now owns 455 shares of the company’s stock valued at $39,000 after acquiring an additional 188 shares during the period. Koshinski Asset Management Inc. acquired a new stake in Builders FirstSource in the fourth quarter valued at approximately $41,000. Finally, Baystate Wealth Management LLC acquired a new stake in Builders FirstSource in the fourth quarter valued at approximately $58,000. 97.15% of the stock is owned by institutional investors and hedge funds.

NYSE BLDR opened at $61.41 on Friday. The stock has a market capitalization of $10.86 billion, a price-to-earnings ratio of 7.22 and a beta of 2.27. The stock’s 50 day moving average price is $68.96 and its two-hundred day moving average price is $69.92. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.10 and a current ratio of 1.86. Builders FirstSource has a 52 week low of $39.24 and a 52 week high of $86.48.

Builders FirstSource Company Profile (Get Rating)

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. 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 and exterior trims and custom products under the Synboard brand name.

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