Brokers Issue Forecasts for Builders FirstSource, Inc.’s Q2 2022 Earnings (NYSE:BLDR)

Builders FirstSource, Inc. (NYSE:BLDRGet Rating) – Equities research analysts at DA Davidson issued their Q2 2022 EPS estimates for Builders FirstSource in a research report issued on Wednesday, May 11th. DA Davidson analyst K. Yinger expects that the company will post earnings per share of $3.00 for the quarter. DA Davidson also issued estimates for Builders FirstSource’s FY2023 earnings at $9.04 EPS.

A number of other analysts have also issued reports on BLDR. Robert W. Baird decreased their price objective on Builders FirstSource from $103.00 to $100.00 in a research note on Wednesday, March 2nd. Royal Bank of Canada reduced their target price on Builders FirstSource from $106.00 to $93.00 in a research report on Wednesday. B. Riley cut Builders FirstSource from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a research report on Wednesday, April 6th. Truist Financial boosted their target price on Builders FirstSource from $76.00 to $90.00 in a research report on Wednesday, March 2nd. Finally, Bryan, Garnier & Co cut Builders FirstSource from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a research report on Wednesday, April 6th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $90.00.

NYSE:BLDR opened at $62.99 on Thursday. 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. The firm has a market cap of $11.13 billion, a price-to-earnings ratio of 7.40 and a beta of 2.27. The business’s fifty day moving average is $66.98 and its 200 day moving average is $70.49.

Builders FirstSource (NYSE:BLDRGet Rating) last released its quarterly earnings data on Tuesday, May 10th. The company reported $3.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $1.92. Builders FirstSource had a return on equity of 39.10% and a net margin of 8.67%. The company had revenue of $5.68 billion for the quarter, compared to analyst estimates of $4.69 billion. During the same period in the previous year, the company posted $1.10 EPS. The firm’s revenue for the quarter was up 36.1% compared to the same quarter last year.

Several institutional investors and hedge funds have recently bought and sold shares of BLDR. Luxor Capital Group LP boosted its holdings in Builders FirstSource by 446.1% during the 3rd quarter. Luxor Capital Group LP now owns 3,050,288 shares of the company’s stock valued at $157,822,000 after acquiring an additional 2,491,769 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in Builders FirstSource during the 4th quarter valued at about $190,577,000. Norges Bank purchased a new stake in Builders FirstSource during the 4th quarter valued at about $168,874,000. North Peak Capital Management LLC purchased a new stake in Builders FirstSource during the 3rd quarter valued at about $99,386,000. Finally, Dendur Capital LP boosted its holdings in Builders FirstSource by 147.5% during the 3rd quarter. Dendur Capital LP now owns 2,562,675 shares of the company’s stock valued at $132,593,000 after acquiring an additional 1,527,456 shares during the period. Hedge funds and other institutional investors own 97.15% of the company’s stock.

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.

See Also

Earnings History and Estimates for Builders FirstSource (NYSE:BLDR)

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