Q1 2023 EPS Estimates for Builders FirstSource, Inc. Boosted by Analyst (NYSE:BLDR)

Builders FirstSource, Inc. (NYSE:BLDR – Get Rating) – Equities research analysts at Jefferies Financial Group lifted their Q1 2023 earnings per share (EPS) estimates for shares of Builders FirstSource in a research note issued to investors on Wednesday, March 1st. Jefferies Financial Group analyst C. Verron now expects that the company will earn $1.25 per share for the quarter, up from their previous forecast of $0.60. The consensus estimate for Builders FirstSource’s current full-year earnings is $7.05 per share. Jefferies Financial Group also issued estimates for Builders FirstSource’s Q2 2023 earnings at $1.48 EPS, Q4 2023 earnings at $1.21 EPS, FY2023 earnings at $5.43 EPS and FY2024 earnings at $6.56 EPS.

Builders FirstSource (NYSE:BLDR – Get Rating) last issued its quarterly earnings data on Tuesday, February 28th. The company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.84. Builders FirstSource had a return on equity of 59.80% and a net margin of 12.10%. The business had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.25 billion. During the same period in the prior year, the firm earned $2.78 EPS. The company’s revenue for the quarter was down 6.0% on a year-over-year basis.

A number of other research firms have also weighed in on BLDR. Royal Bank of Canada increased their target price on Builders FirstSource from $67.00 to $78.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 1st. Deutsche Bank Aktiengesellschaft increased their target price on Builders FirstSource from $90.00 to $97.00 and gave the stock a “buy” rating in a research note on Friday. Stifel Nicolaus dropped their price target on Builders FirstSource from $92.00 to $82.00 and set a “buy” rating on the stock in a research report on Monday, December 19th. DA Davidson increased their price target on Builders FirstSource from $68.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 1st. Finally, B. Riley increased their price target on Builders FirstSource from $70.00 to $77.00 in a research report on Wednesday, March 1st. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Builders FirstSource currently has a consensus rating of “Moderate Buy” and an average target price of $89.77.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $89.18 on Monday. The stock’s fifty day moving average is $75.48 and its 200 day moving average is $65.98. Builders FirstSource has a fifty-two week low of $48.91 and a fifty-two week high of $89.41. The firm has a market capitalization of $12.31 billion, a PE ratio of 5.36 and a beta of 1.98. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.16 and a current ratio of 1.90.

Institutional Investors Weigh In On Builders FirstSource

A number of institutional investors have recently added to or reduced their stakes in the stock. Goodwin Investment Advisory purchased a new stake in shares of Builders FirstSource during the second quarter worth about $27,000. Benjamin Edwards Inc. purchased a new stake in Builders FirstSource during the 4th quarter worth approximately $28,000. Banque Cantonale Vaudoise acquired a new position in shares of Builders FirstSource during the third quarter valued at approximately $36,000. AXS Investments LLC purchased a new position in shares of Builders FirstSource in the fourth quarter valued at approximately $37,000. Finally, Ronald Blue Trust Inc. acquired a new stake in shares of Builders FirstSource in the second quarter worth approximately $42,000. Institutional investors and hedge funds own 94.71% of the company’s stock.

About Builders FirstSource

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Builders FirstSource, Inc engages in the supply and manufacture of building materials, manufactured components and construction services to professional homebuilders, subcontractors, remodelers and consumers. Its products include factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, and engineered wood.