Builders FirstSource (BLDR) Set to Announce Quarterly Earnings on Tuesday

Builders FirstSource (NYSE:BLDR) is set to release its earnings data before the market opens on Tuesday, May 7th. Analysts expect Builders FirstSource to post earnings of $2.40 per share for the quarter. Builders FirstSource has set its FY 2024 guidance at EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.85. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.01 billion. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. On average, analysts expect Builders FirstSource to post $14 EPS for the current fiscal year and $15 EPS for the next fiscal year.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $187.46 on Tuesday. The business has a fifty day simple moving average of $195.33 and a 200-day simple moving average of $166.13. Builders FirstSource has a 52 week low of $92.13 and a 52 week high of $214.70. The company has a market cap of $22.87 billion, a P/E ratio of 15.63, a P/E/G ratio of 1.16 and a beta of 2.04. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.67.

Insider Transactions at Builders FirstSource

In related news, Director Cory Jacobs Boydston sold 7,759 shares of Builders FirstSource stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the sale, the director now owns 28,738 shares of the company’s stock, valued at approximately $5,747,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on BLDR. Truist Financial upped their price objective on shares of Builders FirstSource from $185.00 to $190.00 and gave the company a “hold” rating in a research note on Friday, February 23rd. Barclays increased their price target on shares of Builders FirstSource from $235.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Oppenheimer boosted their price objective on shares of Builders FirstSource from $220.00 to $242.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. DA Davidson restated a “neutral” rating and set a $185.00 price objective on shares of Builders FirstSource in a report on Thursday, March 28th. Finally, Bank of America upgraded Builders FirstSource from a “neutral” rating to a “buy” rating and lifted their target price for the company from $153.00 to $200.00 in a report on Monday, January 29th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $190.06.

About Builders FirstSource

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, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.