Wall Street analysts predict that Builders FirstSource, Inc. (NASDAQ:BLDR) will report sales of $1.71 billion for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Builders FirstSource’s earnings, with the highest sales estimate coming in at $1.74 billion and the lowest estimate coming in at $1.66 billion. Builders FirstSource reported sales of $1.53 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 11.8%. The business is scheduled to announce its next quarterly earnings results on Monday, May 14th.
According to Zacks, analysts expect that Builders FirstSource will report full year sales of $1.71 billion for the current year, with estimates ranging from $7.33 billion to $7.87 billion. For the next fiscal year, analysts expect that the firm will post sales of $8.12 billion per share, with estimates ranging from $7.66 billion to $8.66 billion. Zacks’ sales averages are an average based on a survey of research firms that that provide coverage for Builders FirstSource.
Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.23. The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.70 billion. Builders FirstSource had a net margin of 0.55% and a return on equity of 39.79%. The company’s revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 EPS.
In other news, SVP Donald F. Mcaleenan sold 194,043 shares of Builders FirstSource stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $21.66, for a total transaction of $4,202,971.38. Following the sale, the senior vice president now owns 442,148 shares of the company’s stock, valued at approximately $9,576,925.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Morris E. Tolly sold 50,000 shares of Builders FirstSource stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $21.25, for a total transaction of $1,062,500.00. Following the sale, the chief operating officer now directly owns 128,344 shares in the company, valued at approximately $2,727,310. The disclosure for this sale can be found here. Insiders have sold a total of 409,650 shares of company stock worth $8,790,722 in the last ninety days. Insiders own 14.60% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Cubist Systematic Strategies LLC bought a new stake in shares of Builders FirstSource during the 3rd quarter valued at about $110,000. Victory Capital Management Inc. bought a new stake in Builders FirstSource during the third quarter worth about $147,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Builders FirstSource by 58.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,462 shares of the company’s stock worth $163,000 after acquiring an additional 2,766 shares in the last quarter. Trexquant Investment LP bought a new stake in Builders FirstSource during the third quarter worth about $204,000. Finally, Tocqueville Asset Management L.P. bought a new stake in Builders FirstSource during the fourth quarter worth about $207,000. 97.95% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BLDR stock traded up $0.41 during trading on Friday, reaching $21.06. 404,985 shares of the company’s stock were exchanged, compared to its average volume of 1,308,236. The company has a market cap of $2,365.71, a price-to-earnings ratio of 65.81 and a beta of 2.05. Builders FirstSource has a 1-year low of $13.33 and a 1-year high of $23.28. The company has a debt-to-equity ratio of 4.71, a quick ratio of 0.99 and a current ratio of 1.75.
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Builders FirstSource Company Profile
Builders FirstSource, Inc is a supplier and manufacturer of building materials, manufactured components and construction services to professional contractors, sub-contractors, remodelers and consumers. The Company’s operating segments include Northeast, Southeast, South and West. As of December 31, 2016, it operated at 400 locations in 40 states across the United States.
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