Builders FirstSource (NASDAQ:BLDR) posted its earnings results on Monday. The company reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.23, Bloomberg Earnings reports. The company had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Builders FirstSource had a net margin of 1.29% and a return on equity of 33.66%. Builders FirstSource’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period last year, the company posted $0.16 earnings per share.
Shares of Builders FirstSource (NASDAQ BLDR) traded down $0.47 during trading hours on Wednesday, hitting $19.18. 2,370,959 shares of the company’s stock were exchanged, compared to its average volume of 1,340,000. Builders FirstSource has a 1-year low of $12.72 and a 1-year high of $23.28. The stock has a market cap of $2,170.00, a PE ratio of 25.24 and a beta of 2.01. The company has a quick ratio of 1.06, a current ratio of 1.86 and a debt-to-equity ratio of 4.46.
BLDR has been the subject of several research analyst reports. B. Riley raised their target price on shares of Builders FirstSource from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Stephens reaffirmed a “buy” rating and set a $27.00 target price on shares of Builders FirstSource in a research note on Wednesday, January 17th. BidaskClub cut shares of Builders FirstSource from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 11th. Wedbush set a $30.00 target price on shares of Builders FirstSource and gave the company an “outperform” rating in a research note on Friday, January 12th. Finally, Barclays raised their target price on shares of Builders FirstSource from $15.00 to $17.00 and gave the company an “equal weight” rating in a research note on Friday, November 10th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $23.41.
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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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