Builders FirstSource, Inc. (BLDR) Expected to Post Quarterly Sales of $1.62 Billion

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Wall Street brokerages expect Builders FirstSource, Inc. (NASDAQ:BLDR) to post sales of $1.62 billion for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Builders FirstSource’s earnings. The lowest sales estimate is $1.60 billion and the highest is $1.65 billion. Builders FirstSource posted sales of $1.70 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 4.7%. The firm is expected to issue its next earnings results after the market closes on Thursday, May 2nd.

According to Zacks, analysts expect that Builders FirstSource will report full year sales of $7.53 billion for the current financial year, with estimates ranging from $7.37 billion to $7.67 billion. For the next year, analysts expect that the business will report sales of $7.82 billion, with estimates ranging from $7.71 billion to $8.12 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Builders FirstSource.

Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings results on Thursday, February 28th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. Builders FirstSource had a net margin of 2.66% and a return on equity of 44.30%. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.88 billion.

Several equities research analysts recently issued reports on the stock. BidaskClub raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Tuesday, April 9th. Zacks Investment Research raised shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 15th. TheStreet raised shares of Builders FirstSource from a “c+” rating to a “b-” rating in a research report on Wednesday, March 20th. Buckingham Research assumed coverage on shares of Builders FirstSource in a research report on Monday, February 25th. They issued a “neutral” rating and a $15.00 target price on the stock. Finally, SunTrust Banks cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Tuesday, January 15th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $16.77.

Shares of BLDR traded up $0.10 during mid-day trading on Friday, hitting $14.15. The company had a trading volume of 15,900 shares, compared to its average volume of 610,410. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.06 and a current ratio of 1.88. Builders FirstSource has a 1-year low of $10.15 and a 1-year high of $20.79. The stock has a market capitalization of $1.63 billion, a PE ratio of 7.44, a P/E/G ratio of 1.76 and a beta of 2.22.

A number of hedge funds have recently made changes to their positions in BLDR. Towle & Co. acquired a new position in Builders FirstSource during the fourth quarter valued at approximately $18,592,000. Norges Bank acquired a new position in Builders FirstSource during the fourth quarter valued at approximately $16,471,000. Altshuler Shaham Ltd lifted its position in Builders FirstSource by 64.4% during the fourth quarter. Altshuler Shaham Ltd now owns 2,814,327 shares of the company’s stock valued at $30,704,000 after buying an additional 1,102,532 shares in the last quarter. LSV Asset Management lifted its position in Builders FirstSource by 71.0% during the fourth quarter. LSV Asset Management now owns 2,313,068 shares of the company’s stock valued at $25,235,000 after buying an additional 960,271 shares in the last quarter. Finally, Raging Capital Management LLC lifted its position in Builders FirstSource by 25.0% during the fourth quarter. Raging Capital Management LLC now owns 3,890,888 shares of the company’s stock valued at $42,450,000 after buying an additional 777,951 shares in the last quarter. 95.12% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Company Profile

Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. 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 trims and custom products under the Synboard brand name.

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

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