Builders FirstSource, Inc. Forecasted to Post Q2 2022 Earnings of $3.00 Per Share (NYSE:BLDR)

Builders FirstSource, Inc. (NYSE:BLDRGet Rating) – Analysts at DA Davidson issued their Q2 2022 EPS estimates for Builders FirstSource in a note issued to investors on Wednesday, May 11th. DA Davidson analyst K. Yinger anticipates that the company will earn $3.00 per share for the quarter. DA Davidson also issued estimates for Builders FirstSource’s FY2023 earnings at $9.04 EPS.

A number of other research firms also recently weighed in on BLDR. Robert W. Baird decreased their target price on shares of Builders FirstSource from $103.00 to $100.00 in a research report on Wednesday, March 2nd. Bryan, Garnier & Co downgraded shares of Builders FirstSource from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a research report on Wednesday, April 6th. Truist Financial lifted their price objective on shares of Builders FirstSource from $76.00 to $90.00 in a research report on Wednesday, March 2nd. Royal Bank of Canada decreased their price objective on shares of Builders FirstSource from $106.00 to $93.00 in a research report on Wednesday. Finally, Wedbush lifted their price objective on shares of Builders FirstSource from $105.00 to $110.00 in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $91.54.

Builders FirstSource stock opened at $66.89 on Thursday. The company has a market cap of $11.82 billion, a P/E ratio of 7.52 and a beta of 2.27. Builders FirstSource has a 1-year low of $39.24 and a 1-year high of $86.48. The company has a fifty day simple moving average of $66.77 and a 200 day simple moving average of $70.52. The company has a current ratio of 1.86, a quick ratio of 1.10 and a debt-to-equity ratio of 0.61.

Builders FirstSource (NYSE:BLDRGet Rating) last released its earnings results on Tuesday, May 10th. The company reported $3.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $1.92. The business had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $4.69 billion. Builders FirstSource had a net margin of 8.67% and a return on equity of 39.10%. The firm’s revenue for the quarter was up 36.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.10 earnings per share.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wexford Capital LP lifted its stake in shares of Builders FirstSource by 330.8% during the 1st quarter. Wexford Capital LP now owns 10,580 shares of the company’s stock worth $683,000 after buying an additional 8,124 shares during the last quarter. Renaissance Technologies LLC raised its stake in Builders FirstSource by 74.9% in the 1st quarter. Renaissance Technologies LLC now owns 745,641 shares of the company’s stock worth $48,124,000 after purchasing an additional 319,408 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in Builders FirstSource in the 1st quarter worth about $1,159,000. Utah Retirement Systems raised its stake in Builders FirstSource by 240.4% in the 1st quarter. Utah Retirement Systems now owns 33,700 shares of the company’s stock worth $2,175,000 after purchasing an additional 23,800 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its stake in Builders FirstSource by 14.6% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 8,379 shares of the company’s stock worth $541,000 after purchasing an additional 1,067 shares in the last quarter. Institutional investors own 97.15% of the company’s stock.

Builders FirstSource Company Profile (Get Rating)

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, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior and exterior trims and custom products under the Synboard brand name.

See Also

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

Receive News & Ratings for Builders FirstSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Builders FirstSource and related companies with MarketBeat.com's FREE daily email newsletter.