SunTrust Banks Analysts Decrease Earnings Estimates for Builders FirstSource Inc. (BLDR)
Builders FirstSource Inc. (NASDAQ:BLDR) – Analysts at SunTrust Banks dropped their Q4 2016 earnings per share (EPS) estimates for shares of Builders FirstSource in a research note issued to investors on Tuesday. SunTrust Banks analyst K. Hughes now forecasts that the firm will post earnings per share of $0.10 for the quarter, down from their previous forecast of $0.24. SunTrust Banks also issued estimates for Builders FirstSource’s Q1 2017 earnings at ($0.03) EPS, Q2 2017 earnings at $0.47 EPS, Q3 2017 earnings at $0.39 EPS, Q4 2017 earnings at $0.20 EPS and FY2017 earnings at $1.03 EPS.
Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.23. The firm earned $1.75 billion during the quarter, compared to the consensus estimate of $1.80 billion. Builders FirstSource had a return on equity of 49.20% and a net margin of 2.03%. The business’s revenue for the quarter was up 36.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.31 EPS.
Several other equities analysts also recently issued reports on BLDR. Zacks Investment Research upgraded Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Monday, July 18th. Citigroup Inc. lifted their price objective on Builders FirstSource from $12.00 to $14.00 and gave the company a “neutral” rating in a research report on Monday, August 8th. Finally, Wedbush restated an “outperform” rating and set a $18.00 target price on shares of Builders FirstSource in a research report on Tuesday, September 6th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $15.43.
Shares of Builders FirstSource (NASDAQ:BLDR) opened at 10.35 on Thursday. The stock has a market capitalization of $1.15 billion, a P/E ratio of 9.09 and a beta of 2.39. Builders FirstSource has a 52 week low of $6.50 and a 52 week high of $14.14. The company has a 50-day moving average price of $10.56 and a 200 day moving average price of $11.73.
Several large investors have recently made changes to their positions in BLDR. ProShare Advisors LLC bought a new stake in shares of Builders FirstSource during the second quarter worth approximately $122,000. BB&T Securities LLC bought a new stake in shares of Builders FirstSource during the second quarter worth approximately $127,000. BlackRock Inc. boosted its stake in shares of Builders FirstSource by 193.3% in the second quarter. BlackRock Inc. now owns 11,392 shares of the company’s stock worth $128,000 after buying an additional 7,508 shares during the period. Palo Capital Inc. bought a new stake in shares of Builders FirstSource during the third quarter worth approximately $137,000. Finally, SG Americas Securities LLC bought a new stake in shares of Builders FirstSource during the third quarter worth approximately $139,000. 83.33% of the stock is owned by institutional investors and hedge funds.
In related news, SVP Donald F. Mcaleenan sold 70,000 shares of Builders FirstSource stock in a transaction on Friday, August 19th. The stock was sold at an average price of $12.56, for a total transaction of $879,200.00. Following the completion of the sale, the senior vice president now directly owns 373,238 shares of the company’s stock, valued at $4,687,869.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Morris E. Tolly sold 50,000 shares of Builders FirstSource stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $12.43, for a total value of $621,500.00. Following the sale, the insider now directly owns 216,890 shares of the company’s stock, valued at $2,695,942.70. The disclosure for this sale can be found here. Corporate insiders own 36.20% of the company’s stock.
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 and consumers. The Company’s operating segments include Northeast, Southeast, South and West. It offers solution to its customers providing manufacturing, supply and installation of a range of structural and related building products.
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