Builders FirstSource Inc. (BLDR) to Post FY2016 Earnings of $0.91 Per Share, Seaport Global Securities Forecasts
Builders FirstSource Inc. (NASDAQ:BLDR) – Research analysts at Seaport Global Securities issued their FY2016 EPS estimates for Builders FirstSource in a research note issued to investors on Tuesday. Seaport Global Securities analyst M. Mccall expects that the brokerage will post earnings of $0.91 per share for the year. Seaport Global Securities currently has a “Buy” rating and a $16.00 target price on the stock. Seaport Global Securities also issued estimates for Builders FirstSource’s Q4 2016 earnings at $0.09 EPS, Q1 2017 earnings at $0.09 EPS, Q2 2017 earnings at $0.39 EPS, Q3 2017 earnings at $0.43 EPS, Q4 2017 earnings at $0.19 EPS, FY2017 earnings at $1.10 EPS, Q1 2018 earnings at $0.09 EPS, Q2 2018 earnings at $0.39 EPS, Q3 2018 earnings at $0.43 EPS and FY2018 earnings at $1.50 EPS.
Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.23. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.80 billion. Builders FirstSource had a net margin of 2.03% and a return on equity of 49.20%. Builders FirstSource’s revenue for the quarter was up 36.8% on a year-over-year basis. During the same period last year, the company posted $0.31 EPS.
A number of other research analysts have also recently issued reports on the company. Wedbush reiterated an “outperform” rating and issued a $18.00 target price on shares of Builders FirstSource in a research report on Monday, November 7th. Zacks Investment Research cut Builders FirstSource from a “buy” rating to a “hold” rating in a report on Wednesday, October 19th. Finally, Citigroup Inc. boosted their price target on Builders FirstSource from $12.00 to $14.00 and gave the stock a “neutral” rating in a report on Monday, August 8th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $15.50.
Shares of Builders FirstSource (NASDAQ:BLDR) opened at 11.83 on Thursday. The company has a 50 day moving average of $10.42 and a 200-day moving average of $11.72. The firm has a market capitalization of $1.32 billion, a P/E ratio of 10.40 and a beta of 2.39. Builders FirstSource has a 12 month low of $6.50 and a 12 month high of $14.09.
Several institutional investors have recently bought and sold shares of BLDR. Ameriprise Financial Inc. raised its position in Builders FirstSource by 4.0% in the third quarter. Ameriprise Financial Inc. now owns 14,331 shares of the company’s stock worth $161,000 after buying an additional 555 shares in the last quarter. Teachers Advisors LLC raised its position in Builders FirstSource by 0.8% in the third quarter. Teachers Advisors LLC now owns 184,018 shares of the company’s stock worth $2,118,000 after buying an additional 1,530 shares in the last quarter. California State Teachers Retirement System raised its position in Builders FirstSource by 0.9% in the third quarter. California State Teachers Retirement System now owns 177,457 shares of the company’s stock worth $2,043,000 after buying an additional 1,600 shares in the last quarter. Pacad Investment Ltd. raised its position in Builders FirstSource by 8.0% in the second quarter. Pacad Investment Ltd. now owns 41,800 shares of the company’s stock worth $470,000 after buying an additional 3,090 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in Builders FirstSource by 35.5% in the second quarter. Teacher Retirement System of Texas now owns 12,319 shares of the company’s stock worth $139,000 after buying an additional 3,226 shares in the last quarter. 82.83% of the stock is currently owned by institutional investors.
In related news, CEO Floyd F. Sherman sold 12,403 shares of Builders FirstSource stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $11.26, for a total value of $139,657.78. Following the transaction, the chief executive officer now directly owns 641,807 shares of the company’s stock, valued at $7,226,746.82. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 36.20% of the stock is owned by corporate insiders.
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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