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.

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

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.

COPYRIGHT VIOLATION WARNING: “Builders FirstSource Inc. (BLDR) to Post FY2016 Earnings of $0.91 Per Share, Seaport Global Securities Forecasts” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another website, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The original version of this news story can be viewed at https://www.thecerbatgem.com/2016/11/26/builders-firstsource-inc-bldr-to-post-fy2016-earnings-of-0-91-per-share-seaport-global-securities-forecasts.html.

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.

5 Day Chart for NASDAQ:BLDR

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