Q3 2017 EPS Estimates for Builders FirstSource, Inc. (NASDAQ:BLDR) Reduced by Analyst
Builders FirstSource, Inc. (NASDAQ:BLDR) – Analysts at Wedbush dropped their Q3 2017 EPS estimates for shares of Builders FirstSource in a report issued on Monday. Wedbush analyst J. Mccanless now anticipates that the company will post earnings of $0.42 per share for the quarter, down from their previous estimate of $0.43. Wedbush has a “Outperform” rating and a $20.00 price objective on the stock. Wedbush also issued estimates for Builders FirstSource’s Q2 2018 earnings at $0.49 EPS, Q3 2018 earnings at $0.52 EPS and FY2018 earnings at $1.45 EPS.
A number of other research analysts also recently issued reports on BLDR. Deutsche Bank AG boosted their price target on Builders FirstSource from $17.00 to $19.00 and gave the company a “buy” rating in a report on Wednesday. Zacks Investment Research raised Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. FBR & Co reaffirmed a “buy” rating and set a $20.00 target price on shares of Builders FirstSource in a research note on Tuesday, June 27th. Finally, Citigroup Inc. upped their target price on Builders FirstSource from $14.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, May 11th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $17.29.
Builders FirstSource (NASDAQ:BLDR) opened at 16.53 on Wednesday. The stock has a market capitalization of $1.86 billion, a P/E ratio of 11.55 and a beta of 2.16. The firm’s 50-day moving average is $15.63 and its 200-day moving average is $14.54. Builders FirstSource has a 12 month low of $9.04 and a 12 month high of $17.22.
Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.03. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.83 billion. Builders FirstSource had a net margin of 2.60% and a return on equity of 43.83%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.31 EPS.
In other news, CEO Floyd F. Sherman sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $14.91, for a total transaction of $521,850.00. Following the completion of the transaction, the chief executive officer now directly owns 633,635 shares of the company’s stock, valued at approximately $9,447,497.85. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 14.60% of the company’s stock.
Several hedge funds have recently modified their holdings of BLDR. Ameritas Investment Partners Inc. purchased a new stake in shares of Builders FirstSource during the first quarter valued at approximately $108,000. SG Americas Securities LLC purchased a new stake in shares of Builders FirstSource during the second quarter valued at approximately $114,000. Invictus RG purchased a new stake in shares of Builders FirstSource during the first quarter valued at approximately $140,000. Envestnet Asset Management Inc. boosted its stake in shares of Builders FirstSource by 68.3% in the first quarter. Envestnet Asset Management Inc. now owns 9,511 shares of the company’s stock valued at $143,000 after buying an additional 3,861 shares during the last quarter. Finally, Wilen Investment Management CORP. purchased a new stake in shares of Builders FirstSource during the second quarter valued at approximately $150,000. Hedge funds and other institutional investors own 84.81% 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, remodelers and consumers. The Company’s operating segments include Northeast, Southeast, South and West. As of December 31, 2016, it operated at 400 locations in 40 states across the United States.
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