Analysts predict that Builders FirstSource, Inc. (NASDAQ:BLDR) will report earnings of $0.34 per share for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Builders FirstSource’s earnings, with the highest EPS estimate coming in at $0.37 and the lowest estimate coming in at $0.30. Builders FirstSource reported earnings of $0.46 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 26.1%. The firm is expected to announce its next earnings report on Thursday, February 27th.

According to Zacks, analysts expect that Builders FirstSource will report full-year earnings of $1.99 per share for the current financial year, with EPS estimates ranging from $1.84 to $2.07. For the next financial year, analysts forecast that the company will report earnings of $2.17 per share, with EPS estimates ranging from $1.93 to $2.35. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Builders FirstSource.

Builders FirstSource (NASDAQ:BLDR) last announced its earnings results on Thursday, October 31st. The company reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.12. Builders FirstSource had a return on equity of 37.03% and a net margin of 3.17%. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the company posted $0.67 EPS. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year.

Several equities analysts have recently issued reports on BLDR shares. BidaskClub upgraded shares of Builders FirstSource from a “buy” rating to a “strong-buy” rating in a report on Monday, October 21st. DA Davidson increased their price objective on shares of Builders FirstSource to $21.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Zacks Investment Research upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Tuesday, November 5th. Deutsche Bank initiated coverage on shares of Builders FirstSource in a research report on Wednesday, November 27th. They set a “buy” rating and a $29.00 target price on the stock. Finally, B. Riley upped their price target on shares of Builders FirstSource from $23.00 to $29.00 in a research note on Monday, November 4th. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $22.30.

NASDAQ BLDR traded up $0.04 during trading on Tuesday, hitting $25.18. The company’s stock had a trading volume of 834,799 shares, compared to its average volume of 1,053,813. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.66 and a quick ratio of 0.98. The company has a market cap of $2.92 billion, a PE ratio of 13.25 and a beta of 1.90. The business’s 50 day simple moving average is $24.01 and its 200-day simple moving average is $19.30. Builders FirstSource has a fifty-two week low of $10.15 and a fifty-two week high of $26.06.

In other news, COO David E. Rush sold 12,000 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $24.53, for a total value of $294,360.00. Following the transaction, the chief operating officer now directly owns 54,886 shares of the company’s stock, valued at $1,346,353.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in the company. Metropolitan Life Insurance Co NY raised its position in Builders FirstSource by 1.5% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 35,792 shares of the company’s stock worth $736,000 after buying an additional 520 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Builders FirstSource by 15.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,758 shares of the company’s stock valued at $80,000 after acquiring an additional 645 shares during the period. Squarepoint Ops LLC lifted its stake in Builders FirstSource by 2.8% during the 3rd quarter. Squarepoint Ops LLC now owns 32,068 shares of the company’s stock valued at $660,000 after acquiring an additional 859 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Builders FirstSource by 16.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,173 shares of the company’s stock valued at $148,000 after acquiring an additional 994 shares during the period. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Builders FirstSource in the 3rd quarter valued at $30,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Builders FirstSource Company Profile

Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. 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 trims and custom products under the Synboard brand name.

Featured Story: What is the float in trading stocks?

Get a free copy of the Zacks research report on Builders FirstSource (BLDR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Builders FirstSource (NASDAQ: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.