Q2 2017 EPS Estimates for Builders FirstSource, Inc. (BLDR) Raised by Analyst

Builders FirstSource, Inc. (NASDAQ:BLDR) – Stock analysts at Wedbush boosted their Q2 2017 earnings estimates for shares of Builders FirstSource in a report issued on Monday. Wedbush analyst J. Mccanless now anticipates that the company will post earnings per share of $0.33 for the quarter, up from their prior forecast of $0.28. Wedbush currently has a “Outperform” rating and a $20.00 price target on the stock. Wedbush also issued estimates for Builders FirstSource’s FY2017 earnings at $0.99 EPS and Q2 2018 earnings at $0.47 EPS.

A number of other analysts have also recently commented on the company. Zacks Investment Research upgraded Builders FirstSource from a “sell” rating to a “hold” rating in a research report on Tuesday. BidaskClub cut Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday. FBR & Co restated a “buy” rating and issued a $20.00 price target on shares of Builders FirstSource in a research report on Tuesday, June 27th. Finally, Citigroup Inc. upped their price target on Builders FirstSource from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, May 11th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $17.00.

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Builders FirstSource (NASDAQ:BLDR) opened at 15.87 on Tuesday. The stock has a 50 day moving average price of $15.47 and a 200-day moving average price of $14.37. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 10.72 and a beta of 2.15. Builders FirstSource has a 1-year low of $9.04 and a 1-year high of $16.50.

Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings data on Monday, May 8th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.49 billion. Builders FirstSource had a return on equity of 48.88% and a net margin of 2.54%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.13) earnings per share.

In other news, CEO Floyd F. Sherman sold 35,000 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $14.91, for a total value of $521,850.00. Following the completion of the transaction, the chief executive officer now owns 633,635 shares of the company’s stock, valued at $9,447,497.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Morris E. Tolly sold 50,268 shares of the company’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $14.81, for a total value of $744,469.08. Following the completion of the transaction, the insider now directly owns 126,205 shares of the company’s stock, valued at approximately $1,869,096.05. The disclosure for this sale can be found here. Corporate insiders own 14.60% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. acquired a new position in Builders FirstSource during the first quarter worth $108,000. Invictus RG acquired a new position in Builders FirstSource during the first quarter worth $140,000. Envestnet Asset Management Inc. raised its position in Builders FirstSource by 68.3% in the first quarter. Envestnet Asset Management Inc. now owns 9,511 shares of the company’s stock worth $143,000 after buying an additional 3,861 shares during the period. Nine Chapters Capital Management LLC acquired a new position in Builders FirstSource during the first quarter worth $150,000. Finally, Gargoyle Investment Advisor L.L.C. acquired a new position in Builders FirstSource during the first quarter worth $177,000. 84.88% of the stock is owned by hedge funds and other institutional investors.

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.

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

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