Builders FirstSource, Inc. (BLDR) Expected to Post Quarterly Sales of $1.89 Billion

Wall Street brokerages expect Builders FirstSource, Inc. (NASDAQ:BLDR) to report sales of $1.89 billion for the current quarter, Zacks reports. Seven analysts have provided estimates for Builders FirstSource’s earnings, with estimates ranging from $1.85 billion to $1.96 billion. Builders FirstSource posted sales of $1.78 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.2%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, February 27th.

On average, analysts expect that Builders FirstSource will report full-year sales of $7.80 billion for the current year, with estimates ranging from $7.76 billion to $7.87 billion. For the next financial year, analysts expect that the company will post sales of $7.80 billion, with estimates ranging from $7.64 billion to $8.07 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Builders FirstSource.

Builders FirstSource (NASDAQ:BLDR) last posted its earnings results on Thursday, November 1st. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.08. The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.08 billion. Builders FirstSource had a return on equity of 48.32% and a net margin of 1.44%. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the business posted $0.39 earnings per share.

A number of research firms have issued reports on BLDR. Barclays set a $16.00 target price on Builders FirstSource and gave the company a “hold” rating in a research note on Monday, November 5th. ValuEngine cut Builders FirstSource from a “sell” rating to a “strong sell” rating in a research note on Friday, September 21st. BidaskClub upgraded Builders FirstSource from a “strong sell” rating to a “sell” rating in a research note on Friday, October 26th. SunTrust Banks cut their target price on Builders FirstSource to $17.00 and set a “buy” rating on the stock in a research note on Monday, November 5th. Finally, Deutsche Bank cut their target price on Builders FirstSource from $23.00 to $19.00 and set a “buy” rating on the stock in a research note on Monday, November 5th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. Builders FirstSource currently has an average rating of “Hold” and an average price target of $18.82.

BLDR stock traded down $2.04 during mid-day trading on Tuesday, reaching $12.25. The company had a trading volume of 2,403,851 shares, compared to its average volume of 1,246,493. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.21 and a current ratio of 2.09. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 9.64, a PEG ratio of 1.44 and a beta of 1.99. Builders FirstSource has a one year low of $11.60 and a one year high of $23.28.

In other news, Director Paul S. Levy bought 100,000 shares of the stock in a transaction that occurred on Thursday, September 6th. The shares were purchased at an average cost of $15.98 per share, with a total value of $1,598,000.00. Following the completion of the acquisition, the director now directly owns 1,117,984 shares in the company, valued at $17,865,384.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Floyd F. Sherman sold 196,512 shares of Builders FirstSource stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $13.78, for a total value of $2,707,935.36. Following the transaction, the director now directly owns 478,346 shares in the company, valued at $6,591,607.88. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Putnam Investments LLC acquired a new position in Builders FirstSource during the second quarter worth about $6,936,000. Lonestar Capital Management LLC increased its stake in Builders FirstSource by 5.3% in the 2nd quarter. Lonestar Capital Management LLC now owns 1,000,000 shares of the company’s stock worth $18,290,000 after purchasing an additional 50,000 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Builders FirstSource by 26.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 818,836 shares of the company’s stock worth $14,977,000 after purchasing an additional 169,325 shares in the last quarter. Zeke Capital Advisors LLC purchased a new position in Builders FirstSource in the 3rd quarter worth about $262,000. Finally, Principal Financial Group Inc. increased its stake in Builders FirstSource by 7.4% in the 1st quarter. Principal Financial Group Inc. now owns 81,790 shares of the company’s stock worth $1,623,000 after purchasing an additional 5,610 shares in the last quarter. 93.62% of the stock is currently owned by hedge funds and other institutional investors.

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. Its products include lumber and lumber sheet goods comprising dimensional lumber, plywood, and OSB products that are used in on-site house framing; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand.

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