$ 5.36 Billion in Sales Expected for Builders FirstSource, Inc. (NYSE: BLDR) This Quarter


Wall Street analysts expect Builders FirstSource, Inc. (NYSE: BLDR – Get Rating) to announce $ 5.36 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Builders FirstSource’s earnings. The lowest sales estimate is $ 4.49 billion and the highest is $ 6.27 billion. Builders FirstSource posted sales of $ 5.58 billion in the same quarter last year, which would indicate a negative year over year growth rate of 3.9%. The business is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Builders FirstSource will report full year sales of $ 21.35 billion for the current financial year, with estimates ranging from $ 20.05 billion to $ 22.63 billion. For the next financial year, analysts forecast that the firm will report sales of $ 19.62 billion, with estimates ranging from $ 17.50 billion to $ 22.23 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Builders FirstSource.

Builders FirstSource (NYSE: BLDR – Get Rating) last released its quarterly earnings results on Tuesday, May 10th. The company reported $ 3.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $ 1.98 by $ 1.92. The business had revenue of $ 5.68 billion during the quarter, compared to the consensus estimate of $ 4.69 billion. Builders FirstSource had a return on equity of 39.10% and a net margin of 8.67%. The firm’s quarterly revenue was up 36.1% on a year-over-year basis. During the same period in the previous year, the company posted $ 1.10 EPS.

A number of equities analysts have recently commented on BLDR shares. B. Riley cut Builders FirstSource from a “buy” rating to a “neutral” rating and set a $ 71.00 price target for the company. in a report on Wednesday, April 6th. Truist Financial increased their price target on Builders FirstSource from $ 76.00 to $ 90.00 in a research report on Wednesday, March 2nd. Royal Bank of Canada decreased their price target on Builders FirstSource from $ 106.00 to $ 93.00 in a research report on Wednesday, May 11th. Bryan, Garnier & Co downgraded Builders FirstSource from a “buy” rating to a “neutral” rating and set a $ 71.00 price target for the company. in a research report on Wednesday, April 6th. Finally, Robert W. Baird reduced their price target on Builders FirstSource from $ 103.00 to $ 100.00 in a research report on Wednesday, March 2nd. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Builders FirstSource presently has an average rating of “Buy” and an average price target of $ 91.54.

BLDR opened at $ 66.89 on Monday. The business has a fifty day simple moving average of $ 66.75 and a 200 day simple moving average of $ 70.76. The company has a market capitalization of $ 11.82 billion, a PE ratio of 7.86 and a beta of 2.27. Builders FirstSource has a 1 year low of $ 39.24 and a 1 year high of $ 86.48. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.86 and a quick ratio of 1.10.

Several institutional investors have recently bought and sold shares of BLDR. FMR LLC boosted its holdings in shares of Builders FirstSource by 9.5% in the first quarter. FMR LLC now owns 1,703,004 shares of the company’s stock worth $ 22,718,000 after acquiring an additional 147,779 shares during the period. First Trust Advisors LP boosted its stake in Builders FirstSource by 192.1% during the first quarter. First Trust Advisors LP now owns 119,675 shares of the company’s stock valued at $ 1,596,000 after buying an additional 78,703 shares during the period. Morgan Stanley boosted its stake in Builders FirstSource by 55.5% during the second quarter. Morgan Stanley now owns 670,397 shares of the company’s stock valued at $ 28,599,000 after buying an additional 239,238 shares during the period. PNC Financial Services Group Inc. boosted its stake in Builders FirstSource by 16.7% during the third quarter. PNC Financial Services Group Inc. now owns 5,995 shares of the company’s stock valued at $ 309,000 after buying an additional 857 shares during the period. Finally, Advisor Group Holdings Inc. boosted its stake in Builders FirstSource by 80.0% during the third quarter. Advisor Group Holdings Inc. now owns 23,749 shares of the company’s stock valued at $ 1,232,000 after buying an additional 10,557 shares during the period. 97.15% of the stock is owned by hedge funds and other institutional investors.

About Builders FirstSource (Get Rating)

Builders FirstSource, Inc., together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. 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 and exterior trims and custom products under the Synboard brand name.

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



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