Builders FirstSource, Inc. (NASDAQ:BLDR) Expected to Announce Quarterly Sales of $1.91 Billion
Equities analysts predict that Builders FirstSource, Inc. (NASDAQ:BLDR) will announce $1.91 billion in sales for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Builders FirstSource’s earnings, with estimates ranging from $1.90 billion to $1.93 billion. Builders FirstSource posted sales of $2.09 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 8.6%. The firm is expected to report its next quarterly earnings report after the market closes on Thursday, August 1st.
On average, analysts expect that Builders FirstSource will report full year sales of $7.38 billion for the current financial year, with estimates ranging from $7.13 billion to $7.51 billion. For the next year, analysts expect that the business will report sales of $7.70 billion, with estimates ranging from $7.48 billion to $7.90 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Builders FirstSource.
Builders FirstSource (NASDAQ:BLDR) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.12. Builders FirstSource had a return on equity of 41.88% and a net margin of 2.84%. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same quarter last year, the company earned $0.24 EPS. The company’s revenue was down 4.1% on a year-over-year basis.
In other Builders FirstSource news, COO David E. Rush sold 4,000 shares of Builders FirstSource stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $16.42, for a total transaction of $65,680.00. Following the transaction, the chief operating officer now directly owns 45,237 shares of the company’s stock, valued at approximately $742,791.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Floyd F. Sherman sold 149,159 shares of Builders FirstSource stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $16.59, for a total value of $2,474,547.81. Following the transaction, the director now directly owns 152,809 shares in the company, valued at $2,535,101.31. The disclosure for this sale can be found here. In the last three months, insiders have sold 500,146 shares of company stock worth $8,134,697. 2.20% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. New York State Teachers Retirement System bought a new position in shares of Builders FirstSource in the second quarter valued at approximately $167,000. First Trust Advisors LP grew its holdings in shares of Builders FirstSource by 192.1% in the first quarter. First Trust Advisors LP now owns 119,675 shares of the company’s stock valued at $1,596,000 after acquiring an additional 78,703 shares in the last quarter. FMR LLC lifted its stake in Builders FirstSource by 9.5% in the first quarter. FMR LLC now owns 1,703,004 shares of the company’s stock valued at $22,718,000 after purchasing an additional 147,779 shares during the last quarter. Pecaut & CO. purchased a new position in Builders FirstSource in the first quarter valued at approximately $1,034,000. Finally, Marshall Wace North America L.P. lifted its stake in Builders FirstSource by 623.3% in the first quarter. Marshall Wace North America L.P. now owns 67,335 shares of the company’s stock valued at $900,000 after purchasing an additional 58,025 shares during the last quarter. 93.17% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BLDR traded down $0.15 during midday trading on Monday, hitting $16.20. The company’s stock had a trading volume of 584,400 shares, compared to its average volume of 958,545. Builders FirstSource has a one year low of $10.15 and a one year high of $18.30. The company’s fifty day moving average price is $15.93. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.88 and a quick ratio of 1.02. The company has a market cap of $1.89 billion, a PE ratio of 8.53, a price-to-earnings-growth ratio of 1.94 and a beta of 2.09.
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.
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