Builders FirstSource (NYSE:BLDR) Announces Earnings Results, Beats Estimates By $0.23 EPS

Builders FirstSource (NYSE:BLDR) released its quarterly earnings data on Tuesday. The company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.23, Briefing.com reports. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same period in the previous year, the business earned $2.96 EPS. Builders FirstSource’s revenue was up .2% compared to the same quarter last year.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $166.43 on Thursday. The stock has a market cap of $20.30 billion, a PE ratio of 13.63, a PEG ratio of 1.22 and a beta of 2.08. The company’s fifty day moving average is $194.49 and its 200 day moving average is $169.12. Builders FirstSource has a 52 week low of $105.24 and a 52 week high of $214.70. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.67.

Wall Street Analysts Forecast Growth

BLDR has been the subject of several analyst reports. Jefferies Financial Group raised their price target on shares of Builders FirstSource from $226.00 to $237.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Robert W. Baird cut their price target on shares of Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating for the company in a report on Wednesday. Wedbush reissued an “outperform” rating and issued a $215.00 price target (down from $225.00) on shares of Builders FirstSource in a report on Tuesday. Barclays cut their price target on shares of Builders FirstSource from $240.00 to $200.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Oppenheimer raised their price target on shares of Builders FirstSource from $220.00 to $242.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $196.27.

Insider Buying and Selling

In related news, Director Cory Jacobs Boydston sold 7,759 shares of Builders FirstSource stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total value of $1,551,800.00. Following the transaction, the director now owns 28,738 shares in the company, valued at approximately $5,747,600. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.90% of the stock is owned by corporate insiders.

Builders FirstSource Company Profile

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, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.