Builders FirstSource, Inc. (BLDR) Expected to Post Q4 2017 Earnings of $0.19 Per Share

Builders FirstSource, Inc. (NASDAQ:BLDR) – Analysts at Seaport Global Securities boosted their Q4 2017 earnings per share (EPS) estimates for Builders FirstSource in a report issued on Wednesday. Seaport Global Securities analyst M. Mccall now anticipates that the company will post earnings of $0.19 per share for the quarter, up from their previous forecast of $0.17. Seaport Global Securities has a “Buy” rating and a $26.00 price target on the stock. Seaport Global Securities also issued estimates for Builders FirstSource’s Q2 2018 earnings at $0.57 EPS, Q3 2018 earnings at $0.61 EPS, Q4 2018 earnings at $0.41 EPS and FY2018 earnings at $1.72 EPS.

A number of other research firms have also weighed in on BLDR. Stephens reiterated a “buy” rating and issued a $27.00 target price on shares of Builders FirstSource in a research note on Wednesday, January 17th. BidaskClub upgraded Builders FirstSource from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 27th. Citigroup increased their target price on Builders FirstSource from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, November 10th. Wedbush set a $30.00 target price on Builders FirstSource and gave the stock an “outperform” rating in a research note on Friday, January 12th. Finally, B. Riley reiterated a “buy” rating on shares of Builders FirstSource in a research note on Wednesday, November 1st. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $23.41.

Shares of Builders FirstSource (BLDR) opened at $20.35 on Thursday. The company has a debt-to-equity ratio of 4.46, a current ratio of 1.86 and a quick ratio of 1.06. Builders FirstSource has a 52 week low of $12.12 and a 52 week high of $23.28. The firm has a market capitalization of $2,302.87, a price-to-earnings ratio of 19.80 and a beta of 2.01.

In other Builders FirstSource news, CFO Peter M. Jackson sold 12,500 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $20.51, for a total value of $256,375.00. Following the completion of the sale, the chief financial officer now owns 26,587 shares of the company’s stock, valued at $545,299.37. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 14.60% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC acquired a new stake in Builders FirstSource in the third quarter worth about $110,000. Ameritas Investment Partners Inc. boosted its holdings in Builders FirstSource by 17.3% in the second quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock worth $130,000 after acquiring an additional 1,253 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Builders FirstSource by 10,237.3% in the second quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock worth $131,000 after acquiring an additional 8,497 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in Builders FirstSource in the third quarter worth about $147,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Builders FirstSource by 58.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,462 shares of the company’s stock worth $163,000 after acquiring an additional 2,766 shares in the last quarter.

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About Builders FirstSource

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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