Builders FirstSource (BLDR) to Release Quarterly Earnings on Tuesday

Builders FirstSource (NYSE:BLDR) is set to release its earnings data before the market opens on Tuesday, November 5th. Analysts expect Builders FirstSource to post earnings of $3.10 per share for the quarter. Builders FirstSource has set its FY 2024 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.48. Builders FirstSource had a net margin of 8.25% and a return on equity of 37.05%. The firm had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.48 billion. During the same quarter in the prior year, the firm earned $3.89 EPS. The company’s revenue was down 1.6% on a year-over-year basis. On average, analysts expect Builders FirstSource to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Builders FirstSource Trading Up 0.4 %

Shares of NYSE BLDR opened at $172.02 on Friday. Builders FirstSource has a 1-year low of $119.99 and a 1-year high of $214.70. The company has a 50-day moving average of $184.45 and a two-hundred day moving average of $168.60. The company has a market cap of $20.03 billion, a PE ratio of 15.10, a P/E/G ratio of 10.20 and a beta of 2.06. The company has a current ratio of 1.83, a quick ratio of 1.14 and a debt-to-equity ratio of 0.88.

Builders FirstSource declared that its board has authorized a stock repurchase program on Tuesday, August 6th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to buy up to 5.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on BLDR shares. Stifel Nicolaus dropped their target price on Builders FirstSource from $217.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. The Goldman Sachs Group started coverage on Builders FirstSource in a report on Thursday, October 10th. They set a “buy” rating and a $225.00 target price on the stock. Benchmark reduced their price target on shares of Builders FirstSource from $220.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Wedbush reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Builders FirstSource in a research report on Tuesday, August 6th. Finally, Robert W. Baird raised their target price on shares of Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $203.50.

Insider Transactions at Builders FirstSource

In other news, Director Craig Arthur Steinke sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $153.68, for a total transaction of $4,610,400.00. Following the completion of the sale, the director now owns 95,333 shares in the company, valued at $14,650,775.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.80% of the stock is currently 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.