What is DA Davidson’s Estimate for BLDR Q4 Earnings?

Builders FirstSource, Inc. (NYSE:BLDRFree Report) – Analysts at DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for Builders FirstSource in a note issued to investors on Wednesday, November 6th. DA Davidson analyst K. Yinger expects that the company will earn $2.33 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $175.00 target price on the stock. The consensus estimate for Builders FirstSource’s current full-year earnings is $11.69 per share. DA Davidson also issued estimates for Builders FirstSource’s FY2025 earnings at $12.79 EPS.

Builders FirstSource (NYSE:BLDRGet Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). Builders FirstSource had a net margin of 8.25% and a return on equity of 37.05%. The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period last year, the company earned $4.24 earnings per share. Builders FirstSource’s revenue for the quarter was down 6.7% on a year-over-year basis.

A number of other analysts also recently commented on BLDR. Truist Financial upgraded Builders FirstSource from a “hold” rating to a “buy” rating and raised their price objective for the stock from $165.00 to $220.00 in a research report on Monday, September 16th. Stephens raised their target price on Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday. B. Riley lowered their price target on shares of Builders FirstSource from $197.00 to $187.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Loop Capital raised their price objective on shares of Builders FirstSource from $190.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Finally, Robert W. Baird upped their target price on shares of Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Five research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $206.47.

Check Out Our Latest Report on Builders FirstSource

Builders FirstSource Stock Up 1.3 %

NYSE BLDR opened at $179.09 on Thursday. Builders FirstSource has a twelve month low of $120.80 and a twelve month high of $214.70. The stock has a market cap of $20.86 billion, a PE ratio of 15.72, a PEG ratio of 10.17 and a beta of 2.08. The firm has a 50-day simple moving average of $184.71 and a 200 day simple moving average of $168.52. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.14 and a current ratio of 1.83.

Builders FirstSource announced that its Board of Directors has authorized a stock buyback program on Tuesday, August 6th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to repurchase up to 5.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BLDR. Meeder Asset Management Inc. increased its holdings in shares of Builders FirstSource by 3,220.8% in the third quarter. Meeder Asset Management Inc. now owns 2,557 shares of the company’s stock valued at $496,000 after purchasing an additional 2,480 shares in the last quarter. Whalen Wealth Management Inc. boosted its position in Builders FirstSource by 6.4% in the 3rd quarter. Whalen Wealth Management Inc. now owns 4,887 shares of the company’s stock valued at $947,000 after buying an additional 295 shares during the last quarter. Swiss National Bank increased its stake in shares of Builders FirstSource by 0.4% in the 3rd quarter. Swiss National Bank now owns 362,287 shares of the company’s stock valued at $70,233,000 after buying an additional 1,300 shares during the period. Peterson Financial Group Inc. bought a new stake in shares of Builders FirstSource during the third quarter worth $71,000. Finally, Mutual of America Capital Management LLC lifted its stake in shares of Builders FirstSource by 3.6% during the third quarter. Mutual of America Capital Management LLC now owns 44,776 shares of the company’s stock valued at $8,680,000 after acquiring an additional 1,546 shares during the period. 95.53% of the stock is owned by institutional investors.

About Builders FirstSource

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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.

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

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