Builders FirstSource (BLDR) to Release Quarterly Earnings on Tuesday

Builders FirstSource (NYSE:BLDR) will 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 interested in listening to the company’s earnings conference call can do so using this link.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Tuesday, August 6th. The company reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $3.02 by $0.48. The firm had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.48 billion. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The company’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.89 earnings per share. 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 2.2 %

BLDR opened at $184.80 on Tuesday. The stock has a market cap of $22.56 billion, a price-to-earnings ratio of 15.82, a P/E/G ratio of 11.48 and a beta of 2.06. The stock’s 50 day moving average price is $184.34 and its 200-day moving average price is $168.76. Builders FirstSource has a one year low of $105.24 and a one year high of $214.70. 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 declared that its board has approved a share repurchase plan on Tuesday, August 6th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 5.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have recently commented on BLDR. Stifel Nicolaus cut their target price on Builders FirstSource from $217.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. The Goldman Sachs Group initiated coverage on Builders FirstSource in a report on Thursday, October 10th. They set a “buy” rating and a $225.00 price objective on the stock. Loop Capital raised their price objective on Builders FirstSource from $190.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Royal Bank of Canada reduced their price objective on Builders FirstSource from $193.00 to $178.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Finally, Robert W. Baird raised their price objective on Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Builders FirstSource presently has a consensus rating of “Moderate Buy” and an average price target of $200.35.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Craig Arthur Steinke sold 30,000 shares of the stock in a transaction 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 sale, the director now owns 95,333 shares of the company’s stock, valued at approximately $14,650,775.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.80% of the company’s stock.

About Builders FirstSource

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.