Builders FirstSource (BLDR) Scheduled to Post Quarterly Earnings on Tuesday

Builders FirstSource (NYSE:BLDR - Get Free Report) is set to post its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect Builders FirstSource to post earnings of $2.40 per share for the quarter. Builders FirstSource has set its FY 2024 guidance at EPS.Parties interested in participating in the company's conference call can do so using this link.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $3.55 EPS for the quarter, topping the consensus estimate of $2.70 by $0.85. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.01 billion. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. On average, analysts expect Builders FirstSource to post $14 EPS for the current fiscal year and $15 EPS for the next fiscal year.

Builders FirstSource Stock Down 2.5 %

Shares of NYSE:BLDR traded down $4.64 during trading on Tuesday, hitting $182.82. The company's stock had a trading volume of 976,116 shares, compared to its average volume of 1,237,381. The business has a 50 day moving average price of $195.33 and a two-hundred day moving average price of $166.13. The company has a market capitalization of $22.30 billion, a PE ratio of 15.63, a P/E/G ratio of 1.16 and a beta of 2.04. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.11 and a current ratio of 1.77. Builders FirstSource has a fifty-two week low of $92.13 and a fifty-two week high of $214.70.

Insider Activity

In other news, Director Cory Jacobs Boydston sold 7,759 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 28,738 shares in the company, valued at $5,747,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Jefferies Financial Group boosted their target price on shares of Builders FirstSource from $226.00 to $237.00 and gave the stock a "buy" rating in a research note on Thursday, April 18th. Royal Bank of Canada boosted their target price on shares of Builders FirstSource from $186.00 to $211.00 and gave the stock an "outperform" rating in a research note on Friday, February 23rd. DA Davidson restated a "neutral" rating and issued a $185.00 price objective on shares of Builders FirstSource in a research note on Thursday, March 28th. StockNews.com upgraded shares of Builders FirstSource from a "hold" rating to a "buy" rating in a research note on Wednesday, February 21st. Finally, Barclays upped their price objective on shares of Builders FirstSource from $235.00 to $240.00 and gave the company an "overweight" rating in a research note on Thursday, April 4th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $190.06.

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.