Wedbush Comments on Builders FirstSource, Inc.’s Q4 2017 Earnings (BLDR)

Builders FirstSource, Inc. (NASDAQ:BLDR) – Research analysts at Wedbush decreased their Q4 2017 earnings per share (EPS) estimates for shares of Builders FirstSource in a note issued to investors on Friday. Wedbush analyst J. Mccanless now anticipates that the company will post earnings of $0.14 per share for the quarter, down from their prior forecast of $0.16. Wedbush currently has a “Buy” rating and a $20.00 price objective on the stock. Wedbush also issued estimates for Builders FirstSource’s Q1 2018 earnings at $0.14 EPS, Q2 2018 earnings at $0.44 EPS, Q3 2018 earnings at $0.46 EPS and FY2018 earnings at $1.31 EPS.

A number of other equities analysts have also weighed in on BLDR. BidaskClub raised Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised Builders FirstSource from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Deutsche Bank AG boosted their price target on Builders FirstSource from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. B. Riley restated a “buy” rating on shares of Builders FirstSource in a research note on Wednesday, November 1st. Finally, Citigroup Inc. boosted their price target on Builders FirstSource from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $19.50.

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Builders FirstSource (BLDR) opened at $17.96 on Monday. Builders FirstSource has a 52-week low of $10.13 and a 52-week high of $18.82. The company has a debt-to-equity ratio of 4.46, a current ratio of 1.86 and a quick ratio of 1.06. The firm has a market capitalization of $2,084.90, a PE ratio of 17.92 and a beta of 2.14.

Builders FirstSource (NASDAQ:BLDR) last issued its earnings results on Wednesday, November 8th. The company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. Builders FirstSource had a return on equity of 33.66% and a net margin of 1.29%. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the firm earned $0.61 EPS. Builders FirstSource’s revenue was up 7.6% on a year-over-year basis.

Several large investors have recently made changes to their positions in the stock. Alps Advisors Inc. grew its stake in shares of Builders FirstSource by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 31,670 shares of the company’s stock valued at $485,000 after acquiring an additional 82 shares during the period. 1st Global Advisors Inc. grew its stake in shares of Builders FirstSource by 1.0% during the 2nd quarter. 1st Global Advisors Inc. now owns 13,694 shares of the company’s stock valued at $210,000 after acquiring an additional 137 shares during the period. Suntrust Banks Inc. grew its stake in shares of Builders FirstSource by 1.9% during the 2nd quarter. Suntrust Banks Inc. now owns 27,934 shares of the company’s stock valued at $427,000 after acquiring an additional 515 shares during the period. Wall Street Access Asset Management LLC grew its stake in shares of Builders FirstSource by 5.0% during the 2nd quarter. Wall Street Access Asset Management LLC now owns 16,800 shares of the company’s stock valued at $257,000 after acquiring an additional 800 shares during the period. Finally, Ameritas Investment Partners Inc. grew its stake in shares of Builders FirstSource by 17.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock valued at $130,000 after acquiring an additional 1,253 shares during the period. Institutional investors own 86.23% of the company’s stock.

In related news, Director Robert C. Griffin sold 17,655 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $16.83, for a total transaction of $297,133.65. Following the completion of the transaction, the director now directly owns 40,050 shares in the company, valued at approximately $674,041.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Paul S. Levy acquired 800,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The shares were bought at an average price of $16.17 per share, with a total value of $12,936,000.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 13,645,368 shares of company stock valued at $220,735,138. Corporate insiders own 14.60% of the company’s stock.

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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