Builders FirstSource (BLDR) Set to Announce Quarterly Earnings on Tuesday

Builders FirstSource (NYSE:BLDR) is set to issue its quarterly earnings data before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $2.40 per share for the quarter. Builders FirstSource has set its FY 2024 guidance at EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.85. The firm 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 Up 3.7 %

Shares of NYSE:BLDR opened at $195.81 on Friday. The business’s 50 day moving average is $195.49 and its 200 day moving average is $167.76. The stock has a market cap of $23.88 billion, a P/E ratio of 16.33, a price-to-earnings-growth ratio of 1.17 and a beta of 2.08. Builders FirstSource has a 52-week low of $105.24 and a 52-week high of $214.70. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.67.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BLDR. StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Wedbush raised their target price on shares of Builders FirstSource from $175.00 to $225.00 and gave the company an “outperform” rating in a research report on Monday, February 12th. Barclays upped their price target on shares of Builders FirstSource from $235.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Bank of America raised shares of Builders FirstSource from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $153.00 to $200.00 in a report on Monday, January 29th. Finally, Truist Financial upped their target price on Builders FirstSource from $185.00 to $190.00 and gave the stock a “hold” rating in a report on Friday, February 23rd. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $196.33.

Insider Transactions at Builders FirstSource

In other news, Director Cory Jacobs Boydston sold 7,759 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the sale, the director now owns 28,738 shares in the company, valued at $5,747,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.90% 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.