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

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

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, February 22nd. The company reported $3.55 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.85. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.01 billion. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. 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 Performance

NYSE:BLDR opened at $195.81 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.67. The firm’s fifty day simple moving average is $195.49 and its 200 day simple 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 twelve month low of $105.24 and a twelve month high of $214.70.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wedbush increased their target price on Builders FirstSource from $175.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, February 12th. Barclays increased their price target on shares of Builders FirstSource from $235.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Royal Bank of Canada boosted their price objective 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 reiterated a “neutral” rating and set a $185.00 target price on shares of Builders FirstSource in a report on Thursday, March 28th. Finally, Oppenheimer boosted their price target on Builders FirstSource from $220.00 to $242.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $196.33.

Insider Activity

In other news, Director Cory Jacobs Boydston sold 7,759 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were 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 of the company’s stock, valued at approximately $5,747,600. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate 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.