Builders FirstSource (NYSE:BLDR – Get Rating) is expected to report results before market open on Tuesday, November 8. Analysts expect the company to report earnings of $3.53 per share for the quarter. Investors wishing to listen to the company’s conference call can do so using this link.

Builders FirstSource (NYSE:BLDR – Get Rating) last released its results on Monday, August 1. The company reported EPS of $6.26 for the quarter, beating consensus analyst estimates of $3.00 by $3.26. Builders FirstSource achieved a net margin of 11.79% and a return on equity of 58.32%. The company posted revenue of $6.93 billion for the quarter, versus a consensus estimate of $5.55 billion. During the same quarter last year, the company posted EPS of $2.76. The company’s revenue for the quarter increased by 24.2% compared to the same quarter last year. On average, analysts expect Builders FirstSource to post EPS of $16 for the current fiscal year and EPS of $9 for the next fiscal year.

Builders FirstSource Price Performance

NYSE BLDR shares opened at $61.66 on Tuesday. The company has a market capitalization of $9.62 billion, a price-earnings ratio of 4.22 and a beta of 2.07. The company has a debt ratio of 0.69, a current ratio of 2.09 and a quick ratio of 1.27. Builders FirstSource has a 1 year minimum of $48.91 and a 1 year maximum of $86.48. The company has a 50-day moving average of $59.39 and a 200-day moving average of $61.68.

Hedge funds weigh on builders FirstSource

A number of institutional investors and hedge funds have recently bought and sold shares of BLDR. Zions Bancorporation NA purchased a new stake in Builders FirstSource during the first quarter valued at approximately $55,000. Fairfield Bush & CO. bought a new stake in Builders FirstSource in the first quarter worth approximately $64,000. Loomis Sayles & Co. LP acquired a new stake in Builders FirstSource in Q1 valued at approximately $192,000. Continuum Advisory LLC purchased a new stock position in Builders FirstSource during Q1 worth approximately $209,000. Finally, Quantedge Capital Pte Ltd acquired a new position in Builders FirstSource stock in Q1 worth approximately $239,000. Institutional investors hold 95.83% of the company’s shares.

Analysts set new price targets

Several analysts have released reports on the stock. B. Riley raised his price target on Builders FirstSource stock from $71.00 to $75.00 in a Tuesday, August 2 research report. Barclays raised its price target on Builders FirstSource shares from $86.00 to $93.00 and gave the company an “overweight” rating in a Tuesday, August 2 research report. Deutsche Bank Aktiengesellschaft lowered its price target on Builders FirstSource from $93.00 to $85.00 and set a “buy” rating on the stock in a Thursday, October 20 research report. Stephens cut its target price on Builders FirstSource from $100.00 to $75.00 and set an “overweight” rating for the company in a Thursday, July 28 research note. Finally, Royal Bank of Canada cut Builders FirstSource shares from an “outperforming” rating to an “sector outperforming” rating and raised its price target for the company from $70.00 to 79, $00 in a Tuesday, Aug. 2 report. Four investment analysts gave the stock a hold rating and ten gave the company a buy rating. According to MarketBeat, Builders FirstSource currently has an average rating of “Moderate Buy” and an average target price of $89.92.

Company Profile Builders FirstSource

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Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, fabricated components and construction services to professional home builders, contractors, remodelers and consumers in the United States. It offers lumber and lumber sheet products including dimensional lumber, plywood and oriented strand board products that are used in the framing of on-site homes; manufactured products, such as wooden floors and roof trusses, steel roof trusses, wall panels, stairs and engineered wood products; and windows, and interior and exterior door units, as well as interior and exterior trim and custom products under the Synboard brand.

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Revenue history for Builders FirstSource (NYSE: BLDR)

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