Builders FirstSource (BLDR) Expected to Announce Quarterly Earnings on Thursday

Builders FirstSource (NYSE:BLDR) is expected to be releasing its earnings data before the market opens on Thursday, February 20th. Analysts expect Builders FirstSource to post earnings of $2.18 per share and revenue of $3.90 billion for the quarter. Individual interested in registering for the company’s conference call can do so using this link.

Builders FirstSource Trading Down 3.4 %

Shares of Builders FirstSource stock opened at $150.88 on Thursday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. The stock has a market capitalization of $17.36 billion, a P/E ratio of 14.73, a P/E/G ratio of 0.89 and a beta of 2.12. Builders FirstSource has a 52-week low of $130.75 and a 52-week high of $214.70. The stock’s 50-day simple moving average is $157.69 and its 200 day simple moving average is $171.23.

Analysts Set New Price Targets

Several research firms have issued reports on BLDR. Wedbush restated an “outperform” rating and set a $230.00 target price on shares of Builders FirstSource in a research report on Wednesday, December 18th. Royal Bank of Canada upped their price target on Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Raymond James started coverage on shares of Builders FirstSource in a research report on Friday, January 17th. They issued an “outperform” rating and a $180.00 price objective for the company. Robert W. Baird increased their target price on shares of Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Finally, Stephens raised their price target on shares of Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $205.71.

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.