Builders FirstSource (BLDR) Releases Earnings Results, Beats Expectations By $0.02 EPS

Builders FirstSource (BLDR) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $-0.11 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $-0.13. The company posted revenue of $1397.10 million in the period, compared to analysts expectations of $1360.35 million. The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.52 EPS.

Many Wall Street Analysts have commented on Builders FirstSource. Sun Trust Rbsn Humphrey Initiated Builders FirstSource on Apr 20, 2016 to “Buy”, Price Target of the shares are set at $16.Shares were Reiterated by Deutsche Bank on Mar 7, 2016 to “Buy” and Lowered the Price Target to $ 13 from a previous price target of $19 .

Builders FirstSource opened for trading at $10.9 and hit $11.33 on the upside on Wednesday, eventually ending the session at $11.13, with a gain of 1.37% or 0.15 points. The heightened volatility saw the trading volume jump to 11,19,727 shares. Company has a market cap of $1,225 M.

In a different news, on Dec 9, 2015, Morris E Tolly (Sr Vice President-Operations) sold 63,000 shares at $13.07 per share price. According to the SEC, on Dec 4, 2015, Floyd F Sherman (Chief Executive Officer) sold 75,000 shares at $13.42 per share price. On Dec 3, 2015, Donald F Mcaleenan (SVP & General Counsel) sold 150,000 shares at $13.42 per share price, according to the Form-4 filing with the securities and exchange commission.

Builders FirstSource Inc. is a supplier and manufacturer of structural and related building products for residential new construction. The Company groups its building products and services into five product categories: Prefabricated Components Windows & Doors Lumber & Lumber Sheet Goods Millwork and Other Building Products & Services. The Company’s Prefabricated Components are factory-built substitutes for job-site framing. The Windows & Doors category includes the manufacturing assembly and distribution of windows and the assembly and distribution of interior and exterior door units. The Lumber & Lumber Sheet Goods category includes dimensional lumber plywood and oriented strand board (OSB) products. The Millwork category offers interior and exterior trim columns and posts as well as custom exterior features under the Synboard brand. The Other Building Products & Services category consists of various products including hardware composite materials roofing and insulation.

Builders FirstSource

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