Builders FirstSource (BLDR) Releases Earnings Results, Misses Expectations By $-0.07 EPS

Builders FirstSource (BLDR) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $0.31 earnings per share for the quarter, missing the analyst consensus estimate by $-0.07. Analysts had a consensus of $0.38. The company posted revenue of $1677.30 million in the period, compared to analysts expectations of $1729.44 million. The company’s revenue was up 263.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS.

Many Wall Street Analysts have commented on Builders FirstSource. FBR Capital Initiated Builders FirstSource on Jun 1, 2016 to “Outperform”, Price Target of the shares are set at $16.

Builders FirstSource closed down -0.15 points or -1.16% at $12.83 with 11,44,859 shares getting traded on Tusday. Post opening the session at $12.95, the shares hit an intraday low of $12.78 and an intraday high of $13.15 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jun 10, 2016, M Chad Crow (President, COO, and CFO) sold 117,250 shares at $11.96 per share price. According to the SEC, on Jun 3, 2016, Floyd F Sherman (Chief Executive Officer) sold 270,000 shares at $12.01 per share price. On May 25, 2016, Michael Graff (director) sold 1.3263266E7 shares at $10.40 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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