Builders FirstSource (Nasdaq: BLDR) spotted trading -10.71% off 52-week high price. On the other end, the stock has been noted 65.91% away from the low price over the last 52-weeks. The stock changed 0.54% to recent value of $16.84. The stock transacted 821601 shares during most recent day however it has an average volume of 1051.06K shares. The company has 115.43M of outstanding shares and 113.47M shares were floated in the market.
Builders FirstSource, Inc. (Nasdaq: BLDR) reported that it has launched an offering of $75 million aggregate principal amount of 6.750% Senior Secured Notes due 2027 (the “Notes”). The Notes will form part of the same series as the $400 million aggregate principal amount of 6.750% Senior Secured Notes due 2027 issued on May 30, 2019.
The Company intends to use the net proceeds from the offering to redeem $75 million aggregate principal amount of its outstanding 5.625% Senior Secured Notes due 2024 and pay related transaction fees and expenses.
Consummation of the offering of the Notes is subject to market and other conditions, and there can be no assurance that the Company will be able to successfully complete these transactions on the terms described above, or at all.
The Notes will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities law and may not be offered or sold within the United States or to or for the account of any U.S. person, except pursuant to an exemption from the registration requirements thereof. Accordingly, the Notes will be offered and sold only to (i) persons reasonably believed to be “qualified institutional buyers” (as defined in Rule 144A under the Securities Act) and (ii) non-“U.S. persons” who are outside the United States (as defined in Regulation S under the Securities Act).
Its earnings per share (EPS) expected to touch remained 200.20% for this year while earning per share for the next 5-years is expected to reach at 5.00%. BLDR has a gross margin of 25.50% and an operating margin of 5.10% while its profit margin remained 2.80% for the last 12 months.
According to the most recent quarter its current ratio was 1.9 that represents company’s ability to meet its current financial obligations. The price moved ahead of 5.86% from the mean of 20 days, 8.25% from mean of 50 days SMA and performed 22.74% from mean of 200 days price. Company’s performance for the week was -0.82%, 13.17% for month and YTD performance remained 54.35%