Wall Street analysts expect BMC Stock Holdings Inc (NASDAQ:BMCH) to report sales of $870.54 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for BMC Stock’s earnings, with the highest sales estimate coming in at $888.99 million and the lowest estimate coming in at $850.90 million. BMC Stock posted sales of $859.52 million in the same quarter last year, which would indicate a positive year over year growth rate of 1.3%. The firm is expected to announce its next quarterly earnings report on Thursday, February 27th.
According to Zacks, analysts expect that BMC Stock will report full-year sales of $3.61 billion for the current fiscal year, with estimates ranging from $3.59 billion to $3.63 billion. For the next year, analysts expect that the business will post sales of $3.81 billion, with estimates ranging from $3.77 billion to $3.87 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow BMC Stock.
BMC Stock (NASDAQ:BMCH) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.05. BMC Stock had a return on equity of 13.87% and a net margin of 3.28%. The company had revenue of $964.25 million for the quarter, compared to the consensus estimate of $947.70 million. During the same quarter in the previous year, the business earned $0.58 EPS. The company’s quarterly revenue was down 2.6% compared to the same quarter last year.
A number of equities research analysts have recently issued reports on BMCH shares. Evercore ISI raised BMC Stock from an “in-line” rating to an “outperform” rating in a research report on Friday, August 9th. Stephens raised BMC Stock from an “equal” rating to an “overweight” rating and boosted their target price for the stock from $25.00 to $33.00 in a research report on Wednesday, October 16th. BidaskClub lowered BMC Stock from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Wedbush boosted their target price on BMC Stock from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. They noted that the move was a valuation call. Finally, Zacks Investment Research raised BMC Stock from a “hold” rating to a “strong-buy” rating and set a $29.00 target price on the stock in a research report on Friday, August 9th. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $26.00.
In other news, insider James F. Jr. Major sold 47,263 shares of the business’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $28.57, for a total transaction of $1,350,303.91. Also, insider Lisa M. Hamblet sold 1,000 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $25.55, for a total value of $25,550.00. Insiders have sold 101,000 shares of company stock worth $2,821,329 over the last ninety days. 1.20% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the stock. Bank of Montreal Can acquired a new position in BMC Stock during the second quarter valued at $2,701,000. Parametric Portfolio Associates LLC raised its position in BMC Stock by 29.8% during the second quarter. Parametric Portfolio Associates LLC now owns 165,514 shares of the company’s stock valued at $3,509,000 after buying an additional 37,965 shares during the period. Public Employees Retirement System of Ohio grew its stake in BMC Stock by 103.7% in the second quarter. Public Employees Retirement System of Ohio now owns 60,215 shares of the company’s stock valued at $1,277,000 after purchasing an additional 30,659 shares in the last quarter. Convergence Investment Partners LLC grew its stake in BMC Stock by 289.6% in the third quarter. Convergence Investment Partners LLC now owns 41,190 shares of the company’s stock valued at $1,078,000 after purchasing an additional 30,617 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in BMC Stock by 315.7% in the second quarter. Renaissance Technologies LLC now owns 573,700 shares of the company’s stock valued at $12,162,000 after purchasing an additional 435,700 shares in the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BMCH traded up $0.18 during midday trading on Monday, reaching $29.53. The stock had a trading volume of 331,546 shares, compared to its average volume of 431,343. The firm’s 50 day moving average price is $28.54 and its 200-day moving average price is $24.46. The company has a market capitalization of $1.97 billion, a P/E ratio of 15.88 and a beta of 0.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.32 and a quick ratio of 1.52. BMC Stock has a 52 week low of $14.66 and a 52 week high of $30.16.
About BMC Stock
BMC Stock Holdings, Inc distributes lumber and building materials to new construction, and repair and remodeling contractors in the United States. Its products comprise structural components, such as floor and roof trusses, wall panels, and engineered wood products; lumber and lumber sheet goods, including dimensional lumber, plywood, and oriented strand board products used in on-site house framing under the Ready-Frame brand; and millwork, doors, and windows comprising interior and exterior doors, windows, interior trims, custom millworks, moldings, stairs and stair parts, and cabinetry and other products.
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