Q3 2017 EPS Estimates for BMC Stock Holdings, Inc. (BMCH) Cut by Analyst

BMC Stock Holdings, Inc. (NASDAQ:BMCH) – Equities research analysts at SunTrust Banks cut their Q3 2017 earnings per share estimates for BMC Stock Holdings in a report released on Monday. SunTrust Banks analyst K. Hughes now expects that the company will post earnings of $0.32 per share for the quarter, down from their prior estimate of $0.36. SunTrust Banks also issued estimates for BMC Stock Holdings’ FY2017 earnings at $1.02 EPS.

A number of other equities analysts have also commented on BMCH. Zacks Investment Research lowered BMC Stock Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Barclays PLC dropped their price objective on BMC Stock Holdings from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, August 4th. FBR & Co dropped their price objective on BMC Stock Holdings from $26.00 to $22.00 and set a “buy” rating on the stock in a research note on Tuesday, August 22nd. Royal Bank Of Canada reiterated a “buy” rating and issued a $24.00 price objective on shares of BMC Stock Holdings in a research note on Wednesday, June 7th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $23.00 price objective on shares of BMC Stock Holdings in a research note on Sunday, September 10th. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $23.40.

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BMC Stock Holdings (NASDAQ:BMCH) opened at 21.15 on Tuesday. The company has a 50-day moving average price of $20.45 and a 200-day moving average price of $21.42. The stock has a market cap of $1.42 billion, a P/E ratio of 34.73 and a beta of 1.49. BMC Stock Holdings has a one year low of $15.45 and a one year high of $23.90.

BMC Stock Holdings (NASDAQ:BMCH) last issued its earnings results on Thursday, August 3rd. The company reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.03). BMC Stock Holdings had a return on equity of 9.20% and a net margin of 1.28%. The company had revenue of $886.38 million during the quarter, compared to analysts’ expectations of $871.51 million. During the same period in the previous year, the company earned $0.32 EPS. BMC Stock Holdings’s quarterly revenue was up 11.1% on a year-over-year basis.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Highlander Capital Management LLC boosted its holdings in BMC Stock Holdings by 2.2% during the second quarter. Highlander Capital Management LLC now owns 22,800 shares of the company’s stock valued at $504,000 after purchasing an additional 500 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in BMC Stock Holdings by 20.8% during the second quarter. Ameritas Investment Partners Inc. now owns 5,748 shares of the company’s stock valued at $126,000 after purchasing an additional 989 shares in the last quarter. Legal & General Group Plc boosted its holdings in BMC Stock Holdings by 15.5% during the second quarter. Legal & General Group Plc now owns 15,739 shares of the company’s stock valued at $344,000 after purchasing an additional 2,108 shares in the last quarter. American International Group Inc. boosted its holdings in BMC Stock Holdings by 7.1% during the first quarter. American International Group Inc. now owns 33,944 shares of the company’s stock valued at $767,000 after purchasing an additional 2,251 shares in the last quarter. Finally, Worth Venture Partners LLC boosted its holdings in BMC Stock Holdings by 15.8% during the second quarter. Worth Venture Partners LLC now owns 24,962 shares of the company’s stock valued at $545,000 after purchasing an additional 3,410 shares in the last quarter.

In other BMC Stock Holdings news, insider Lisa M. Hamblet sold 12,812 shares of BMC Stock Holdings stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $20.82, for a total transaction of $266,745.84. Following the sale, the insider now directly owns 74,133 shares of the company’s stock, valued at $1,543,449.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James F. Jr. Major sold 20,000 shares of BMC Stock Holdings stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $20.24, for a total value of $404,800.00. Following the sale, the insider now directly owns 176,482 shares in the company, valued at $3,571,995.68. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.

About BMC Stock Holdings

BMC Stock Holdings, Inc is a provider of building products and services in the United States residential construction market. The Company’s segments include Mid-Atlantic, Southeast, Texas, Intermountain, Western and Mountain West divisions. Its product offerings include lumber and lumber sheet goods and an array of products, including millwork, doors, windows, structural components, floor and roof trusses and wall panels.

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