$819.70 Million in Sales Expected for BMC Stock Holdings Inc (BMCH) This Quarter

Equities analysts expect that BMC Stock Holdings Inc (NASDAQ:BMCH) will report sales of $819.70 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for BMC Stock’s earnings, with the lowest sales estimate coming in at $796.60 million and the highest estimate coming in at $836.23 million. BMC Stock reported sales of $747.57 million during the same quarter last year, which would suggest a positive year over year growth rate of 9.6%. The firm is scheduled to report its next earnings results on Wednesday, March 7th.

According to Zacks, analysts expect that BMC Stock will report full year sales of $819.70 million for the current year, with estimates ranging from $3.32 billion to $3.36 billion. For the next fiscal year, analysts expect that the firm will report sales of $3.62 billion per share, with estimates ranging from $3.56 billion to $3.68 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for BMC Stock.

BMC Stock (NASDAQ:BMCH) last released its earnings results on Monday, November 6th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01). The business had revenue of $881.01 million for the quarter, compared to the consensus estimate of $888.09 million. BMC Stock had a net margin of 1.53% and a return on equity of 9.42%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 EPS.

A number of equities analysts recently issued reports on BMCH shares. Robert W. Baird reiterated a “buy” rating and issued a $23.00 target price on shares of BMC Stock in a research report on Sunday, September 10th. Royal Bank Of Canada reissued a “buy” rating and issued a $26.00 price target on shares of BMC Stock in a report on Wednesday, November 15th. B. Riley reissued a “buy” rating and issued a $25.00 price target (up from $22.00) on shares of BMC Stock in a report on Tuesday, November 7th. FBR & Co cut their price target on shares of BMC Stock from $26.00 to $22.00 and set a “buy” rating for the company in a report on Tuesday, August 22nd. Finally, TheStreet raised shares of BMC Stock from a “c” rating to a “b-” rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. BMC Stock currently has a consensus rating of “Buy” and an average price target of $24.00.

BMC Stock (BMCH) opened at $23.30 on Friday. The stock has a market cap of $1,560.00, a PE ratio of 23.93 and a beta of 1.50. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.29 and a quick ratio of 1.38. BMC Stock has a 12-month low of $17.45 and a 12-month high of $23.90.

In other BMC Stock news, Director Jeffrey Gene Rea sold 1,221 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $23.00, for a total transaction of $28,083.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Peter Alexander sold 28,000 shares of the stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $21.08, for a total value of $590,240.00. The disclosure for this sale can be found here. Insiders sold 180,000 shares of company stock worth $4,009,640 in the last 90 days. 3.70% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. Robotti Robert boosted its position in shares of BMC Stock by 2.4% in the second quarter. Robotti Robert now owns 3,257,763 shares of the company’s stock valued at $63,243,000 after acquiring an additional 77,866 shares during the period. Ruane Cunniff & Goldfarb Inc. bought a new position in BMC Stock in the third quarter worth $55,510,000. Vanguard Group Inc. lifted its position in BMC Stock by 2.0% in the second quarter. Vanguard Group Inc. now owns 2,558,236 shares of the company’s stock worth $55,897,000 after purchasing an additional 51,273 shares during the period. Boston Partners lifted its position in BMC Stock by 1.9% in the third quarter. Boston Partners now owns 1,950,153 shares of the company’s stock worth $41,636,000 after purchasing an additional 35,878 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in BMC Stock by 26.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,854,388 shares of the company’s stock worth $39,592,000 after purchasing an additional 392,741 shares during the period.

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About BMC Stock

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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Earnings History and Estimates for BMC Stock (NASDAQ:BMCH)

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