Equities research analysts expect that BMC Stock Holdings Inc (NASDAQ:BMCH) will announce $845.55 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for BMC Stock’s earnings, with estimates ranging from $836.27 million to $855.01 million. BMC Stock posted sales of $757.70 million during the same quarter last year, which suggests a positive year-over-year growth rate of 11.6%. The business is scheduled to issue its next quarterly earnings results on Monday, May 14th.
According to Zacks, analysts expect that BMC Stock will report full-year sales of $845.55 million for the current financial year, with estimates ranging from $3.63 billion to $3.72 billion. For the next fiscal year, analysts expect that the business will report sales of $3.91 billion per share, with estimates ranging from $3.81 billion to $3.99 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for BMC Stock.
BMC Stock (NASDAQ:BMCH) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.03). BMC Stock had a net margin of 1.71% and a return on equity of 9.50%. The business had revenue of $840.88 million during the quarter, compared to the consensus estimate of $821.77 million. During the same period in the previous year, the business posted $0.21 EPS. The firm’s revenue was up 12.5% on a year-over-year basis.
A number of research analysts recently commented on the stock. BidaskClub downgraded shares of BMC Stock from a “hold” rating to a “sell” rating in a report on Wednesday, February 14th. Royal Bank of Canada set a $23.00 price objective on shares of BMC Stock and gave the stock a “buy” rating in a research note on Wednesday, February 14th. TheStreet downgraded shares of BMC Stock from a “b-” rating to a “c” rating in a research note on Thursday, February 22nd. Zacks Investment Research downgraded shares of BMC Stock from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, B. Riley reissued a “neutral” rating and issued a $23.00 price objective (down previously from $26.00) on shares of BMC Stock in a research note on Tuesday, February 27th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $23.38.
Shares of NASDAQ:BMCH opened at $19.85 on Friday. The company has a quick ratio of 1.35, a current ratio of 2.33 and a debt-to-equity ratio of 0.49. BMC Stock has a 12 month low of $18.20 and a 12 month high of $25.70. The stock has a market capitalization of $1,364.07, a P/E ratio of 19.46 and a beta of 1.34.
In other news, Director David W. Bullock acquired 5,000 shares of the firm’s stock in a transaction on Thursday, March 1st. The stock was acquired at an average price of $19.13 per share, with a total value of $95,650.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carl R. Vertuca, Jr. sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $19.70, for a total transaction of $137,900.00. The disclosure for this sale can be found here. 3.70% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the company. Zions Bancorporation purchased a new position in shares of BMC Stock during the third quarter worth approximately $110,000. Pinnacle Associates Ltd. purchased a new position in shares of BMC Stock during the fourth quarter worth approximately $202,000. Paloma Partners Management Co purchased a new position in shares of BMC Stock during the fourth quarter worth approximately $208,000. Amalgamated Bank purchased a new position in shares of BMC Stock during the fourth quarter worth approximately $222,000. Finally, Vident Investment Advisory LLC purchased a new position in shares of BMC Stock during the third quarter worth approximately $285,000.
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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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