Brokerages expect BMC Stock Holdings Inc (NASDAQ:BMCH) to post sales of $854.34 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for BMC Stock Holdings’ earnings. The lowest sales estimate is $842.4 million and the highest is $867.42 million. BMC Stock Holdings reported sales of $797.55 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.1%. The firm is expected to report its next quarterly earnings results on Monday, August 14th.
According to Zacks, analysts expect that BMC Stock Holdings will report full year sales of $854.34 million for the current fiscal year, with estimates ranging from $3.25 billion to $3.33 billion. For the next year, analysts forecast that the business will report sales of $3.5 billion per share, with estimates ranging from $3.47 billion to $3.53 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for BMC Stock Holdings.
BMC Stock Holdings (NASDAQ:BMCH) last issued its quarterly earnings data on Monday, May 8th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by $0.02. BMC Stock Holdings had a net margin of 0.46% and a return on equity of 8.61%. The business had revenue of $757.70 million during the quarter, compared to the consensus estimate of $738.23 million. During the same quarter in the previous year, the firm posted $0.08 EPS. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year.
Several research firms recently weighed in on BMCH. Zacks Investment Research downgraded BMC Stock Holdings from a “buy” rating to a “hold” rating in a report on Tuesday. Barclays PLC set a $24.00 price objective on BMC Stock Holdings and gave the company a “buy” rating in a report on Monday. Royal Bank of Canada reissued an “outperform” rating and set a $26.00 price objective (down previously from $28.00) on shares of BMC Stock Holdings in a report on Tuesday. Seaport Global Securities began coverage on BMC Stock Holdings in a report on Thursday, March 16th. They set a “buy” rating and a $26.00 price objective on the stock. Finally, FBR & Co reissued an “outperform” rating and set a $26.00 price objective (up previously from $21.00) on shares of BMC Stock Holdings in a report on Wednesday, March 8th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $24.23.
In related news, insider Peter Alexander sold 21,744 shares of the firm’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $21.00, for a total transaction of $456,624.00. Following the completion of the transaction, the insider now directly owns 58,507 shares of the company’s stock, valued at approximately $1,228,647. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael Alan Farmer sold 2,000 shares of the firm’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $21.38, for a total value of $42,760.00. Following the transaction, the insider now directly owns 14,008 shares of the company’s stock, valued at $299,491.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,080,744 shares of company stock valued at $65,678,463. 5.15% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in BMCH. Frontier Capital Management Co. LLC bought a new position in shares of BMC Stock Holdings during the fourth quarter valued at about $67,663,000. Century Capital Management LLC bought a new position in shares of BMC Stock Holdings during the fourth quarter valued at about $2,815,000. State Board of Administration of Florida Retirement System bought a new position in shares of BMC Stock Holdings during the fourth quarter valued at about $244,000. State Street Corp raised its position in shares of BMC Stock Holdings by 4.1% in the fourth quarter. State Street Corp now owns 926,990 shares of the company’s stock valued at $18,077,000 after buying an additional 36,313 shares in the last quarter. Finally, Dimensional Fund Advisors LP bought a new position in shares of BMC Stock Holdings during the fourth quarter valued at about $19,193,000. 84.98% of the stock is owned by institutional investors and hedge funds.
Shares of BMC Stock Holdings (NASDAQ:BMCH) traded down 1.64% during trading on Friday, reaching $21.00. The company’s stock had a trading volume of 1,207,896 shares. BMC Stock Holdings has a 52-week low of $15.45 and a 52-week high of $23.90. The company has a market cap of $1.40 billion, a PE ratio of 45.65 and a beta of 1.48. The firm’s 50-day moving average is $22.96 and its 200 day moving average is $20.04.
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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