SunTrust Banks Equities Analysts Reduce Earnings Estimates for BMC Stock Holdings Inc (BMCH)

BMC Stock Holdings Inc (NASDAQ:BMCH) – Equities researchers at SunTrust Banks reduced their FY2018 earnings per share estimates for shares of BMC Stock in a note issued to investors on Monday, January 7th. SunTrust Banks analyst K. Hughes now expects that the company will post earnings per share of $1.66 for the year, down from their previous forecast of $1.71.

BMC Stock (NASDAQ:BMCH) last released its earnings results on Thursday, November 1st. The company reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.09. The company had revenue of $990.00 million for the quarter, compared to the consensus estimate of $957.79 million. BMC Stock had a return on equity of 14.58% and a net margin of 2.98%. BMC Stock’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.34 earnings per share.

Other equities analysts also recently issued reports about the company. Barclays set a $22.00 target price on BMC Stock and gave the company a “buy” rating in a research report on Friday, November 2nd. DA Davidson initiated coverage on BMC Stock in a research report on Thursday, September 13th. They set a “buy” rating and a $27.00 target price on the stock. Wedbush set a $25.00 target price on BMC Stock and gave the company a “buy” rating in a research report on Tuesday, October 2nd. TheStreet downgraded BMC Stock from a “b” rating to a “c+” rating in a research report on Thursday, September 27th. Finally, Stephens downgraded BMC Stock from an “overweight” rating to an “equal” rating and set a $19.00 target price on the stock. in a research report on Thursday, October 18th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. BMC Stock has a consensus rating of “Hold” and an average target price of $22.17.

NASDAQ BMCH opened at $16.91 on Wednesday. The firm has a market cap of $1.12 billion, a P/E ratio of 16.58, a P/E/G ratio of 1.98 and a beta of 1.27. The company has a current ratio of 2.38, a quick ratio of 1.43 and a debt-to-equity ratio of 0.42. BMC Stock has a fifty-two week low of $14.66 and a fifty-two week high of $24.75.

Institutional investors have recently made changes to their positions in the company. Public Employees Retirement Association of Colorado lifted its position in shares of BMC Stock by 101.1% in the third quarter. Public Employees Retirement Association of Colorado now owns 7,205 shares of the company’s stock valued at $134,000 after acquiring an additional 3,623 shares in the last quarter. Macquarie Group Ltd. purchased a new position in shares of BMC Stock in the second quarter valued at about $161,000. Buckingham Asset Management LLC purchased a new position in shares of BMC Stock in the third quarter valued at about $187,000. Janus Henderson Group PLC purchased a new position in shares of BMC Stock in the third quarter valued at about $206,000. Finally, Paloma Partners Management Co purchased a new position in shares of BMC Stock in the second quarter valued at about $232,000.

In other BMC Stock news, insider David E. Flitman acquired 11,000 shares of the stock in a transaction dated Tuesday, November 6th. The shares were acquired at an average cost of $17.99 per share, for a total transaction of $197,890.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carl R. Vertuca, Jr. sold 2,500 shares of the business’s stock in a transaction dated Friday, January 4th. The shares were sold at an average price of $16.50, for a total value of $41,250.00. The disclosure for this sale can be found here. Insiders sold 8,200 shares of company stock worth $139,142 over the last 90 days. Company insiders own 1.20% of the company’s stock.

BMC Stock Company Profile

BMC Stock Holdings, Inc operates as lumber and building materials distributor and solutions provider in the United States. Its primary products include structural components, such as floor trusses, 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 trim, custom millwork, moldings, stairs and stair parts, and cabinetry and other products.

Featured Article: Diversification in Investing

Receive News & Ratings for BMC Stock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BMC Stock and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply