Analysts expect that BMC Stock Holdings Inc (NASDAQ:BMCH) will post $819.70 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for BMC Stock’s earnings. The lowest sales estimate is $796.60 million and the highest is $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 business is expected to announce its next earnings report on Wednesday, March 7th.
According to Zacks, analysts expect that BMC Stock will report full-year sales of $819.70 million for the current financial year, with estimates ranging from $3.32 billion to $3.36 billion. For the next financial year, analysts expect that the company will post sales of $3.62 billion per share, with estimates ranging from $3.56 billion to $3.68 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for BMC Stock.
BMC Stock (NASDAQ:BMCH) last released its quarterly earnings data on Monday, November 6th. The company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.01). The business had revenue of $881.01 million during the quarter, compared to analyst estimates of $888.09 million. BMC Stock had a return on equity of 9.42% and a net margin of 1.53%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.32 EPS.
A number of analysts have recently weighed in on BMCH shares. Robert W. Baird reiterated a “buy” rating and issued a $23.00 price objective on shares of BMC Stock in a research note on Monday, October 9th. BidaskClub upgraded shares of BMC Stock from a “hold” rating to a “buy” rating in a research note on Thursday, December 21st. B. Riley lowered shares of BMC Stock from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $25.00 to $26.00 in a research note on Wednesday, January 3rd. American Capital Partners reiterated a “neutral” rating and issued a $26.00 price objective (up previously from $25.00) on shares of BMC Stock in a research note on Friday, January 5th. Finally, Zacks Investment Research upgraded shares of BMC Stock from a “sell” rating to a “hold” rating and set a $27.00 price objective on the stock in a research note on Friday, January 5th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. BMC Stock currently has a consensus rating of “Buy” and a consensus price target of $24.75.
Shares of BMC Stock (BMCH) opened at $24.50 on Friday. The firm has a market cap of $1,640.00, a price-to-earnings ratio of 32.67 and a beta of 1.50. BMC Stock has a 52 week low of $17.45 and a 52 week high of $25.70. The company has a quick ratio of 1.38, a current ratio of 2.29 and a debt-to-equity ratio of 0.57.
In related news, insider Michael Alan Farmer sold 2,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $22.20, for a total transaction of $44,400.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jeffrey Gene Rea sold 75,000 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $22.00, for a total transaction of $1,650,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 227,000 shares of company stock worth $5,294,400. 3.70% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Ruane Cunniff & Goldfarb Inc. acquired a new stake in BMC Stock during the third quarter valued at $55,510,000. Vanguard Group Inc. lifted its holdings in BMC Stock by 2.0% during the second quarter. Vanguard Group Inc. now owns 2,558,236 shares of the company’s stock valued at $55,897,000 after purchasing an additional 51,273 shares in the last quarter. Boston Partners lifted its holdings in BMC Stock by 1.9% during the third quarter. Boston Partners now owns 1,950,153 shares of the company’s stock valued at $41,636,000 after purchasing an additional 35,878 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in BMC Stock by 26.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,854,388 shares of the company’s stock valued at $39,592,000 after purchasing an additional 392,741 shares in the last quarter. Finally, Westfield Capital Management Co. LP lifted its holdings in BMC Stock by 64.3% during the second quarter. Westfield Capital Management Co. LP now owns 1,718,041 shares of the company’s stock valued at $37,539,000 after purchasing an additional 672,491 shares in the last quarter.
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BMC Stock Company Profile
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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