$876.77 Million in Sales Expected for BMC Stock Holdings Inc (BMCH) This Quarter
Wall Street analysts forecast that BMC Stock Holdings Inc (NASDAQ:BMCH) will announce $876.77 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for BMC Stock Holdings’ earnings, with the lowest sales estimate coming in at $845.4 million and the highest estimate coming in at $895.3 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 9.9%. The company is scheduled to announce its next quarterly earnings results on Monday, August 14th.
According to Zacks, analysts expect that BMC Stock Holdings will report full-year sales of $876.77 million for the current financial year, with estimates ranging from $3.27 billion to $3.46 billion. For the next fiscal year, analysts anticipate that the company will post sales of $3.6 billion per share, with estimates ranging from $3.5 billion to $3.7 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover BMC Stock Holdings.
BMC Stock Holdings (NASDAQ:BMCH) last posted its quarterly earnings data on Monday, May 8th. The company reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by $0.02. The company had revenue of $757.70 million for the quarter, compared to analysts’ expectations of $738.23 million. BMC Stock Holdings had a return on equity of 8.61% and a net margin of 0.46%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.08 EPS.
Several brokerages recently commented on BMCH. Seaport Global Securities began coverage on shares of BMC Stock Holdings in a research report on Thursday, March 16th. They set a “buy” rating and a $26.00 price target for the company. Barclays PLC set a $24.00 price target on shares of BMC Stock Holdings and gave the stock a “buy” rating in a research report on Monday, May 8th. Royal Bank of Canada dropped their price target on shares of BMC Stock Holdings from $28.00 to $26.00 and set an “outperform” rating for the company in a research report on Tuesday. Zacks Investment Research lowered shares of BMC Stock Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, FBR & Co reaffirmed an “outperform” rating and set a $26.00 price target (up previously from $21.00) on shares of BMC Stock Holdings in a research report on Wednesday, March 8th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. BMC Stock Holdings presently has a consensus rating of “Buy” and an average target price of $24.10.
BMC Stock Holdings (NASDAQ:BMCH) opened at 20.40 on Friday. The company’s 50 day moving average is $22.79 and its 200-day moving average is $20.16. The stock has a market cap of $1.36 billion, a PE ratio of 33.22 and a beta of 1.48. BMC Stock Holdings has a 52-week low of $15.45 and a 52-week high of $23.90.
In other news, major shareholder Gores Group, Llc sold 2,600,000 shares of the stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $21.06, for a total value of $54,756,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carl R. Vertuca, Jr. sold 10,000 shares of the stock in a transaction on Friday, March 10th. The stock was sold at an average price of $22.00, for a total transaction of $220,000.00. Following the completion of the sale, the director now directly owns 104,549 shares of the company’s stock, valued at approximately $2,300,078. The disclosure for this sale can be found here. Insiders sold 3,113,744 shares of company stock valued at $66,386,643 in the last three months. Company insiders own 5.15% of the company’s stock.
Several large investors have recently added to or reduced their stakes in BMCH. Davidson Kempner Capital Management LP acquired a new stake in BMC Stock Holdings during the fourth quarter valued at about $118,514,000. Frontier Capital Management Co. LLC raised its stake in BMC Stock Holdings by 7.2% in the first quarter. Frontier Capital Management Co. LLC now owns 3,719,935 shares of the company’s stock valued at $84,071,000 after buying an additional 250,038 shares during the last quarter. Vanguard Group Inc. raised its stake in BMC Stock Holdings by 18.1% in the first quarter. Vanguard Group Inc. now owns 2,506,963 shares of the company’s stock valued at $56,658,000 after buying an additional 383,321 shares during the last quarter. Boston Partners raised its stake in BMC Stock Holdings by 11.7% in the first quarter. Boston Partners now owns 1,670,893 shares of the company’s stock valued at $37,762,000 after buying an additional 174,602 shares during the last quarter. Finally, ACK Asset Management LLC raised its stake in BMC Stock Holdings by 12.8% in the first quarter. ACK Asset Management LLC now owns 1,340,000 shares of the company’s stock valued at $23,579,000 after buying an additional 152,100 shares during the last quarter. 84.98% of the stock is owned by institutional investors.
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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