Brokerages forecast that BMC Stock Holdings, Inc. (NASDAQ:BMCH) will report $899.66 million in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for BMC Stock Holdings’ earnings, with the highest sales estimate coming in at $926.61 million and the lowest estimate coming in at $873.50 million. BMC Stock Holdings reported sales of $821.20 million in the same quarter last year, which would suggest a positive year over year growth rate of 9.6%. The business is expected to issue its next quarterly earnings report on Monday, November 6th.

According to Zacks, analysts expect that BMC Stock Holdings will report full-year sales of $899.66 million for the current year, with estimates ranging from $3.27 billion to $3.42 billion. For the next financial year, analysts anticipate that the firm will post sales of $3.59 billion per share, with estimates ranging from $3.50 billion to $3.68 billion. Zacks Investment Research’s 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 results on Thursday, August 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.03. The business had revenue of $886.38 million for the quarter, compared to analyst estimates of $871.51 million. BMC Stock Holdings had a return on equity of 9.20% and a net margin of 1.28%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.32 EPS.

A number of brokerages have weighed in on BMCH. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $24.00 target price on shares of BMC Stock Holdings in a research report on Tuesday, July 18th. Zacks Investment Research downgraded BMC Stock Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 10th. Finally, Barclays PLC set a $24.00 target price on BMC Stock Holdings and gave the company a “buy” rating in a research report on Monday, May 8th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. BMC Stock Holdings has an average rating of “Buy” and a consensus target price of $24.40.

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Shares of BMC Stock Holdings (BMCH) traded down 0.856% during trading on Wednesday, reaching $20.275. 280,720 shares of the company’s stock traded hands. BMC Stock Holdings has a 1-year low of $15.45 and a 1-year high of $23.90. The stock has a market capitalization of $1.36 billion, a PE ratio of 33.292 and a beta of 1.47. The company has a 50 day moving average price of $21.51 and a 200 day moving average price of $21.42.

In other BMC Stock Holdings news, insider Lisa M. Hamblet sold 12,812 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $20.82, for a total transaction of $266,745.84. Following the completion of the sale, the insider now directly owns 74,133 shares in the company, valued at $1,543,449.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.70% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. bought a new stake in BMC Stock Holdings during the first quarter worth $108,000. Acadian Asset Management LLC bought a new stake in BMC Stock Holdings during the first quarter worth $140,000. BNP Paribas Arbitrage SA increased its stake in BMC Stock Holdings by 2,853.3% in the second quarter. BNP Paribas Arbitrage SA now owns 7,147 shares of the company’s stock worth $156,000 after buying an additional 6,905 shares during the last quarter. UBS Asset Management Americas Inc. bought a new stake in BMC Stock Holdings during the first quarter worth $209,000. Finally, TFS Capital LLC bought a new stake in BMC Stock Holdings during the first quarter worth $210,000. Institutional investors own 98.99% of the company’s stock.

BMC Stock Holdings 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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