Brokerages Expect BMC Stock Holdings, Inc. (BMCH) Will Post Quarterly Sales of $899.66 Million
Wall Street analysts expect that BMC Stock Holdings, Inc. (NASDAQ:BMCH) will announce $899.66 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for BMC Stock Holdings’ earnings, with estimates ranging from $873.50 million to $926.61 million. BMC Stock Holdings reported sales of $821.20 million during the same quarter last year, which would suggest a positive year over year growth rate of 9.6%. The firm is scheduled to announce 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 financial year, with estimates ranging from $3.27 billion to $3.42 billion. For the next year, analysts anticipate that the company will report sales of $3.59 billion per share, with estimates ranging from $3.50 billion to $3.68 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow BMC Stock Holdings.
BMC Stock Holdings (NASDAQ:BMCH) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.03). The firm had revenue of $886.38 million during the quarter, compared to analysts’ expectations of $871.51 million. BMC Stock Holdings had a return on equity of 9.20% and a net margin of 1.28%. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the company earned $0.32 earnings per share.
BMCH has been the subject of several recent research reports. Robert W. Baird reaffirmed a “buy” rating and set a $23.00 target price on shares of BMC Stock Holdings in a report on Sunday, September 10th. FBR & Co cut their target price on shares of BMC Stock Holdings from $26.00 to $22.00 and set a “buy” rating for the company in a report on Tuesday, August 22nd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $24.00 target price on shares of BMC Stock Holdings in a report on Wednesday, June 7th. Barclays PLC cut their target price on shares of BMC Stock Holdings from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, August 4th. Finally, Zacks Investment Research lowered shares of BMC Stock Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $23.50.
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In related news, insider James F. Jr. Major sold 20,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $20.24, for a total value of $404,800.00. Following the completion of the sale, the insider now owns 176,482 shares of the company’s stock, valued at approximately $3,571,995.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Lisa M. Hamblet sold 12,812 shares of the business’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 of the company’s stock, valued at approximately $1,543,449.06. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Robotti Robert increased its holdings in BMC Stock Holdings by 2.4% in the 2nd quarter. Robotti Robert now owns 3,257,763 shares of the company’s stock worth $63,243,000 after acquiring an additional 77,866 shares in the last quarter. Vanguard Group Inc. increased its holdings in BMC Stock Holdings by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 2,558,236 shares of the company’s stock worth $55,897,000 after acquiring an additional 51,273 shares in the last quarter. Boston Partners increased its holdings in BMC Stock Holdings by 14.6% in the 2nd quarter. Boston Partners now owns 1,914,275 shares of the company’s stock worth $41,827,000 after acquiring an additional 243,382 shares in the last quarter. Westfield Capital Management Co. LP increased its holdings in BMC Stock Holdings by 64.3% in the 2nd quarter. Westfield Capital Management Co. LP now owns 1,718,041 shares of the company’s stock worth $37,539,000 after acquiring an additional 672,491 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in BMC Stock Holdings by 30.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,461,647 shares of the company’s stock worth $31,937,000 after acquiring an additional 339,360 shares in the last quarter.
Shares of BMC Stock Holdings (NASDAQ BMCH) opened at 20.75 on Friday. BMC Stock Holdings has a 52 week low of $15.45 and a 52 week high of $23.90. The stock has a 50 day moving average of $20.36 and a 200-day moving average of $21.47. The stock has a market capitalization of $1.39 billion, a PE ratio of 34.07 and a beta of 1.49.
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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