BMC Stock Holdings, Inc. (BMCH) Expected to Post Quarterly Sales of $888.64 Million
Brokerages expect that BMC Stock Holdings, Inc. (NASDAQ:BMCH) will report $888.64 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for BMC Stock Holdings’ earnings, with estimates ranging from $849.40 million to $926.61 million. BMC Stock Holdings reported sales of $821.20 million in the same quarter last year, which indicates a positive year-over-year growth rate of 8.2%. The firm is expected to report its next quarterly earnings report on Monday, November 6th.
On average, analysts expect that BMC Stock Holdings will report full-year sales of $888.64 million for the current fiscal year, with estimates ranging from $3.31 billion to $3.42 billion. For the next year, analysts anticipate that the business will post sales of $3.61 billion per share, with estimates ranging from $3.57 billion to $3.68 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow BMC Stock Holdings.
BMC Stock Holdings (NASDAQ:BMCH) last issued its earnings results 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 the consensus estimate of $871.51 million. BMC Stock Holdings had a net margin of 1.28% and a return on equity of 9.20%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 earnings per share.
A number of research analysts have recently issued reports on BMCH shares. Zacks Investment Research cut shares of BMC Stock Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 10th. Royal Bank Of Canada restated a “buy” rating and set a $24.00 price target on shares of BMC Stock Holdings in a report on Tuesday, July 18th. Barclays PLC cut their price target on shares of BMC Stock Holdings from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, August 4th. FBR & Co cut their price target on shares of BMC Stock Holdings from $26.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday, August 22nd. Finally, Robert W. Baird restated a “buy” rating and set a $23.00 price target on shares of BMC Stock Holdings in a report on Sunday, September 10th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $23.40.
In other BMC Stock Holdings news, insider Lisa M. Hamblet sold 12,812 shares of BMC Stock Holdings stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $20.82, for a total value of $266,745.84. Following the sale, the insider now owns 74,133 shares of the company’s stock, valued at $1,543,449.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider James F. Jr. Major sold 20,000 shares of BMC Stock Holdings stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $20.24, for a total transaction of $404,800.00. Following the completion of the sale, the insider now directly owns 176,482 shares in the company, valued at approximately $3,571,995.68. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in the business. Robotti Robert raised its position in BMC Stock Holdings by 2.4% in the second 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 during the period. Vanguard Group Inc. raised its position in BMC Stock Holdings by 2.0% in the second 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 during the period. Boston Partners raised its position in BMC Stock Holdings by 14.6% in the second 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 during the period. Westfield Capital Management Co. LP raised its position in BMC Stock Holdings by 64.3% in the second 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 during the period. Finally, Dimensional Fund Advisors LP raised its position in BMC Stock Holdings by 30.2% in the second 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 during the period.
Shares of BMC Stock Holdings (NASDAQ:BMCH) traded down 0.71% during midday trading on Wednesday, hitting $20.85. 61,964 shares of the stock were exchanged. BMC Stock Holdings has a 1-year low of $15.45 and a 1-year high of $23.90. The firm’s 50 day moving average is $20.58 and its 200-day moving average is $21.37. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 33.63 and a beta of 1.49.
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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