BMC Stock Holdings, Inc. (BMCH) Posts Earnings Results
BMC Stock Holdings, Inc. (NASDAQ:BMCH) announced its quarterly earnings results on Monday. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01), Bloomberg Earnings reports. BMC Stock Holdings had a net margin of 1.28% and a return on equity of 9.20%. The company had revenue of $881.01 million for the quarter, compared to analyst estimates of $888.09 million. During the same quarter in the prior year, the business earned $0.32 earnings per share. BMC Stock Holdings’s revenue was up 7.3% on a year-over-year basis.
BMC Stock Holdings (NASDAQ BMCH) opened at $21.00 on Monday. The company has a quick ratio of 1.33, a current ratio of 2.24 and a debt-to-equity ratio of 0.61. BMC Stock Holdings has a 12 month low of $15.65 and a 12 month high of $23.90. The company has a market cap of $1,406.13, a P/E ratio of 22.34 and a beta of 1.49.
A number of equities research analysts have weighed in on BMCH shares. Zacks Investment Research cut shares of BMC Stock Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 10th. Royal Bank Of Canada reissued a “buy” rating and issued a $24.00 price objective on shares of BMC Stock Holdings in a research note on Tuesday, July 18th. Barclays PLC lowered their price objective on shares of BMC Stock Holdings from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, August 4th. FBR & Co lowered their price objective on shares of BMC Stock Holdings from $26.00 to $22.00 and set a “buy” rating for the company in a research note on Tuesday, August 22nd. Finally, Robert W. Baird reissued a “buy” rating and issued a $23.00 price objective on shares of BMC Stock Holdings in a research note on Sunday, September 10th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $23.40.
In other news, insider James F. Jr. Major sold 20,000 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $20.24, for a total transaction of $404,800.00. Following the transaction, the insider now directly owns 176,482 shares of the company’s stock, valued at approximately $3,571,995.68. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Peter Alexander sold 28,000 shares of the business’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $21.08, for a total transaction of $590,240.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 60,812 shares of company stock worth $1,261,786. Corporate insiders own 3.70% 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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