Brokerages Expect BMC Stock Holdings Inc (BMCH) Will Post Earnings of $0.50 Per Share

Wall Street analysts forecast that BMC Stock Holdings Inc (NASDAQ:BMCH) will announce $0.50 earnings per share for the current quarter, Zacks reports. Five analysts have issued estimates for BMC Stock’s earnings. The highest EPS estimate is $0.56 and the lowest is $0.42. BMC Stock reported earnings of $0.34 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 47.1%. The firm is expected to announce its next quarterly earnings report on Monday, November 5th.

On average, analysts expect that BMC Stock will report full year earnings of $1.76 per share for the current fiscal year, with EPS estimates ranging from $1.64 to $1.88. For the next fiscal year, analysts anticipate that the company will report earnings of $1.93 per share, with EPS estimates ranging from $1.81 to $2.15. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow BMC Stock.

BMC Stock (NASDAQ:BMCH) last posted its quarterly earnings results on Monday, July 30th. The company reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.19. BMC Stock had a net margin of 2.58% and a return on equity of 13.32%. The firm had revenue of $998.50 million for the quarter, compared to analysts’ expectations of $986.73 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. The business’s revenue for the quarter was up 15.2% on a year-over-year basis.

BMCH has been the topic of a number of recent analyst reports. ValuEngine cut shares of BMC Stock from a “hold” rating to a “sell” rating in a report on Saturday, July 28th. TheStreet cut shares of BMC Stock from a “b” rating to a “c+” rating in a report on Thursday, September 27th. Seaport Global Securities set a $26.00 target price on shares of BMC Stock and gave the stock a “buy” rating in a report on Monday, July 30th. BidaskClub cut shares of BMC Stock from a “hold” rating to a “sell” rating in a report on Thursday, September 20th. Finally, Wedbush assumed coverage on shares of BMC Stock in a report on Wednesday, July 18th. They issued an “outperform” rating and a $27.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. BMC Stock presently has an average rating of “Hold” and a consensus price target of $24.33.

In related news, Director Carl R. Vertuca, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 19th. The shares were sold at an average price of $22.00, for a total value of $220,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.20% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its position in BMC Stock by 6.6% in the second quarter. BlackRock Inc. now owns 4,428,916 shares of the company’s stock worth $92,342,000 after acquiring an additional 275,050 shares during the period. Dimensional Fund Advisors LP raised its position in BMC Stock by 15.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,591,979 shares of the company’s stock worth $54,043,000 after acquiring an additional 348,245 shares during the period. Victory Capital Management Inc. raised its position in BMC Stock by 8.4% in the second quarter. Victory Capital Management Inc. now owns 1,673,248 shares of the company’s stock worth $34,887,000 after acquiring an additional 129,411 shares during the period. Northern Trust Corp raised its position in BMC Stock by 6.3% in the second quarter. Northern Trust Corp now owns 1,420,661 shares of the company’s stock worth $29,620,000 after acquiring an additional 84,048 shares during the period. Finally, Soapstone Management L.P. raised its position in BMC Stock by 47.1% in the second quarter. Soapstone Management L.P. now owns 625,000 shares of the company’s stock worth $13,031,000 after acquiring an additional 200,000 shares during the period.

NASDAQ:BMCH opened at $17.27 on Friday. BMC Stock has a 52 week low of $17.10 and a 52 week high of $25.70. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.26 and a current ratio of 2.17. The company has a market cap of $1.26 billion, a PE ratio of 16.93, a PEG ratio of 2.28 and a beta of 1.48.

BMC Stock Company Profile

BMC Stock Holdings, Inc operates as lumber and building materials distributor and solutions provider in the United States. Its primary products include structural components, such as floor trusses, roof trusses, wall panels, and engineered wood products; lumber and lumber sheet goods, including dimensional lumber, plywood, and oriented strand board products used in on-site house framing under the Ready-Frame brand; and millwork, doors, and windows comprising interior and exterior doors, windows, interior trim, custom millwork, moldings, stairs and stair parts, and cabinetry and other products.

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