SunTrust Banks Weighs in on BMC Stock Holdings Inc’s FY2019 Earnings (NASDAQ:BMCH)

BMC Stock Holdings Inc (NASDAQ:BMCH) – Research analysts at SunTrust Banks upped their FY2019 EPS estimates for BMC Stock in a research note issued to investors on Tuesday, November 5th. SunTrust Banks analyst K. Hughes now anticipates that the company will post earnings of $1.76 per share for the year, up from their prior forecast of $1.68. SunTrust Banks currently has a “Hold” rating and a $25.00 price target on the stock. SunTrust Banks also issued estimates for BMC Stock’s Q4 2019 earnings at $0.34 EPS, Q2 2020 earnings at $0.60 EPS, Q3 2020 earnings at $0.61 EPS, Q4 2020 earnings at $0.35 EPS and FY2020 earnings at $1.91 EPS.

A number of other analysts have also recently weighed in on BMCH. Stephens raised shares of BMC Stock from an “equal” rating to an “overweight” rating and increased their target price for the stock from $25.00 to $33.00 in a report on Wednesday, October 16th. Evercore ISI raised BMC Stock from an “in-line” rating to an “outperform” rating in a research report on Friday, August 9th. B. Riley lifted their target price on BMC Stock from $28.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday. Royal Bank of Canada raised BMC Stock from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $25.00 to $29.00 in a research report on Tuesday, October 15th. Finally, BidaskClub cut BMC Stock from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Seven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $26.50.

Shares of NASDAQ:BMCH traded up $0.10 on Friday, reaching $28.10. 244,947 shares of the company’s stock were exchanged, compared to its average volume of 440,993. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 15.11 and a beta of 0.91. BMC Stock has a fifty-two week low of $14.66 and a fifty-two week high of $28.97. The business’s 50-day moving average is $26.65 and its two-hundred day moving average is $23.44. The company has a quick ratio of 1.53, a current ratio of 2.32 and a debt-to-equity ratio of 0.48.

BMC Stock (NASDAQ:BMCH) last issued its earnings results on Tuesday, November 5th. The company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.05. The company had revenue of $964.25 million for the quarter, compared to analysts’ expectations of $947.70 million. BMC Stock had a net margin of 3.28% and a return on equity of 13.87%. The firm’s revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.58 earnings per share.

In other news, insider Lisa M. Hamblet sold 1,000 shares of BMC Stock stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $25.55, for a total value of $25,550.00. Also, Director Carl R. Vertuca, Jr. sold 10,000 shares of BMC Stock stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $25.10, for a total transaction of $251,000.00. Following the completion of the sale, the director now directly owns 19,771 shares in the company, valued at approximately $496,252.10. The disclosure for this sale can be found here. Insiders have sold a total of 97,600 shares of company stock worth $2,674,083 over the last three months. 1.20% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of BMCH. SG Americas Securities LLC boosted its holdings in shares of BMC Stock by 6.5% in the 3rd quarter. SG Americas Securities LLC now owns 12,454 shares of the company’s stock worth $326,000 after purchasing an additional 755 shares in the last quarter. Russell Investments Group Ltd. grew its position in BMC Stock by 20.9% during the third quarter. Russell Investments Group Ltd. now owns 193,831 shares of the company’s stock worth $5,071,000 after buying an additional 33,555 shares in the last quarter. California Public Employees Retirement System grew its position in BMC Stock by 16.5% during the third quarter. California Public Employees Retirement System now owns 243,785 shares of the company’s stock worth $6,382,000 after buying an additional 34,445 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of BMC Stock by 26.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 43,036 shares of the company’s stock worth $1,127,000 after purchasing an additional 9,110 shares in the last quarter. Finally, First Quadrant L P CA boosted its holdings in shares of BMC Stock by 514.4% in the 3rd quarter. First Quadrant L P CA now owns 77,159 shares of the company’s stock worth $2,020,000 after purchasing an additional 64,600 shares in the last quarter. 99.04% of the stock is currently owned by institutional investors and hedge funds.

About BMC Stock

BMC Stock Holdings, Inc distributes lumber and building materials to new construction, and repair and remodeling contractors in the United States. Its products comprise structural components, such as floor and 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 trims, custom millworks, moldings, stairs and stair parts, and cabinetry and other products.

Further Reading: Channel Trading

Earnings History and Estimates for BMC Stock (NASDAQ:BMCH)

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