Brokerages Expect BMC Stock Holdings Inc (BMCH) Will Announce Quarterly Sales of $970.40 Million

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Analysts forecast that BMC Stock Holdings Inc (NASDAQ:BMCH) will announce sales of $970.40 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for BMC Stock’s earnings, with the lowest sales estimate coming in at $945.00 million and the highest estimate coming in at $986.10 million. BMC Stock reported sales of $886.38 million during the same quarter last year, which indicates a positive year-over-year growth rate of 9.5%. The business is expected to announce its next quarterly earnings report before the market opens on Monday, July 30th.

According to Zacks, analysts expect that BMC Stock will report full year sales of $3.67 billion for the current fiscal year, with estimates ranging from $3.65 billion to $3.68 billion. For the next year, analysts anticipate that the firm will post sales of $3.90 billion per share, with estimates ranging from $3.88 billion to $3.91 billion. Zacks’ sales calculations are an average based on a survey of research analysts that follow BMC Stock.

BMC Stock (NASDAQ:BMCH) last posted its quarterly earnings data on Tuesday, May 8th. The company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.17. BMC Stock had a return on equity of 10.99% and a net margin of 2.01%. The company had revenue of $834.20 million for the quarter, compared to the consensus estimate of $842.86 million. During the same quarter in the previous year, the business earned $0.11 EPS. The company’s quarterly revenue was up 10.1% compared to the same quarter last year.

A number of analysts have recently commented on the company. Zacks Investment Research downgraded BMC Stock from a “buy” rating to a “hold” rating in a research note on Tuesday, May 8th. Wedbush assumed coverage on BMC Stock in a research note on Wednesday. They issued an “outperform” rating and a $27.00 price objective on the stock. TheStreet raised BMC Stock from a “c+” rating to a “b-” rating in a research note on Thursday, June 14th. BidaskClub raised BMC Stock from a “strong sell” rating to a “sell” rating in a research note on Thursday, May 31st. Finally, Robert W. Baird downgraded BMC Stock from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 3rd. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. BMC Stock has an average rating of “Hold” and an average target price of $23.64.

In other news, Director Carl R. Vertuca, Jr. sold 2,000 shares of the business’s stock in a transaction on Monday, May 14th. The stock was sold at an average price of $19.88, for a total transaction of $39,760.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Carl R. Vertuca, Jr. sold 10,000 shares of the business’s stock in a transaction on Thursday, July 19th. The stock was sold at an average price of $22.00, for a total value of $220,000.00. The disclosure for this sale can be found here. Insiders have sold 22,676 shares of company stock worth $484,159 over the last ninety days. 1.20% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in the company. Broadview Advisors LLC raised its position in shares of BMC Stock by 0.4% during the first quarter. Broadview Advisors LLC now owns 599,486 shares of the company’s stock worth $11,720,000 after purchasing an additional 2,675 shares during the period. Koch Industries Inc. grew its holdings in shares of BMC Stock by 25.7% during the first quarter. Koch Industries Inc. now owns 21,149 shares of the company’s stock valued at $413,000 after buying an additional 4,322 shares in the last quarter. PCJ Investment Counsel Ltd. grew its holdings in shares of BMC Stock by 5.3% during the first quarter. PCJ Investment Counsel Ltd. now owns 100,000 shares of the company’s stock valued at $1,955,000 after buying an additional 5,000 shares in the last quarter. Highlander Capital Management LLC grew its holdings in shares of BMC Stock by 20.2% during the first quarter. Highlander Capital Management LLC now owns 38,225 shares of the company’s stock valued at $719,000 after buying an additional 6,425 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of BMC Stock during the first quarter valued at $145,000.

BMCH opened at $21.95 on Friday. BMC Stock has a one year low of $17.10 and a one year high of $25.70. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.27 and a current ratio of 2.21. The firm has a market capitalization of $1.48 billion, a PE ratio of 21.52 and a beta of 1.40.

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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