BMC Stock Holdings Inc Expected to Post Q4 2019 Earnings of $0.33 Per Share (NASDAQ:BMCH)

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BMC Stock Holdings Inc (NASDAQ:BMCH) – Research analysts at B. Riley boosted their Q4 2019 EPS estimates for BMC Stock in a note issued to investors on Wednesday, November 6th. B. Riley analyst A. Rygiel now forecasts that the company will post earnings per share of $0.33 for the quarter, up from their previous forecast of $0.31. B. Riley currently has a “Buy” rating and a $33.00 price target on the stock. B. Riley also issued estimates for BMC Stock’s FY2020 earnings at $1.91 EPS.

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

BMCH has been the subject of several other research reports. SunTrust Banks set a $25.00 price target on BMC Stock and gave the company a “hold” rating in a research note on Wednesday, August 7th. Evercore ISI raised BMC Stock from an “in-line” rating to an “outperform” rating in a research note on Friday, August 9th. Buckingham Research boosted their price target on BMC Stock from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Royal Bank of Canada raised BMC Stock from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $25.00 to $29.00 in a research note on Tuesday, October 15th. Finally, Zacks Investment Research raised BMC Stock from a “hold” rating to a “strong-buy” rating and set a $29.00 price target for the company in a research note on Friday, August 9th. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $26.50.

Shares of BMCH opened at $28.10 on Friday. The company has a market cap of $1.84 billion, a P/E 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 company has a quick ratio of 1.53, a current ratio of 2.32 and a debt-to-equity ratio of 0.48. The firm’s 50 day moving average price is $26.70 and its 200 day moving average price is $23.47.

In other BMC Stock news, Director Carl R. Vertuca, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was 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 owns 19,771 shares of the company’s stock, valued at $496,252.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James F. Jr. Major sold 13,300 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $28.03, for a total value of $372,799.00. Insiders have sold 97,600 shares of company stock valued at $2,674,083 in the last ninety days. Company insiders own 1.20% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in BMC Stock by 23.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,128 shares of the company’s stock worth $108,000 after purchasing an additional 785 shares during the period. Quantamental Technologies LLC boosted its position in BMC Stock by 9.2% during the second quarter. Quantamental Technologies LLC now owns 6,532 shares of the company’s stock worth $138,000 after purchasing an additional 549 shares during the period. Convergence Investment Partners LLC bought a new stake in BMC Stock during the second quarter worth approximately $224,000. Fox Run Management L.L.C. bought a new stake in BMC Stock during the second quarter worth approximately $244,000. Finally, Hexavest Inc. bought a new stake in BMC Stock during the third quarter worth approximately $311,000. 99.04% of the stock is owned by hedge funds and other institutional investors.

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.

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

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