BlueLinx (NYSE:BXC) Releases Earnings Results, Misses Expectations By $0.35 EPS

BlueLinx (NYSE:BXC - Get Free Report) issued its quarterly earnings results on Tuesday. The construction company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.35), Zacks reports. BlueLinx had a net margin of 1.80% and a return on equity of 7.50%.

BlueLinx Trading Down 0.5 %

Shares of BXC traded down $0.39 during mid-day trading on Tuesday, hitting $72.05. 134,564 shares of the company's stock traded hands, compared to its average volume of 80,588. BlueLinx has a 1 year low of $67.42 and a 1 year high of $134.79. The company has a quick ratio of 3.26, a current ratio of 4.85 and a debt-to-equity ratio of 0.89. The business's 50-day moving average price is $76.61 and its 200-day moving average price is $99.17. The firm has a market capitalization of $589.43 million, a P/E ratio of 11.73 and a beta of 1.82.

Wall Street Analysts Forecast Growth

BXC has been the subject of several analyst reports. Loop Capital reduced their target price on BlueLinx from $120.00 to $115.00 and set a "buy" rating for the company in a report on Monday, April 14th. StockNews.com cut BlueLinx from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. DA Davidson dropped their price target on BlueLinx from $137.00 to $119.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Finally, Benchmark cut their target price on shares of BlueLinx from $135.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $122.25.

About BlueLinx

BlueLinx Holdings Inc, together with its subsidiaries, engages in the distribution of residential and commercial building products in the United States. It distributes specialty products, including engineered wood, siding, millwork, outdoor living, specialty lumber and panels, and industrial products; and structural products, such as lumber, plywood, oriented strand boards, rebars and remesh, as well as other wood products that are used for structural support in construction projects.

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