BlueLinx (NYSE:BXC - Get Free Report) posted its quarterly earnings results on Tuesday. The construction company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.35), Zacks reports. The firm had revenue of $709.23 million for the quarter, compared to analysts' expectations of $717.50 million. BlueLinx had a return on equity of 7.50% and a net margin of 1.80%.
BlueLinx Stock Performance
NYSE:BXC traded up $4.36 during midday trading on Friday, reaching $68.12. The stock had a trading volume of 138,535 shares, compared to its average volume of 81,118. The stock has a market capitalization of $546.46 million, a P/E ratio of 11.09 and a beta of 1.99. BlueLinx has a 1-year low of $63.55 and a 1-year high of $134.79. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.85 and a quick ratio of 3.26. The firm's fifty day simple moving average is $75.23 and its 200-day simple moving average is $98.05.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the stock. Loop Capital reduced their target price on shares of BlueLinx from $120.00 to $115.00 and set a "buy" rating for the company in a research note on Monday, April 14th. StockNews.com lowered shares of BlueLinx from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. DA Davidson lowered their target price on shares of BlueLinx from $119.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, Benchmark reduced their price target on BlueLinx from $120.00 to $110.00 and set a "buy" rating for the company in a research report on Friday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $110.00.
Read Our Latest Analysis on BXC
About BlueLinx
(
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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.
Further Reading
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