Analysts expect BMC Stock Holdings Inc (NASDAQ:BMCH) to post $1.09 billion in sales for the current quarter, Zacks reports. Four analysts have issued estimates for BMC Stock's earnings. The highest sales estimate is $1.23 billion and the lowest is $1.04 billion. BMC Stock reported sales of $964.25 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 13%. The firm is expected to issue its next earnings results on Tuesday, November 3rd.
On average, analysts expect that BMC Stock will report full year sales of $3.99 billion for the current financial year, with estimates ranging from $3.86 billion to $4.27 billion. For the next financial year, analysts forecast that the company will report sales of $4.15 billion, with estimates ranging from $3.95 billion to $4.41 billion. Zacks' sales averages are a mean average based on a survey of analysts that that provide coverage for BMC Stock.
BMC Stock (NASDAQ:BMCH) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.42. The firm had revenue of $979.90 million for the quarter, compared to the consensus estimate of $948.89 million. BMC Stock had a return on equity of 13.01% and a net margin of 3.18%. The company's quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 earnings per share.
A number of brokerages have recently issued reports on BMCH. Royal Bank of Canada upped their price target on BMC Stock from $39.00 to $49.00 and gave the company an "outperform" rating in a report on Friday, August 28th. BidaskClub raised BMC Stock from a "hold" rating to a "buy" rating in a report on Thursday, August 13th. ValuEngine raised BMC Stock from a "sell" rating to a "hold" rating in a report on Monday, August 3rd. Wedbush downgraded BMC Stock from an "outperform" rating to a "neutral" rating in a report on Friday, August 28th. Finally, Barclays increased their target price on BMC Stock from $47.00 to $51.00 and gave the company an "equal weight" rating in a report on Monday, October 12th. They noted that the move was a valuation call. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of "Buy" and an average price target of $35.64.
Several hedge funds and other institutional investors have recently bought and sold shares of BMCH. First Trust Advisors LP raised its stake in shares of BMC Stock by 14.4% in the first quarter. First Trust Advisors LP now owns 131,952 shares of the company's stock worth $2,332,000 after buying an additional 16,653 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of BMC Stock by 17.4% during the first quarter. BNP Paribas Arbitrage SA now owns 25,179 shares of the company's stock worth $446,000 after purchasing an additional 3,727 shares in the last quarter. Deutsche Bank AG grew its position in shares of BMC Stock by 20.3% during the first quarter. Deutsche Bank AG now owns 107,236 shares of the company's stock worth $1,901,000 after purchasing an additional 18,070 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of BMC Stock by 41.5% during the first quarter. Janus Henderson Group PLC now owns 20,255 shares of the company's stock worth $359,000 after purchasing an additional 5,944 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of BMC Stock by 6.7% during the first quarter. Geode Capital Management LLC now owns 1,015,293 shares of the company's stock worth $18,000,000 after purchasing an additional 63,843 shares in the last quarter.
Shares of NASDAQ:BMCH opened at $43.60 on Friday. The company has a market cap of $2.92 billion, a P/E ratio of 24.49 and a beta of 1.68. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.41 and a quick ratio of 1.66. BMC Stock has a 1 year low of $13.38 and a 1 year high of $45.23. The stock's fifty day moving average price is $41.66 and its 200-day moving average price is $28.60.
BMC Stock Company Profile
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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