BMC Stock Holdings, Inc. (NASDAQ:BMCH) posted its quarterly earnings results on Monday, November 6th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01), Bloomberg Earnings reports. BMC Stock Holdings had a net margin of 1.53% and a return on equity of 9.42%. The business had revenue of $881.01 million during the quarter, compared to the consensus estimate of $888.09 million. During the same period last year, the firm earned $0.32 EPS. The business’s revenue for the quarter was up 7.3% on a year-over-year basis.
BMC Stock Holdings (NASDAQ:BMCH) traded up $0.15 during mid-day trading on Wednesday, hitting $22.65. 369,600 shares of the company were exchanged, compared to its average volume of 554,437. The stock has a market capitalization of $1,508.34, a price-to-earnings ratio of 22.96 and a beta of 1.49. BMC Stock Holdings has a 1 year low of $17.45 and a 1 year high of $23.90. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.38 and a current ratio of 2.29.
BMCH has been the subject of a number of research reports. Robert W. Baird reissued a “buy” rating and issued a $23.00 price target on shares of BMC Stock Holdings in a research note on Sunday, September 10th. FBR & Co cut their price objective on shares of BMC Stock Holdings from $26.00 to $22.00 and set a “buy” rating for the company in a research note on Tuesday, August 22nd. Royal Bank Of Canada reiterated a “buy” rating and set a $26.00 price target on shares of BMC Stock Holdings in a report on Wednesday. Barclays PLC lowered their price target on shares of BMC Stock Holdings from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, August 4th. Finally, Zacks Investment Research lowered shares of BMC Stock Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $24.00.
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In related news, insider Peter Alexander sold 28,000 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $21.08, for a total value of $590,240.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider James F. Jr. Major sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $20.24, for a total value of $404,800.00. Following the completion of the sale, the insider now owns 176,482 shares in the company, valued at approximately $3,571,995.68. The disclosure for this sale can be found here. Insiders have sold 125,000 shares of company stock valued at $2,689,440 over the last three months. Insiders own 3.70% of the company’s stock.
About BMC Stock Holdings
BMC Stock Holdings, Inc is a provider of building products and services in the United States residential construction market. The Company’s segments include Mid-Atlantic, Southeast, Texas, Intermountain, Western and Mountain West divisions. Its product offerings include lumber and lumber sheet goods and an array of products, including millwork, doors, windows, structural components, floor and roof trusses and wall panels.
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