BMC Stock (NASDAQ:BMCH) Issues Quarterly Earnings Results, Beats Expectations By $0.03 EPS

BMC Stock (NASDAQ:BMCH) issued its earnings results on Tuesday. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03, Morningstar.com reports. The company had revenue of $946.38 million for the quarter, compared to the consensus estimate of $934.39 million. BMC Stock had a return on equity of 15.62% and a net margin of 3.40%. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the company earned $0.64 EPS.

Shares of BMC Stock stock traded up $2.09 on Wednesday, reaching $25.00. The company had a trading volume of 779,585 shares, compared to its average volume of 414,707. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 2.97 and a beta of 1.05. The company has a current ratio of 2.37, a quick ratio of 1.51 and a debt-to-equity ratio of 0.50. The firm’s 50-day simple moving average is $21.34. BMC Stock has a 1 year low of $14.66 and a 1 year high of $23.61.

Several analysts recently issued reports on BMCH shares. SunTrust Banks lifted their target price on BMC Stock to $23.00 and gave the company a “hold” rating in a research note on Thursday, May 2nd. BidaskClub upgraded BMC Stock from a “hold” rating to a “buy” rating in a report on Wednesday. Royal Bank of Canada set a $23.00 price target on BMC Stock and gave the company a “hold” rating in a report on Thursday, May 2nd. ValuEngine upgraded BMC Stock from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Finally, Zacks Investment Research cut BMC Stock from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $22.33.

Several institutional investors have recently made changes to their positions in the company. Frontier Capital Management Co. LLC boosted its holdings in shares of BMC Stock by 0.7% in the 1st quarter. Frontier Capital Management Co. LLC now owns 3,555,113 shares of the company’s stock worth $62,819,000 after purchasing an additional 26,069 shares during the period. Boston Partners boosted its holdings in BMC Stock by 2.5% during the 1st quarter. Boston Partners now owns 2,385,328 shares of the company’s stock valued at $42,149,000 after acquiring an additional 57,471 shares during the period. Norges Bank purchased a new position in BMC Stock during the 4th quarter valued at $12,172,000. Geode Capital Management LLC boosted its holdings in BMC Stock by 11.3% during the 4th quarter. Geode Capital Management LLC now owns 781,945 shares of the company’s stock valued at $12,104,000 after acquiring an additional 79,189 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in BMC Stock by 405.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 513,065 shares of the company’s stock valued at $10,816,000 after acquiring an additional 411,462 shares during the period. Hedge funds and other institutional investors own 99.69% of the company’s stock.

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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Earnings History for BMC Stock (NASDAQ:BMCH)

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