DA Davidson Research Analysts Boost Earnings Estimates for BMC Stock Holdings Inc (NASDAQ:BMCH)

BMC Stock Holdings Inc (NASDAQ:BMCH) – Investment analysts at DA Davidson lifted their FY2019 EPS estimates for BMC Stock in a research report issued to clients and investors on Wednesday, November 6th. DA Davidson analyst K. Yinger now anticipates that the company will post earnings per share of $1.75 for the year, up from their prior forecast of $1.71. DA Davidson also issued estimates for BMC Stock’s Q4 2019 earnings at $0.33 EPS and FY2020 earnings at $1.93 EPS.

Several other equities research analysts have also recently issued reports on the company. Wedbush raised their price objective on BMC Stock from $25.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. They noted that the move was a valuation call. B. Riley lifted their target price on BMC Stock from $28.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday. Zacks Investment Research upgraded BMC Stock from a “hold” rating to a “strong-buy” rating and set a $29.00 target price on the stock in a report on Friday, August 9th. Royal Bank of Canada upgraded BMC Stock from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $25.00 to $29.00 in a report on Tuesday, October 15th. Finally, SunTrust Banks set a $25.00 target price on BMC Stock and gave the company a “hold” rating in a report on Wednesday, August 7th. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $26.50.

BMCH stock opened at $28.10 on Friday. BMC Stock has a 52-week low of $14.66 and a 52-week high of $28.97. The stock’s fifty day simple moving average is $26.70 and its 200-day simple moving average is $23.47. The company has a quick ratio of 1.53, a current ratio of 2.32 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 15.11 and a beta of 0.91.

BMC Stock (NASDAQ:BMCH) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. BMC Stock had a return on equity of 13.87% and a net margin of 3.28%. The business had revenue of $964.25 million for the quarter, compared to analysts’ expectations of $947.70 million. During the same quarter last year, the firm earned $0.58 earnings per share. The business’s revenue was down 2.6% on a year-over-year basis.

In other BMC Stock news, Director Carl R. Vertuca, Jr. sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $25.10, for a total transaction of $251,000.00. Following the transaction, the director now owns 19,771 shares in the company, valued at $496,252.10. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider James F. Jr. Major sold 25,037 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $25.94, for a total value of $649,459.78. Insiders sold 97,600 shares of company stock worth $2,674,083 in the last quarter. 1.20% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC lifted its stake in shares of BMC Stock by 6.5% during the third quarter. SG Americas Securities LLC now owns 12,454 shares of the company’s stock worth $326,000 after purchasing an additional 755 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of BMC Stock by 20.9% during the third quarter. Russell Investments Group Ltd. now owns 193,831 shares of the company’s stock worth $5,071,000 after purchasing an additional 33,555 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of BMC Stock by 16.5% during the third quarter. California Public Employees Retirement System now owns 243,785 shares of the company’s stock worth $6,382,000 after purchasing an additional 34,445 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of BMC Stock by 26.9% during the third quarter. Janney Montgomery Scott LLC now owns 43,036 shares of the company’s stock worth $1,127,000 after purchasing an additional 9,110 shares in the last quarter. Finally, First Quadrant L P CA lifted its stake in shares of BMC Stock by 514.4% during the third quarter. First Quadrant L P CA now owns 77,159 shares of the company’s stock worth $2,020,000 after purchasing an additional 64,600 shares in the last quarter. Institutional investors own 99.04% 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 and Estimates for BMC Stock (NASDAQ:BMCH)

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