BMC Stock (NASDAQ:BMCH) announced its quarterly earnings results on Thursday. The company reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.09, MarketWatch Earnings reports. BMC Stock had a return on equity of 13.32% and a net margin of 2.58%. The firm had revenue of $990.00 million during the quarter, compared to analyst estimates of $957.79 million. During the same quarter in the previous year, the business earned $0.34 EPS. BMC Stock’s revenue for the quarter was up 12.4% compared to the same quarter last year.
BMCH stock traded up $0.76 during trading on Thursday, hitting $17.50. The stock had a trading volume of 26,313 shares, compared to its average volume of 478,731. The company has a current ratio of 2.17, a quick ratio of 1.26 and a debt-to-equity ratio of 0.44. BMC Stock has a twelve month low of $15.91 and a twelve month high of $25.70. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 2.12 and a beta of 1.47.
BMCH has been the subject of several recent analyst reports. Stephens set a $26.00 price target on BMC Stock and gave the company a “buy” rating in a research note on Thursday, August 2nd. Zacks Investment Research upgraded BMC Stock from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Monday, July 9th. Seaport Global Securities set a $26.00 price target on BMC Stock and gave the company a “buy” rating in a research note on Monday, July 30th. DA Davidson began coverage on BMC Stock in a research note on Thursday, September 13th. They issued a “buy” rating and a $27.00 price target for the company. Finally, Wedbush set a $25.00 price objective on BMC Stock and gave the stock a “buy” rating in a report on Tuesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $23.75.
Institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in shares of BMC Stock by 15.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,591,979 shares of the company’s stock worth $54,043,000 after purchasing an additional 348,245 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of BMC Stock by 3.4% during the 2nd quarter. Sei Investments Co. now owns 77,865 shares of the company’s stock worth $1,624,000 after purchasing an additional 2,590 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of BMC Stock by 6.3% during the 2nd quarter. Northern Trust Corp now owns 1,420,661 shares of the company’s stock worth $29,620,000 after purchasing an additional 84,048 shares during the last quarter. First Mercantile Trust Co. boosted its holdings in shares of BMC Stock by 27.1% during the 2nd quarter. First Mercantile Trust Co. now owns 21,451 shares of the company’s stock worth $448,000 after purchasing an additional 4,570 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of BMC Stock by 6.6% during the 2nd quarter. BlackRock Inc. now owns 4,428,916 shares of the company’s stock worth $92,342,000 after purchasing an additional 275,050 shares during the last quarter.
About BMC Stock
BMC Stock Holdings, Inc operates as lumber and building materials distributor and solutions provider in the United States. Its primary products include structural components, such as floor trusses, 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 trim, custom millwork, moldings, stairs and stair parts, and cabinetry and other products.
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