Somewhat Favorable News Coverage Somewhat Unlikely to Impact BMC Stock (BMCH) Share Price
Media stories about BMC Stock (NASDAQ:BMCH) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. BMC Stock earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.8862287390632 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- BMC Stock Holdings Inc (BMCH) Given Average Rating of “Buy” by Brokerages (americanbankingnews.com)
- Brokerages Anticipate BMC Stock Holdings Inc (BMCH) Will Announce Quarterly Sales of $819.70 Million (americanbankingnews.com)
- BMC Stock Shows Improved Relative Strength; Still Shy Of Benchmark (finance.yahoo.com)
- Peter Alexander out as CEO of Atlanta building products giant BMC (bizjournals.com)
- Atlanta building products giant BMC fires CEO Peter Alexander (finance.yahoo.com)
Several research firms have commented on BMCH. American Capital Partners reaffirmed a “neutral” rating and issued a $26.00 price target (up from $25.00) on shares of BMC Stock in a report on Friday, January 5th. Zacks Investment Research raised shares of BMC Stock from a “sell” rating to a “hold” rating and set a $27.00 price target on the stock in a report on Friday, January 5th. BidaskClub lowered shares of BMC Stock from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 4th. B. Riley lowered shares of BMC Stock from a “buy” rating to a “neutral” rating and upped their price target for the company from $25.00 to $26.00 in a report on Wednesday, January 3rd. Finally, TheStreet raised shares of BMC Stock from a “c” rating to a “b-” rating in a report on Friday, December 1st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $24.75.
BMC Stock (NASDAQ:BMCH) last posted its 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). BMC Stock had a return on equity of 9.42% and a net margin of 1.53%. The firm had revenue of $881.01 million for the quarter, compared to analysts’ expectations of $888.09 million. During the same period in the previous year, the company earned $0.32 earnings per share. The company’s revenue was up 7.3% compared to the same quarter last year. research analysts predict that BMC Stock will post 0.99 earnings per share for the current year.
In other news, insider Keith Costello bought 15,000 shares of the stock in a transaction dated Wednesday, December 13th. The shares were acquired at an average cost of $23.13 per share, with a total value of $346,950.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jeffrey Gene Rea sold 75,000 shares of the stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $25.00, for a total transaction of $1,875,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 227,000 shares of company stock worth $5,294,400. Corporate insiders own 3.70% of the company’s stock.
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BMC Stock Company Profile
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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