BMC Stock Holdings Inc (BMCH) Expected to Post Quarterly Sales of $819.70 Million
Equities analysts expect BMC Stock Holdings Inc (NASDAQ:BMCH) to post $819.70 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for BMC Stock’s earnings, with the highest sales estimate coming in at $836.23 million and the lowest estimate coming in at $796.60 million. BMC Stock reported sales of $747.57 million during the same quarter last year, which indicates a positive year over year growth rate of 9.6%. The company is expected to issue its next earnings results before the market opens on Tuesday, February 27th.
According to Zacks, analysts expect that BMC Stock will report full year sales of $819.70 million for the current financial year, with estimates ranging from $3.32 billion to $3.36 billion. For the next financial year, analysts anticipate that the firm will post sales of $3.62 billion per share, with estimates ranging from $3.56 billion to $3.68 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow BMC Stock.
Several research firms have issued reports on BMCH. BidaskClub upgraded shares of BMC Stock from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 27th. B. Riley downgraded shares of BMC Stock from a “buy” rating to a “neutral” rating and upped their price objective for the company from $25.00 to $26.00 in a research note on Wednesday, January 3rd. American Capital Partners restated a “neutral” rating and issued a $26.00 price objective (up previously from $25.00) on shares of BMC Stock in a research note on Friday, January 5th. Zacks Investment Research upgraded shares of BMC Stock from a “sell” rating to a “hold” rating and set a $27.00 price objective for the company in a research note on Friday, January 5th. Finally, TheStreet upgraded shares of BMC Stock from a “c” rating to a “b-” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $24.38.
In other news, Director Jeffrey Gene Rea sold 73,779 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $23.00, for a total value of $1,696,917.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Keith Costello bought 15,000 shares of BMC Stock stock in a transaction dated Wednesday, December 13th. The stock was acquired at an average cost of $23.13 per share, with a total value of $346,950.00. The disclosure for this purchase can be found here. 3.70% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in BMCH. Penbrook Management LLC purchased a new position in BMC Stock during the fourth quarter worth about $440,000. MetLife Investment Advisors LLC purchased a new position in BMC Stock during the fourth quarter worth about $788,000. Soapstone Management L.P. purchased a new position in BMC Stock during the fourth quarter worth about $5,060,000. Castleark Management LLC raised its holdings in BMC Stock by 32.3% during the fourth quarter. Castleark Management LLC now owns 134,320 shares of the company’s stock worth $3,398,000 after purchasing an additional 32,765 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in BMC Stock by 40.9% during the fourth quarter. Millennium Management LLC now owns 30,311 shares of the company’s stock worth $767,000 after purchasing an additional 8,806 shares in the last quarter.
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About BMC Stock
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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