BlueLinx (BXC) to Release Earnings on Tuesday

BlueLinx (NYSE:BXC) is set to announce its earnings results after the market closes on Tuesday, April 30th. Investors interested in registering for the company’s conference call can do so using this link.

BlueLinx (NYSE:BXC) last issued its quarterly earnings results on Tuesday, February 20th. The construction company reported $2.64 earnings per share (EPS) for the quarter. BlueLinx had a return on equity of 14.81% and a net margin of 1.55%. The company had revenue of $712.53 million for the quarter.

BlueLinx Price Performance

NYSE BXC opened at $109.77 on Tuesday. BlueLinx has a twelve month low of $66.58 and a twelve month high of $132.67. The company has a debt-to-equity ratio of 0.90, a quick ratio of 3.55 and a current ratio of 5.13. The stock has a market capitalization of $949.51 million, a PE ratio of 20.83 and a beta of 1.91. The stock has a 50-day simple moving average of $121.37 and a 200 day simple moving average of $105.01.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. TheStreet cut BlueLinx from a “b” rating to a “c” rating in a research report on Thursday, February 22nd. Benchmark upped their price target on BlueLinx from $100.00 to $144.00 and gave the company a “buy” rating in a report on Thursday, February 22nd.

Insider Transactions at BlueLinx

In other news, Director Mitchell B. Lewis sold 5,352 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $116.33, for a total value of $622,598.16. Following the completion of the transaction, the director now directly owns 33,476 shares of the company’s stock, valued at approximately $3,894,263.08. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Mitchell B. Lewis sold 5,352 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $116.33, for a total transaction of $622,598.16. Following the sale, the director now directly owns 33,476 shares in the company, valued at approximately $3,894,263.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Mitchell B. Lewis sold 314 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $119.09, for a total value of $37,394.26. Following the sale, the director now owns 38,828 shares in the company, valued at $4,624,026.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,570 shares of company stock valued at $1,000,196. Corporate insiders own 4.50% of the company’s stock.

About BlueLinx

BlueLinx Holdings Inc, together with its subsidiaries, engages in the distribution of residential and commercial building products in the United States. It distributes specialty products, including engineered wood, siding, millwork, outdoor living, specialty lumber and panels, and industrial products; and structural products, such as lumber, plywood, oriented strand boards, rebars and remesh, as well as other wood products that are used for structural support in construction projects.