Brokerages expect BMC Stock Holdings Inc (NASDAQ:BMCH) to announce $933.35 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for BMC Stock’s earnings. The lowest sales estimate is $922.70 million and the highest is $943.00 million. BMC Stock reported sales of $946.38 million in the same quarter last year, which indicates a negative year-over-year growth rate of 1.4%. The firm is scheduled to announce its next earnings results on Tuesday, August 4th.

According to Zacks, analysts expect that BMC Stock will report full-year sales of $3.61 billion for the current financial year, with estimates ranging from $3.52 billion to $3.70 billion. For the next fiscal year, analysts forecast that the business will post sales of $3.76 billion, with estimates ranging from $3.59 billion to $3.96 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for BMC Stock.

BMC Stock (NASDAQ:BMCH) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.11. BMC Stock had a net margin of 3.00% and a return on equity of 12.43%. The business had revenue of $920.90 million for the quarter, compared to analyst estimates of $892.13 million. During the same quarter last year, the business earned $0.37 earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis.

A number of research analysts recently commented on BMCH shares. DA Davidson lowered their price objective on shares of BMC Stock from $34.00 to $24.00 in a research note on Monday, April 13th. TheStreet upgraded shares of BMC Stock from a “c+” rating to a “b-” rating in a report on Thursday, June 4th. Barclays reaffirmed a “hold” rating and issued a $21.00 price objective on shares of BMC Stock in a research note on Monday, April 20th. ValuEngine lowered shares of BMC Stock from a “hold” rating to a “sell” rating in a research note on Thursday, June 11th. Finally, B. Riley raised their price objective on shares of BMC Stock from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $25.08.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisor Group Holdings Inc. bought a new position in BMC Stock in the 1st quarter worth $26,000. Point72 Hong Kong Ltd acquired a new stake in shares of BMC Stock during the 4th quarter valued at about $28,000. Americana Partners LLC acquired a new stake in shares of BMC Stock during the 4th quarter valued at about $29,000. Advisor Group Inc. boosted its position in shares of BMC Stock by 67.1% during the 4th quarter. Advisor Group Inc. now owns 1,315 shares of the company’s stock valued at $38,000 after acquiring an additional 528 shares in the last quarter. Finally, Cognios Capital LLC acquired a new stake in shares of BMC Stock during the 1st quarter valued at about $39,000.

Shares of NASDAQ BMCH traded up $0.69 during mid-day trading on Thursday, reaching $24.82. 379,800 shares of the company traded hands, compared to its average volume of 517,119. BMC Stock has a fifty-two week low of $13.38 and a fifty-two week high of $31.67. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.72 and a quick ratio of 1.84. The firm has a market cap of $1.62 billion, a PE ratio of 14.95 and a beta of 1.43. The stock has a fifty day simple moving average of $24.59 and a 200-day simple moving average of $24.75.

About BMC Stock

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.

Featured Story: S&P/TSX Index

Get a free copy of the Zacks research report on BMC Stock (BMCH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for BMC Stock (NASDAQ:BMCH)

Receive News & Ratings for BMC Stock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BMC Stock and related companies with MarketBeat.com's FREE daily email newsletter.