Shares of BlueLinx Holdings Inc. (NYSE:BXC – Get Rating) gapped down prior to trading on Wednesday following a dissappointing earnings announcement. The stock had previously closed at $82.05, but opened at $77.16. BlueLinx shares last traded at $79.64, with a volume of 791 shares.
The construction company reported $7.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.64 by ($0.16). BlueLinx had a return on equity of 107.29% and a net margin of 8.07%. During the same period in the prior year, the company earned $11.61 EPS.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the company. Seaport Res Ptn restated a “buy” rating on shares of BlueLinx in a report on Monday, July 25th. TheStreet upgraded BlueLinx from a “c” rating to a “b-” rating in a report on Wednesday, May 4th. Finally, StockNews.com downgraded BlueLinx from a “buy” rating to a “hold” rating in a report on Thursday, July 14th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $104.25.
Institutional Inflows and Outflows
BlueLinx Stock Performance
The stock has a market capitalization of $778.63 million, a P/E ratio of 2.19 and a beta of 1.84. The company has a 50 day simple moving average of $74.33 and a 200-day simple moving average of $77.30. The company has a debt-to-equity ratio of 1.13, a current ratio of 3.47 and a quick ratio of 1.80.
BlueLinx Company Profile
BlueLinx Holdings Inc, together with its subsidiaries, distributes residential and commercial building products in the United States. The company distributes specialty products comprising engineered wood, industrial products, cedar, moulding, siding, metal, and insulation products; and structural products include lumber, plywood, oriented strand boards, rebars and remesh, spruce, and other wood products primarily that are used for structural support in construction projects.
- Get a free copy of the StockNews.com research report on BlueLinx (BXC)
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