BlueLinx (BXC) Scheduled to Post Earnings on Tuesday

BlueLinx (NYSE:BXC – Get Rating) will post its quarterly earnings results after the market closes on Tuesday, May 3rd. Parties that are interested in registering for the company’s conference call can do so using this link.

BlueLinx (NYSE:BXC – Get Rating) last issued its quarterly earnings results on Tuesday, February 22nd. The construction company reported $7.30 EPS for the quarter. BlueLinx had a net margin of 6.92% and a return on equity of 118.32%. The company had revenue of $972.95 million during the quarter.

BlueLinx stock opened at $69.33 on Tuesday. The stock has a market capitalization of $674.65 million, a price-to-earnings ratio of 2.32 and a beta of 1.82. The company has a quick ratio of 1.87, a current ratio of 3.88 and a debt-to-equity ratio of 1.74. BlueLinx has a twelve month low of $35.00 and a twelve month high of $96.63. The stock’s fifty day moving average is $79.16.

Several equities analysts have recently issued reports on the company. StockNews.com started coverage on BlueLinx in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Craig Hallum increased their target price on BlueLinx from $104.00 to $115.00 in a report on Thursday, February 24th. Finally, Benchmark lifted their price target on BlueLinx from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, February 24th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, BlueLinx currently has a consensus rating of “Buy” and a consensus price target of $104.25.

Institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada increased its holdings in shares of BlueLinx by 5.1% in the 3rd quarter. Royal Bank of Canada now owns 5,583 shares of the construction company’s stock valued at $273,000 after acquiring an additional 269 shares during the period. Morgan Stanley grew its position in BlueLinx by 2.5% during the 1st quarter. Morgan Stanley now owns 14,727 shares of the construction company’s stock worth $577,000 after purchasing an additional 355 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in BlueLinx by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,933 shares of the construction company’s stock valued at $2,292,000 after purchasing an additional 619 shares during the period. Bank of America Corp DE raised its holdings in shares of BlueLinx by 8.9% in the second quarter. Bank of America Corp DE now owns 9,396 shares of the construction company’s stock valued at $473,000 after buying an additional 765 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of BlueLinx by 327.1% during the second quarter. Wells Fargo & Company MN now owns 1,542 shares of the construction company’s stock worth $77,000 after buying an additional 1,181 shares during the period. Institutional investors and hedge funds own 76.20% of the company’s stock.

About BlueLinx (Get Rating)

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.

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