BlueLinx (BXC) Set to Announce Quarterly Earnings on Tuesday

BlueLinx (NYSE:BXC) is scheduled to announce its earnings results after the market closes on Tuesday, October 29th. Investors interested in listening to the company’s conference call can do so using this link.

BlueLinx (NYSE:BXC) last announced its quarterly earnings data on Tuesday, July 30th. The construction company reported $1.53 earnings per share (EPS) for the quarter. The business had revenue of $768.36 million during the quarter. BlueLinx had a net margin of 1.26% and a return on equity of 12.14%.

BlueLinx Stock Up 0.1 %

Shares of NYSE BXC opened at $104.18 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.88 and a quick ratio of 3.37. The company has a market cap of $902.41 million, a P/E ratio of 19.55 and a beta of 1.94. BlueLinx has a 1 year low of $68.19 and a 1 year high of $132.67. The firm has a 50-day simple moving average of $102.87 and a two-hundred day simple moving average of $103.28.

Analysts Set New Price Targets

Several analysts have issued reports on BXC shares. DA Davidson raised their price objective on shares of BlueLinx from $121.00 to $137.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Craig Hallum lifted their price target on shares of BlueLinx from $125.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, StockNews.com raised shares of BlueLinx from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $135.67.

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.