Ultime notizie per BlueLinx Hldgs (NYSE:BXC) Azioni

BlueLinx Hldgs

BlueLinx Holdings Inc is engaged in the wholesale distribution of residential and commercial building products. Its business products are split into two categories: Structural products include items such as lumber, plywood, oriented strand board, rebar, and remesh and Specialty products include items such as engineered wood, siding, millwork, outdoor living, specialty lumber and panels, and industrial products. The company's operations are carried out throughout the United States.

BlueLinx Holdings Inc

Looking into the current session, BlueLinx Hldgs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXC#NYSE">BXC</a>) shares are trading at $109.87, after a 2.60% drop. Over the past month, the stock fell by 0.53%, but over the past year, it actually increased by 53.97%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio. 

<img src="https://www.benzinga.com/files/images/story/2024/1729197907_0.png" alt="Past Year Chart" />

<h3>A Look at BlueLinx Hldgs P/E Relative to Its Competitors</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
BlueLinx Hldgs has a better P/E ratio of 25.75 than the aggregate P/E ratio of 17.76 of the Trading Companies &amp; Distributors industry. Ideally, one might believe that BlueLinx Hldgs Inc. might perform better in the future than it's industry group, but it's probable that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1729197907_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

News

Intraday Update

Markets

P/E Ratio Insights for BlueLinx Hldgs

Craig-Hallum analyst Greg Palm maintains BlueLinx Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXC#NYSE">BXC</a>) with a Buy and raises the price target from $125 to $135.

Price Target

Analyst Ratings

Craig-Hallum Maintains Buy on BlueLinx Hldgs, Raises Price Target to $135

DA Davidson analyst Michael Shlisky maintains BlueLinx Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXC#NYSE">BXC</a>) with a Buy and raises the price target from $121 to $137.

DA Davidson Maintains Buy on BlueLinx Hldgs, Raises Price Target to $137

Through the first four weeks of the&nbsp;third quarter&nbsp;of 2024, specialty product gross margin was in the range of&nbsp;18%&nbsp;to&nbsp;19%&nbsp;and structural product gross margin was in the range of&nbsp;8%&nbsp;to&nbsp;9%. Average daily sales volumes were improved versus the&nbsp;second quarter&nbsp;of 2024.

Guidance

Bluelinx Holdings Says Well-positioned For Long-term Success Although Current Market Conditions Are Challenging

BlueLinx Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXC#NYSE">BXC</a>) reported quarterly earnings of $1.68 per share which missed the analyst consensus estimate of $1.75 by 4 percent. The company reported quarterly sales of $768.363 million which missed the analyst consensus estimate of $774.993 million by 0.86 percent. This is a 5.83 percent decrease over sales of $815.967 million the same period last year.

Earnings

Earnings Misses

BlueLinx Hldgs Q2 2024 Adj. EPS $1.68 Misses $1.75 Estimate, Sales $768.363M Miss $774.993M Estimate

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Shares of companies within the broader industrial sector are trading higher following Core Retail Sales and Retail Sales economic data. Also, strength may be due to trader optimism that the Fed will cut rates.

Benchmark analyst Reuben Garner reiterates BlueLinx Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXC#NYSE">BXC</a>) with a Buy and maintains $135 price target.

Reiteration

Benchmark Reiterates Buy on BlueLinx Hldgs, Maintains $135 Price Target

Craig-Hallum analyst Greg Palm maintains BlueLinx Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXC#NYSE">BXC</a>) with a Buy and lowers the price target from $130 to $125.

Craig-Hallum Maintains Buy on BlueLinx Hldgs, Lowers Price Target to $125

Benchmark analyst Reuben Garner maintains BlueLinx Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXC#NYSE">BXC</a>) with a Buy and lowers the price target from $144 to $135.

Benchmark Maintains Buy on BlueLinx Hldgs, Lowers Price Target to $135

BlueLinx Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXC#NYSE">BXC</a>) reported quarterly earnings of $2.14 per share which beat the analyst consensus estimate of $1.35 by 58.52 percent. The company reported quarterly sales of $726.000 million which beat the analyst consensus estimate of $701.669 million by 3.47 percent. This is a 9.01 percent decrease over sales of $797.904 million the same period last year.

Earnings Beats

BlueLinx Hldgs Q1 2024 Adj EPS $2.14 Beats $1.35 Estimate, Sales $726.000M Beat $701.669M Estimate

Benchmark analyst Reuben Garner maintains BlueLinx Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXC#NYSE">BXC</a>) with a Buy and raises the price target from $100 to $144.

Benchmark Maintains Buy on BlueLinx Hldgs, Raises Price Target to $144

BlueLinx Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXC#NYSE">BXC</a>) reported its Q4 earnings results on Tuesday, February 20, 2024 at 04:10 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
BlueLinx Hldgs beat estimated earnings by 76.05%, reporting an EPS of $2.94 versus an estimate of $1.67.
Revenue was down $135.24 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.13 which was followed by a 8.49% increase in the share price the next day.
Here's a look at BlueLinx Hldgs's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.85</td>
<td>3.30</td>
<td>2.46</td>
<td>3.71</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.98</td>
<td>2.91</td>
<td>2.53</td>
<td>3.97</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>839.99M</td>
<td>893.80M</td>
<td>854.56M</td>
<td>939.57M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>809.98M</td>
<td>815.97M</td>
<td>797.90M</td>
<td>847.77M</td>
</tr>
</tbody>
</table>

To track all earnings releases for BlueLinx Hldgs <a href="https://www.benzinga.com/quote/BXC/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: BlueLinx Hldgs Q4 Earnings

BlueLinx Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXC#NYSE">BXC</a>) reported quarterly earnings of $2.94 per share which beat the analyst consensus estimate of $1.67 by 76.05 percent. The company reported quarterly sales of $712.53 million which missed the analyst consensus estimate of $764.51 million by 6.80 percent. This is a 15.95 percent decrease over sales of $847.77 million the same period last year.

BlueLinx Hldgs Q4 2023 Adj EPS $2.94 Beats $1.67 Estimate, Sales $712.53M Miss $764.51M Estimate

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Earnings Scheduled For February 20, 2024

BlueLinx Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXC#NYSE">BXC</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-02-20. Here's what investors need to know before the announcement.
Analysts estimate that BlueLinx Hldgs will report an earnings per share (EPS) of $1.67. 
BlueLinx Hldgs bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.13, which was followed by a 8.49% increase in the share price the next day.
Here's a look at BlueLinx Hldgs's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.85</td>
<td>3.30</td>
<td>2.46</td>
<td>3.71</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.98</td>
<td>2.91</td>
<td>2.53</td>
<td>3.97</td>
</tr>
<tr>
<td>Price Change %</td>
<td>8.49%</td>
<td>-10.49%</td>
<td>11.72%</td>
<td>0.16%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708369279_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of BlueLinx Hldgs were trading at $122.45 as of February 15. Over the last 52-week period, shares are up 42.84%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/BXC/earnings">To track all earnings releases for BlueLinx Hldgs visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BlueLinx Hldgs's Earnings Outlook

BlueLinx Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXC#NYSE">BXC</a>), a leading U.S. wholesale distributor of building products, and Huber Engineered Woods LLC, a subsidiary of J.M. Huber Corporation, a leading privately-held specialty building products manufacturer, are pleased to announce an expansion of their distribution partnership. The expansion will include Huber's assortment of AdvanTech&#xAE; subflooring and ZIP System&#x2122; building enclosure product lines in BlueLinx's Denville, NJ, and Pensacola, FL service areas. &nbsp;
Mike Wilson, Chief Product Management Officer at BlueLinx, states "By expanding our partnership with Huber, we are strengthening our ability to provide our customers with the best-in-class products they deserve. Huber is renowned for its exceptional range of brands, known for their reliability, innovation, and customer satisfaction. This expansion will further our commitment to meeting the diverse demands of the marketplace while underscoring our commitment to growing our specialty product segments. We are confident that this collaboration will bring significant value to our customers and contribute to the growth and success of our respective businesses."
With the new expansion, Huber products will now be distributed in forty-three BlueLinx outlets. This strategic expansion will not only bring significant value to customers by ensuring faster and more efficient deliveries across geographies but also strengthen the Huber brand position in those markets.

Contracts

BlueLinx Announces Expansion Of Distribution Partnership With Huber Engineered Woods

BlueLinx Expands LP Distribution Partnership; Both Product Lines Sold Throughout Entire Distribution Footprint For These Two Locations Including Hawaii And Alaska

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Shares of several companies in the broader industrial sector are trading higher amid overall market strength following softer-than-expected October inflation data, which could put less pressure on the Fed to raise rates further.

<h3>Understanding Value Stocks</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>Benzinga Insights has compiled a list of value stocks in the industrials sector that may be worth watching:</h2>
<ol>
<li>BlueLinx Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXC#NYSE">BXC</a>) - P/E: 7.15</li>
<li>Ardmore Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASC#NYSE">ASC</a>) - P/E: 2.89</li>
<li>MDU Resources Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDU#NYSE">MDU</a>) - P/E: 7.08</li>
<li>L S Starrett (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCX#NYSE">SCX</a>) - P/E: 3.53</li>
<li>Titan Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWI#NYSE">TWI</a>) - P/E: 6.35</li>
</ol>
BlueLinx Hldgs saw an increase in earnings per share from 2.91 in Q2 to $2.98 now. Most recently, Ardmore Shipping reported earnings per share at $0.49, whereas in Q2 earnings per share sat at $0.57. Most recently, the company reported a dividend yield of 4.7%, which has decreased by 0.7% from last quarter's yield of 5.4%.
MDU Resources Gr looks to be undervalued. It possesses an EPS of $0.29, which has not changed since last quarter (Q2). The company's most recent dividend yield sits at 2.25%, which has decreased by 0.86% from 3.11% last quarter. 
Most recently, L S Starrett reported earnings per share at $-0.05, whereas in Q3 earnings per share sat at $0.35. The company's most recent dividend yield sits at 4.73%, which has decreased by 0.4% from 5.13% last quarter. 
This quarter, Titan Intl experienced a decrease in earnings per share, which was $0.43 in Q2 and is now $0.29. Its most recent dividend yield is at 1.04%, which has increased by 0.45% from 0.59% in the previous quarter.
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

A Look Into Industrials Sector Value Stocks

Bluelinx Holdings shares are trading higher after the company reported better-than-expected Q3 adjusted EPS results and issued Q4 guidance. Additionally, the company announced a $100M share repurchase authorization.

BlueLinx Holdings Q2 2024 Earnings Preview

Notable earnings after Tuesday's close

Craig-Hallum analyst Greg Palm maintained a Buy rating on Bluelinx Holdings (BXC – Research Report) today. The company's shares closed yesterday at...

Craig-Hallum Reaffirms Their Buy Rating on Bluelinx Holdings (BXC)

BlueLinx Holdings Non-GAAP EPS of $1.68 misses by $0.07, revenue of $768M misses by $7.11M

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
BlueLinx Hldgs (NYSE:<a href="https://investorplace.com/stock-quotes/bxc-stock-quote/">BXC</a>) just reported results for the second quarter of 2024.<ul><li>BlueLinx Hldgs reported earnings per share of $1.68. This was below the analyst estimate for EPS of $1.74.</li><li>The company reported revenue of $768.36 million.</li><li>This was 0.86% worse than the analyst estimate for revenue of $774.99 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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BXC Stock Earnings: BlueLinx Hldgs Misses EPS, Misses Revenue for Q2 2024

In a report released today, Kurt Yinger from D.A. Davidson maintained a Buy rating on Bluelinx Holdings (BXC – Research Report). The company's shar...

D.A. Davidson Reaffirms Their Buy Rating on Bluelinx Holdings (BXC)

BlueLinx Holdings Inc. (BXC) Q2 2024 Earnings Call Transcript

In a report released today, Jeffrey Stevenson from Loop Capital Markets reiterated a Buy rating on Bluelinx Holdings (BXC – Research Report), with ...

Loop Capital Markets Sticks to Their Buy Rating for Bluelinx Holdings (BXC)

BlueLinx Holdings: Warning Signs Including Price Deflation, Weak Cash Flows, And Institutional Pullback

Transcat: Growth Is Great, But Not Enough To Prevent A Bearish Outlook

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Press Releases

BlueLinx Expands LP Distribution Partnership

BlueLinx Announces Expansion of Distribution Partnership with Huber Engineered Woods

BlueLinx to Host Fourth Quarter and Full Year 2023 Results Conference Call and Webcast on February 21, 2024

BlueLinx Announces Fourth Quarter and Full Year 2023 Results

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