BlueLinx (BXC) Scheduled to Post Earnings on Tuesday

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

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

BlueLinx Stock Performance

Shares of BlueLinx stock opened at $104.18 on Monday. The business’s fifty day simple moving average is $102.87 and its 200-day simple moving average is $102.98. The company has a quick ratio of 3.37, a current ratio of 4.88 and a debt-to-equity ratio of 0.88. The firm has a market cap of $902.41 million, a PE ratio of 19.55 and a beta of 1.94. BlueLinx has a 52 week low of $68.19 and a 52 week high of $132.67.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BXC. Craig Hallum lifted their price objective on shares of BlueLinx from $125.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 1st. StockNews.com upgraded BlueLinx from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. Finally, DA Davidson boosted their target price on BlueLinx from $121.00 to $137.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, BlueLinx presently has an average rating of “Buy” and a consensus target price 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.