BlueLinx Holdings (BXC) Earning Somewhat Favorable Press Coverage, Study Shows

Press coverage about BlueLinx Holdings (NYSE:BXC) has been trending somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. BlueLinx Holdings earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned news coverage about the construction company an impact score of 45.2773556686237 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Separately, ValuEngine upgraded shares of BlueLinx Holdings from a “hold” rating to a “buy” rating in a research report on Friday, May 26th.

Shares of BlueLinx Holdings (NYSE BXC) traded up 0.87% on Wednesday, hitting $10.46. 3,881 shares of the stock traded hands. The firm has a market cap of $94.87 million, a P/E ratio of 4.20 and a beta of 2.30. BlueLinx Holdings has a 52 week low of $6.36 and a 52 week high of $11.28. The stock has a 50-day moving average price of $10.77 and a 200 day moving average price of $8.98.

BlueLinx Holdings (NYSE:BXC) last announced its quarterly earnings results on Thursday, May 4th. The construction company reported $0.06 EPS for the quarter. BlueLinx Holdings had a net margin of 1.24% and a negative return on equity of 2.96%. The firm had revenue of $428.61 million during the quarter. Equities research analysts predict that BlueLinx Holdings will post ($0.21) EPS for the current fiscal year.

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About BlueLinx Holdings

BlueLinx Holdings, Inc is a distributor of building products in North America. The Company operates its distribution business through a network of approximately 40 distribution centers. It serves metropolitan areas in the United States and delivers building products to a range of wholesale and retail customers.