Equities analysts expect Boise Cascade Co (NYSE:BCC) to announce sales of $1.10 billion for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Boise Cascade’s earnings. The highest sales estimate is $1.12 billion and the lowest is $1.08 billion. Boise Cascade reported sales of $1.09 billion during the same quarter last year, which indicates a positive year over year growth rate of 0.9%. The company is scheduled to announce its next quarterly earnings results on Monday, February 25th.
According to Zacks, analysts expect that Boise Cascade will report full year sales of $5.02 billion for the current fiscal year, with estimates ranging from $5.00 billion to $5.05 billion. For the next financial year, analysts forecast that the business will post sales of $4.90 billion, with estimates ranging from $4.86 billion to $4.93 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Boise Cascade.
Boise Cascade (NYSE:BCC) last released its quarterly earnings data on Tuesday, November 6th. The construction company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.75 by $0.01. Boise Cascade had a net margin of 2.23% and a return on equity of 17.97%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the firm earned $0.81 EPS. The business’s revenue was up 9.1% on a year-over-year basis.
BCC has been the subject of several research reports. Zacks Investment Research raised shares of Boise Cascade from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Tuesday, August 14th. Vertical Research raised shares of Boise Cascade from a “hold” rating to a “buy” rating in a report on Thursday, October 11th. DA Davidson lowered their price target on shares of Boise Cascade to $35.00 and set a “neutral” rating for the company in a report on Wednesday, November 7th. Finally, ValuEngine downgraded shares of Boise Cascade from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $43.50.
Shares of BCC traded down $0.72 during midday trading on Wednesday, hitting $25.07. 313,317 shares of the company traded hands, compared to its average volume of 400,109. Boise Cascade has a 52 week low of $24.73 and a 52 week high of $49.30. The company has a market capitalization of $1.00 billion, a PE ratio of 13.13, a price-to-earnings-growth ratio of 0.98 and a beta of 2.00. The company has a quick ratio of 1.17, a current ratio of 2.36 and a debt-to-equity ratio of 0.59.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be issued a $0.09 dividend. This is an increase from Boise Cascade’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Friday, November 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.44%. Boise Cascade’s dividend payout ratio (DPR) is presently 18.85%.
Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Boise Cascade by 7.1% in the 3rd quarter. Vanguard Group Inc. now owns 5,006,691 shares of the construction company’s stock valued at $184,247,000 after acquiring an additional 332,553 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Boise Cascade by 39.5% in the 3rd quarter. Morgan Stanley now owns 286,096 shares of the construction company’s stock valued at $10,529,000 after acquiring an additional 81,040 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Boise Cascade by 8.2% in the 3rd quarter. Legal & General Group Plc now owns 104,940 shares of the construction company’s stock valued at $3,879,000 after acquiring an additional 7,952 shares during the last quarter. NorthCoast Asset Management LLC lifted its holdings in shares of Boise Cascade by 49.5% in the 3rd quarter. NorthCoast Asset Management LLC now owns 44,589 shares of the construction company’s stock valued at $1,641,000 after acquiring an additional 14,755 shares during the last quarter. Finally, Teachers Advisors LLC lifted its stake in Boise Cascade by 2.2% in the third quarter. Teachers Advisors LLC now owns 474,259 shares of the construction company’s stock worth $17,453,000 after purchasing an additional 10,425 shares during the last quarter. 96.10% of the stock is owned by hedge funds and other institutional investors.
About Boise Cascade
Boise Cascade Company manufactures wood products and distributes building materials in the United States and Canada. It operates in two segments, Wood Products and Building Materials Distribution. The Wood Products segment manufactures laminated veneer lumber and laminated beams used in headers and beams; I-joists for residential and commercial flooring and roofing systems, and other structural applications; structural, appearance, and industrial plywood panels; and ponderosa pine lumber, studs, and particleboards.
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