Boise Cascade (NYSE:BCC) released its quarterly earnings data on Sunday. The construction company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.68, MarketWatch Earnings reports. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Boise Cascade had a return on equity of 25.51% and a net margin of 3.21%. The firm’s quarterly revenue was up 32.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.37 EPS.
Shares of NYSE:BCC traded down $5.73 during trading on Tuesday, reaching $46.33. The company’s stock had a trading volume of 34,100 shares, compared to its average volume of 339,023. The company has a current ratio of 2.09, a quick ratio of 1.42 and a debt-to-equity ratio of 0.61. Boise Cascade has a 12 month low of $20.08 and a 12 month high of $54.37. The firm’s 50 day simple moving average is $50.29 and its two-hundred day simple moving average is $45.28. The stock has a market capitalization of $1.82 billion, a PE ratio of 11.09, a price-to-earnings-growth ratio of 1.29 and a beta of 2.13.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 15th. Investors of record on Monday, February 22nd will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Friday, February 19th. Boise Cascade’s payout ratio is 19.14%.
A number of equities analysts recently commented on BCC shares. Zacks Investment Research raised Boise Cascade from a “strong sell” rating to a “strong-buy” rating and set a $56.00 target price on the stock in a report on Wednesday, January 6th. DA Davidson reiterated a “neutral” rating on shares of Boise Cascade in a research note on Monday, January 18th. Finally, Benchmark upgraded Boise Cascade from a “hold” rating to a “buy” rating and raised their price objective for the company from $44.00 to $47.00 in a research report on Friday, October 30th. Two analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $50.50.
Boise Cascade Company Profile
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; and structural, appearance, and industrial plywood panels.
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