Boise Cascade (BCC) Scheduled to Post Earnings on Tuesday

Boise Cascade (NYSE:BCC) will post its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect Boise Cascade to post earnings of $2.29 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Boise Cascade (NYSE:BCC) last announced its quarterly earnings data on Wednesday, February 21st. The construction company reported $2.44 earnings per share for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.01). The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Boise Cascade had a net margin of 7.07% and a return on equity of 21.94%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.95 earnings per share. On average, analysts expect Boise Cascade to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Boise Cascade Price Performance

BCC traded down $4.11 during midday trading on Tuesday, hitting $134.15. The stock had a trading volume of 72,222 shares, compared to its average volume of 292,943. Boise Cascade has a 1 year low of $66.82 and a 1 year high of $154.67. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.26 and a current ratio of 3.46. The business has a fifty day moving average of $139.85 and a 200 day moving average of $126.31. The company has a market cap of $5.31 billion, a P/E ratio of 11.41 and a beta of 1.60.

Boise Cascade Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were paid a $0.20 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.60%. Boise Cascade’s dividend payout ratio (DPR) is 6.60%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Truist Financial lifted their target price on shares of Boise Cascade from $156.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. StockNews.com lowered Boise Cascade from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Finally, The Goldman Sachs Group increased their target price on Boise Cascade from $114.00 to $129.00 and gave the company a “neutral” rating in a report on Thursday, January 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $125.00.

Insiders Place Their Bets

In other news, EVP Dean Michael Brown sold 11,117 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $139.09, for a total transaction of $1,546,263.53. Following the completion of the sale, the executive vice president now directly owns 40,237 shares in the company, valued at $5,596,564.33. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.05% of the company’s stock.

About Boise Cascade

Boise Cascade Company engages in manufacture of wood products and distribution of building materials in the United States and Canada. It operates through 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 shop lumber and appearance grade boards.