Boise Cascade (BCC) to Release Earnings on Tuesday

Boise Cascade (NYSE:BCC) will be issuing its quarterly earnings data before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $2.29 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Boise Cascade (NYSE:BCC) last issued its quarterly earnings results 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 business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.64 billion. Boise Cascade had a return on equity of 21.94% and a net margin of 7.07%. The business’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous 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 Stock Up 1.2 %

Shares of NYSE:BCC opened at $136.05 on Friday. 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 current ratio of 3.46 and a quick ratio of 2.26. The business’s 50-day moving average is $140.20 and its 200-day moving average is $127.19. The company has a market capitalization of $5.38 billion, a price-to-earnings ratio of 11.23 and a beta of 1.64.

Boise Cascade Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 0.59%. Boise Cascade’s payout ratio is currently 6.60%.

Insider Buying and Selling at Boise Cascade

In other news, EVP Dean Michael Brown sold 11,117 shares of the business’s 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 of the company’s stock, valued at $5,596,564.33. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.98% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on BCC. StockNews.com downgraded shares of Boise Cascade from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. The Goldman Sachs Group upped their price objective on shares of Boise Cascade from $114.00 to $129.00 and gave the company a “neutral” rating in a report on Thursday, January 11th. Finally, Truist Financial boosted their target price on Boise Cascade from $156.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $125.00.

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.