Boise Cascade (BCC) to Release Earnings on Tuesday

Boise Cascade (NYSE:BCC) is set to 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. Parties interested in registering for the company’s conference call can do so using this link.

Boise Cascade (NYSE:BCC) last released its quarterly earnings results on Wednesday, February 21st. The construction company reported $2.44 EPS for the quarter, missing the consensus estimate of $2.45 by ($0.01). Boise Cascade had a net margin of 7.07% and a return on equity of 21.94%. The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the company earned $2.95 EPS. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. 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

Shares of NYSE:BCC opened at $136.05 on Monday. Boise Cascade has a one year low of $66.82 and a one year high of $154.67. The stock has a market capitalization of $5.38 billion, a price-to-earnings ratio of 11.23 and a beta of 1.64. The company has a 50-day simple moving average of $140.20 and a 200-day simple moving average of $127.43. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.26 and a current ratio of 3.46.

Boise Cascade Announces Dividend

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

Insider Buying and Selling

In other Boise Cascade news, EVP Dean Michael Brown sold 11,117 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $139.09, for a total value of $1,546,263.53. Following the sale, the executive vice president now owns 40,237 shares of the company’s stock, valued at $5,596,564.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.98% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

BCC has been the topic of a number of recent research reports. The Goldman Sachs Group boosted 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. StockNews.com cut shares of Boise Cascade from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Finally, Truist Financial raised their target price on shares of Boise Cascade from $156.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $125.00.

Boise Cascade Company Profile

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.