Boise Cascade (BCC) Scheduled to Post Earnings on Tuesday

Boise Cascade (NYSE:BCC) is scheduled to announce its 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. Investors interested in participating in the company’s conference call can do so using this link.

Boise Cascade (NYSE:BCC) last posted its quarterly earnings data on Wednesday, February 21st. The construction company reported $2.44 EPS for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.01). Boise Cascade had a return on equity of 21.94% and a net margin of 7.07%. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the business posted $2.95 EPS. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. 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. The company has a market cap of $5.38 billion, a P/E ratio of 11.23 and a beta of 1.64. The company’s fifty day moving average is $140.20 and its two-hundred day moving average is $127.43. The company has a quick ratio of 2.26, a current ratio of 3.46 and a debt-to-equity ratio of 0.22. Boise Cascade has a 12-month low of $66.82 and a 12-month high of $154.67.

Boise Cascade Dividend Announcement

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

Insider Buying and Selling

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 transaction, the executive vice president now owns 40,237 shares in the company, valued at approximately $5,596,564.33. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.98% of the stock is currently owned by insiders.

Analyst Ratings Changes

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