Boise Cascade (NYSE:BCC) Announces Earnings Results

Boise Cascade (NYSE:BCC) announced its quarterly earnings results on Thursday. The construction company reported $1.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.01), Zacks reports. Boise Cascade had a return on equity of 18.24% and a net margin of 5.95%.

Boise Cascade Stock Performance

Shares of BCC traded down $1.99 during midday trading on Thursday, reaching $116.31. 389,815 shares of the stock were exchanged, compared to its average volume of 280,425. The business’s 50-day moving average price is $124.21 and its 200 day moving average price is $132.50. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.13 and a quick ratio of 1.90. Boise Cascade has a twelve month low of $113.38 and a twelve month high of $155.42. The company has a market capitalization of $4.47 billion, a price-to-earnings ratio of 11.38 and a beta of 1.57.

Boise Cascade Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Monday, February 24th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Monday, February 24th. Boise Cascade’s dividend payout ratio (DPR) is currently 8.22%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Truist Financial decreased their price target on Boise Cascade from $161.00 to $157.00 and set a “buy” rating for the company in a report on Monday, January 6th. StockNews.com downgraded Boise Cascade from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Loop Capital assumed coverage on Boise Cascade in a report on Friday, November 1st. They set a “buy” rating and a $155.00 price target for the company. Finally, The Goldman Sachs Group decreased their price target on Boise Cascade from $145.00 to $126.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $139.60.

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.