Boise Cascade (NYSE:BCC) Issues Earnings Results

Boise Cascade (NYSE:BCC) issued its earnings results on Sunday. The construction company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.68, MarketWatch Earnings reports. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.34 billion. Boise Cascade had a net margin of 3.21% and a return on equity of 25.51%. The company’s revenue for the quarter was up 32.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.37 EPS.

NYSE:BCC traded down $5.55 during mid-day trading on Tuesday, hitting $46.51. 18,702 shares of the company’s stock were exchanged, compared to its average volume of 339,023. The company has a current ratio of 2.09, a quick ratio of 1.42 and a debt-to-equity ratio of 0.61. Boise Cascade has a fifty-two week low of $20.08 and a fifty-two week high of $54.37. The company has a 50 day simple moving average of $50.29 and a 200-day simple moving average of $45.28. The firm has a market capitalization of $1.82 billion, a P/E ratio of 11.09, a PEG ratio of 1.29 and a beta of 2.13.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 15th. Investors of record on Monday, February 22nd will be given a dividend of $0.10 per share. The ex-dividend date is Friday, February 19th. This represents a $0.40 annualized dividend and a yield of 0.86%. Boise Cascade’s dividend payout ratio is presently 19.14%.

In other Boise Cascade news, EVP Dean Michael Brown sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 7th. The shares were sold at an average price of $44.48, for a total transaction of $44,480.00. Following the completion of the transaction, the executive vice president now owns 33,260 shares in the company, valued at approximately $1,479,404.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.40% of the stock is currently owned by company insiders.

BCC has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Boise Cascade from a “strong sell” rating to a “strong-buy” rating and set a $56.00 price target for the company in a research report on Wednesday, January 6th. Benchmark raised shares of Boise Cascade from a “hold” rating to a “buy” rating and raised their price objective for the stock from $44.00 to $47.00 in a report on Friday, October 30th. Finally, DA Davidson restated a “neutral” rating on shares of Boise Cascade in a research report on Monday, January 18th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $50.50.

About Boise Cascade

Boise Cascade Company manufactures wood products and distributes building materials in the United States and Canada. It operates in 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; and structural, appearance, and industrial plywood panels.

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