Boise Cascade (BCC) to Report Quarterly Results Monday

Boise Cascade (NYSE:BCC – Get Free Report) will report earnings results before the market opens on Monday, August 5. Analysts are expecting the company to report earnings of $2.65 per share for the quarter. Investors who would like to register for the company’s conference call can do so at this link.

Boise Cascade (NYSE:BCC – Get Free Report) last released its quarterly earnings results on Monday, May 6. The construction company reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.31. Boise Cascade had a net margin of 7.08% and a return on equity of 22.00%. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.56 billion. In the year-ago period, the company reported $2.43 EPS. The company’s quarterly revenue increased 6.5% year over year. On average, analysts expect Boise Cascade to report $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Boise Cascade Price Performance

BCC shares opened at $141.04 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.24 and a quick ratio of 2.05. The company’s 50-day moving average is $128.21 and its 200-day moving average is $134.53. The stock has a market cap of $5.57 billion, a PE ratio of 11.47 and a beta of 1.50. Boise Cascade has a 1-year low of $87.32 and a 1-year high of $154.67.

Boise Cascade Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a dividend of $0.20 per share. This represents an annualized dividend of $0.80 and a yield of 0.57%. The ex-dividend date was Monday, June 3rd. Boise Cascade’s dividend payout ratio (DPR) currently stands at 6.50%.

Wall Street analysts predict growth

A number of equities research analysts have commented on BCC shares. Goldman Sachs Group lowered their price objective on Boise Cascade from $140.00 to $122.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Truist Financial lowered their price objective on shares of Boise Cascade from $175.00 to $159.00 and set a “buy” rating for the company in a research note on Tuesday, July 16th. Finally, StockNews.com raised shares of Boise Cascade from a “hold” rating to a “buy” rating in a report on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the firm currently has a consensus rating of “Hold” and an average price objective of $126.00.

Read our latest report on BCC

Insider Transactions at Boise Cascade

In related news, SVP Jill Twedt sold 1,852 shares of Boise Cascade stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $135.00, for a total transaction value of $250,020.00. Following the transaction, the senior vice president now owns 37,437 shares of the company’s stock, valued at $5,053,995. The sale was disclosed in a legal filing with the SEC, which can be accessed at this link. In other news, SVP Jill Twedt sold 1,852 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $135.00, for a total transaction value of $250,020.00. Following the completion of the sale, the senior vice president now owns 37,437 shares of the company’s stock, valued at $5,053,995. The sale was disclosed in a filing with the SEC, which is available on the SEC website. Also, EVP Jeffrey Robert Strom sold 2,500 shares of the company’s stock in a transaction dated Thursday, May 9. The shares were sold at an average price of $135.00, for a total transaction of $337,500.00. Following the transaction, the executive vice president now owns 43,353 shares of the company’s stock, valued at $5,852,655. The disclosure for this sale can be found here. Company insiders own 0.98% of the company’s stock.

About Boise Cascade

(Get free report)

Boise Cascade Company is engaged in the manufacture of wood products and the distribution of building materials in the United States and Canada. The company operates through two segments: Wood Products and Building Materials Distribution. The Wood Products segment produces laminated veneer lumber and laminated beams used in headers and beams; I-joists for residential and commercial floor and roof systems and other structural applications; structural, appearance, and industrial plywood panels; and ponderosa pine shop lumber and appearance grade boards.

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