Boise Cascade (BCC) Set to Announce Quarterly Earnings on Monday

Boise Cascade (NYSE:BCC) will issue its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $2.34 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Boise Cascade (NYSE:BCC) last announced its earnings results on Monday, August 5th. The construction company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.68 by $0.16. Boise Cascade had a net margin of 6.60% and a return on equity of 20.17%. The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the company posted $3.67 earnings per share. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, analysts expect Boise Cascade to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Boise Cascade Stock Up 0.9 %

Boise Cascade stock opened at $134.21 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.08 and a current ratio of 3.28. The stock has a market cap of $5.30 billion, a PE ratio of 11.70 and a beta of 1.52. Boise Cascade has a fifty-two week low of $99.11 and a fifty-two week high of $154.67. The firm’s 50-day simple moving average is $136.09 and its 200 day simple moving average is $132.56.

Boise Cascade Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, December 2nd will be paid a $0.21 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.63%. Boise Cascade’s payout ratio is presently 7.32%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Loop Capital started coverage on Boise Cascade in a report on Friday. They set a “buy” rating and a $155.00 price target on the stock. Truist Financial lifted their target price on Boise Cascade from $154.00 to $161.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Bank of America increased their price target on shares of Boise Cascade from $120.00 to $124.00 and gave the company an “underperform” rating in a research report on Thursday, September 12th. BMO Capital Markets lifted their price objective on shares of Boise Cascade from $130.00 to $136.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Finally, The Goldman Sachs Group decreased their price target on shares of Boise Cascade from $140.00 to $122.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.