Boise Cascade (BCC) Scheduled to Post Earnings on Monday

Boise Cascade (NYSE:BCC) is scheduled to post its quarterly earnings results before the market opens on Monday, August 5th. Analysts expect Boise Cascade to post earnings of $2.65 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Boise Cascade (NYSE:BCC) last released its quarterly earnings results on Monday, May 6th. The construction company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.30 by $0.31. Boise Cascade had a return on equity of 22.00% and a net margin of 7.08%. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same period last year, the business posted $2.43 earnings per share. The company’s quarterly revenue was up 6.5% 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 Trading Down 3.5 %

BCC opened at $128.89 on Friday. Boise Cascade has a 52 week low of $87.32 and a 52 week high of $154.67. The business has a fifty day simple moving average of $128.11 and a 200-day simple moving average of $134.67. The firm has a market cap of $5.09 billion, a P/E ratio of 10.48 and a beta of 1.50. The company has a quick ratio of 2.05, a current ratio of 3.24 and a debt-to-equity ratio of 0.21.

Boise Cascade Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.21 per share. This is a positive change from Boise Cascade’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Tuesday, September 3rd. Boise Cascade’s dividend payout ratio (DPR) is currently 6.50%.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of research analysts recently issued reports on BCC shares. The Goldman Sachs Group decreased their target price on Boise Cascade from $140.00 to $122.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. StockNews.com upgraded Boise Cascade from a “hold” rating to a “buy” rating in a report on Tuesday, May 7th. Finally, Truist Financial decreased their target price on Boise Cascade from $175.00 to $159.00 and set a “buy” rating for the company in a report on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Boise Cascade currently has a consensus rating of “Hold” and an average target price of $126.00.

Boise Cascade Company Profile

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.