Boise Cascade (NYSE:BCC – Get Free Report) posted its quarterly earnings data on Monday. The construction company reported $2.33 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.04), Briefing.com reports. The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.72 billion. Boise Cascade had a return on equity of 20.17% and a net margin of 6.60%. The firm’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.58 EPS.
Boise Cascade Stock Up 2.4 %
Shares of BCC stock traded up $3.27 on Wednesday, reaching $141.76. 438,947 shares of the company’s stock traded hands, compared to its average volume of 310,006. Boise Cascade has a 12-month low of $101.82 and a 12-month high of $154.67. 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 company has a market capitalization of $5.60 billion, a P/E ratio of 12.07 and a beta of 1.53. The business’s 50 day moving average price is $136.14 and its two-hundred day moving average price is $132.51.
Boise Cascade Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.59%. Boise Cascade’s dividend payout ratio is 7.32%.
Analyst Ratings Changes
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.
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