Boise Cascade (BCC) Scheduled to Post Earnings on Monday

Boise Cascade (NYSE:BCC) is set 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. Parties interested in participating in the company’s conference call can do so using this link.

Boise Cascade (NYSE:BCC) last issued its quarterly earnings results on Monday, May 6th. The construction company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.31. The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Boise Cascade had a return on equity of 22.00% and a net margin of 7.08%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.43 earnings per share. 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 Price Performance

Shares of BCC stock opened at $128.89 on Friday. The stock has a market cap of $5.09 billion, a price-to-earnings ratio of 10.48 and a beta of 1.50. The business’s fifty day moving average is $128.11 and its 200 day moving average is $134.67. Boise Cascade has a twelve month low of $87.32 and a twelve month high of $154.67. 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. Investors of record on Tuesday, September 3rd will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.65%. This is a boost from Boise Cascade’s previous quarterly dividend of $0.20. The ex-dividend date is Tuesday, September 3rd. Boise Cascade’s dividend payout ratio is presently 6.50%.

Insider Activity

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

Wall Street Analyst Weigh In

BCC has been the topic of several recent research reports. The Goldman Sachs Group reduced their price target on Boise Cascade from $140.00 to $122.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. StockNews.com raised Boise Cascade from a “hold” rating to a “buy” rating in a research note on Tuesday, May 7th. Finally, Truist Financial cut their target price on Boise Cascade from $175.00 to $159.00 and set a “buy” rating on the stock in a research note on Tuesday, July 16th. One 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.