Boise Cascade (BCC) Set to Announce Earnings on Monday

Boise Cascade (NYSE:BCC) is scheduled to be releasing its earnings data after the market closes on Monday, November 4th. Analysts expect Boise Cascade to post earnings of $2.34 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Boise Cascade (NYSE:BCC) last posted its quarterly earnings data on Monday, August 5th. The construction company reported $2.84 EPS for the quarter, topping 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 firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the business posted $3.67 EPS. Boise Cascade’s revenue 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 Trading Down 1.2 %

NYSE:BCC opened at $135.38 on Monday. The firm has a 50 day moving average of $135.76 and a 200 day moving average of $132.87. The company has a quick ratio of 2.08, a current ratio of 3.28 and a debt-to-equity ratio of 0.21. Boise Cascade has a 52 week low of $87.32 and a 52 week high of $154.67. The stock has a market capitalization of $5.34 billion, a price-to-earnings ratio of 11.01 and a beta of 1.52.

Boise Cascade Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Tuesday, September 3rd. This is a positive change from Boise Cascade’s previous quarterly dividend of $0.20. Boise Cascade’s dividend payout ratio is currently 6.83%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BCC shares. The Goldman Sachs Group dropped their target price 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 upgraded Boise Cascade from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. BMO Capital Markets increased their price objective on shares of Boise Cascade from $130.00 to $136.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Truist Financial lifted their target price on shares of Boise Cascade from $154.00 to $161.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Finally, Bank of America raised their price target on shares of Boise Cascade from $120.00 to $124.00 and gave the stock an “underperform” rating in a report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Boise Cascade presently has a consensus rating of “Hold” and a consensus price target of $135.75.

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.