Zacks: Brokerages Anticipate Boise Cascade Co (BCC) to Post $0.40 Earnings Per Share

Analysts expect that Boise Cascade Co (NYSE:BCC) will post earnings of $0.40 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Boise Cascade’s earnings. The lowest EPS estimate is $0.36 and the highest is $0.44. Boise Cascade posted earnings per share of $0.26 during the same quarter last year, which would indicate a positive year-over-year growth rate of 53.8%. The company is scheduled to report its next quarterly earnings report on Wednesday, May 2nd.

According to Zacks, analysts expect that Boise Cascade will report full-year earnings of $2.57 per share for the current financial year, with EPS estimates ranging from $2.50 to $2.61. For the next fiscal year, analysts forecast that the firm will report earnings of $2.74 per share, with EPS estimates ranging from $2.70 to $2.80. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Boise Cascade.

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Boise Cascade (NYSE:BCC) last announced its quarterly earnings results on Monday, February 26th. The construction company reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.02). Boise Cascade had a net margin of 1.87% and a return on equity of 11.85%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the business posted $0.11 EPS. Boise Cascade’s revenue was up 18.8% compared to the same quarter last year.

Several equities analysts recently weighed in on the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $36.00 price target on shares of Boise Cascade in a research report on Thursday, January 25th. Zacks Investment Research raised shares of Boise Cascade from a “hold” rating to a “strong-buy” rating and set a $52.00 price target on the stock in a research report on Friday, January 26th. Bank of America raised their price target on shares of Boise Cascade from $44.00 to $46.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. DA Davidson raised their price target on shares of Boise Cascade to $43.00 and gave the company a “hold” rating in a research report on Tuesday, February 27th. Finally, Seaport Global Securities assumed coverage on shares of Boise Cascade in a research report on Thursday, March 15th. They issued a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $42.60.

BCC stock opened at $39.05 on Friday. Boise Cascade has a 1 year low of $25.90 and a 1 year high of $45.95. The firm has a market cap of $1,531.88, a PE ratio of 18.33, a P/E/G ratio of 2.20 and a beta of 2.10. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.44 and a quick ratio of 1.19.

The company also recently disclosed a Not Available dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were paid a $0.07 dividend. The ex-dividend date was Wednesday, February 28th. This represents a yield of 0.00170109356014581%. Boise Cascade’s dividend payout ratio (DPR) is 13.15%.

In other Boise Cascade news, SVP John T. Sahlberg sold 6,582 shares of the stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $39.11, for a total value of $257,422.02. Following the completion of the sale, the senior vice president now owns 73,385 shares in the company, valued at approximately $2,870,087.35. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.00% of the company’s stock.

Large investors have recently bought and sold shares of the business. Commonwealth Equity Services Inc purchased a new stake in Boise Cascade in the 3rd quarter valued at about $204,000. Dynamic Technology Lab Private Ltd purchased a new stake in Boise Cascade in the 3rd quarter valued at about $223,000. Amalgamated Bank purchased a new stake in Boise Cascade in the 4th quarter valued at about $223,000. BlueCrest Capital Management Ltd purchased a new stake in Boise Cascade in the 4th quarter valued at about $225,000. Finally, SG Americas Securities LLC increased its stake in Boise Cascade by 57.3% in the 3rd quarter. SG Americas Securities LLC now owns 6,952 shares of the construction company’s stock valued at $243,000 after buying an additional 2,532 shares during the last quarter. Hedge funds and other institutional investors own 94.78% of the company’s stock.

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About Boise Cascade

Boise Cascade Company is an integrated wood products manufacturer and building materials distributor with operations throughout the United States and one manufacturing facility in Canada. The Company is also a producer of engineered wood products (EWP) and plywood in North America. The Company operates through three segments: Wood Products, Building Materials Distribution, and Corporate and Other.

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