Analysts Expect Boise Cascade (NYSE:BCC) to Post $4.57 Earnings Per Share

Equities analysts expect Boise Cascade (NYSE:BCCGet Rating) to report earnings of $4.57 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Boise Cascade’s earnings. The highest EPS estimate is $5.05 and the lowest is $4.08. Boise Cascade reported earnings of $7.62 per share during the same quarter last year, which indicates a negative year over year growth rate of 40%. The firm is scheduled to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Boise Cascade will report full-year earnings of $18.43 per share for the current fiscal year, with EPS estimates ranging from $17.80 to $19.06. For the next year, analysts expect that the firm will post earnings of $9.36 per share, with EPS estimates ranging from $7.95 to $10.77. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Boise Cascade.

Boise Cascade (NYSE:BCCGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The construction company reported $7.61 earnings per share for the quarter, topping the consensus estimate of $6.50 by $1.11. The firm had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.19 billion. Boise Cascade had a net margin of 10.27% and a return on equity of 62.72%. The company’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same period in the previous year, the company posted $3.76 EPS.

BCC has been the subject of a number of research reports. Benchmark lowered shares of Boise Cascade from a “buy” rating to a “hold” rating in a research note on Tuesday, May 10th. StockNews.com lowered shares of Boise Cascade from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 4th. Finally, DA Davidson raised shares of Boise Cascade from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $80.00 to $82.00 in a research note on Thursday, February 24th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $79.75.

In other Boise Cascade news, SVP Jill Twedt sold 4,000 shares of the business’s stock in a transaction on Monday, February 28th. The shares were sold at an average price of $77.85, for a total transaction of $311,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Dean Michael Brown sold 2,394 shares of the business’s stock in a transaction dated Wednesday, March 2nd. The stock was sold at an average price of $82.58, for a total transaction of $197,696.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,215 shares of company stock valued at $882,242. Company insiders own 0.89% of the company’s stock.

Several large investors have recently bought and sold shares of BCC. ProShare Advisors LLC increased its stake in Boise Cascade by 62.0% in the fourth quarter. ProShare Advisors LLC now owns 9,845 shares of the construction company’s stock valued at $702,000 after acquiring an additional 3,768 shares during the period. Man Group plc boosted its position in Boise Cascade by 1,382.1% in the third quarter. Man Group plc now owns 194,172 shares of the construction company’s stock valued at $10,481,000 after buying an additional 181,071 shares in the last quarter. Virtus ETF Advisers LLC boosted its position in Boise Cascade by 5.5% in the third quarter. Virtus ETF Advisers LLC now owns 27,674 shares of the construction company’s stock valued at $1,494,000 after buying an additional 1,442 shares in the last quarter. Advisor Group Holdings Inc. boosted its position in Boise Cascade by 33.1% in the third quarter. Advisor Group Holdings Inc. now owns 4,040 shares of the construction company’s stock valued at $218,000 after buying an additional 1,005 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its position in shares of Boise Cascade by 31.2% during the fourth quarter. Qube Research & Technologies Ltd now owns 7,678 shares of the construction company’s stock worth $547,000 after purchasing an additional 1,826 shares in the last quarter. Institutional investors own 91.42% of the company’s stock.

Shares of NYSE:BCC opened at $76.72 on Monday. The firm has a fifty day moving average of $75.66 and a two-hundred day moving average of $73.46. The firm has a market capitalization of $3.03 billion, a P/E ratio of 3.52, a price-to-earnings-growth ratio of 1.85 and a beta of 1.50. Boise Cascade has a 12-month low of $46.51 and a 12-month high of $85.17. The company has a quick ratio of 1.84, a current ratio of 2.75 and a debt-to-equity ratio of 0.29.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st will be paid a $2.62 dividend. This represents a $10.48 annualized dividend and a dividend yield of 13.66%. The ex-dividend date of this dividend is Tuesday, May 31st. This is a positive change from Boise Cascade’s previous quarterly dividend of $0.12. Boise Cascade’s payout ratio is presently 2.20%.

About Boise Cascade (Get Rating)

Boise Cascade Company manufactures wood products and distributes 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 lumber products.

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