Analysts Expect Boise Cascade Co (NYSE:BCC) Will Post Earnings of $0.71 Per Share

Brokerages predict that Boise Cascade Co (NYSE:BCC) will announce earnings per share (EPS) of $0.71 for the current quarter, according to Zacks. Two analysts have issued estimates for Boise Cascade’s earnings, with the lowest EPS estimate coming in at $0.55 and the highest estimate coming in at $0.82. Boise Cascade posted earnings per share of $0.76 in the same quarter last year, which would suggest a negative year over year growth rate of 6.6%. The business is scheduled to report its next quarterly earnings report on Tuesday, November 5th.

According to Zacks, analysts expect that Boise Cascade will report full-year earnings of $1.90 per share for the current financial year, with EPS estimates ranging from $1.85 to $2.01. For the next year, analysts expect that the business will report earnings of $2.19 per share, with EPS estimates ranging from $2.10 to $2.26. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Boise Cascade.

Boise Cascade (NYSE:BCC) last issued its quarterly earnings data on Monday, August 5th. The construction company reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.21. Boise Cascade had a negative net margin of 0.41% and a positive return on equity of 8.46%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the company posted $1.06 EPS. The company’s revenue was down 12.6% on a year-over-year basis.

BCC has been the subject of a number of recent research reports. Bank of America cut shares of Boise Cascade from a “neutral” rating to an “underperform” rating and set a $22.00 price objective for the company. in a research note on Friday, July 12th. Zacks Investment Research raised shares of Boise Cascade from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective for the company in a research note on Thursday, August 8th. ValuEngine raised shares of Boise Cascade from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Goldman Sachs Group raised shares of Boise Cascade from a “neutral” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Boise Cascade has a consensus rating of “Buy” and a consensus price target of $31.80.

Shares of BCC traded down $0.18 during mid-day trading on Wednesday, reaching $30.07. 155,834 shares of the company’s stock were exchanged, compared to its average volume of 211,144. The company has a quick ratio of 1.29, a current ratio of 2.53 and a debt-to-equity ratio of 0.74. The company has a 50-day simple moving average of $29.00 and a two-hundred day simple moving average of $27.17. Boise Cascade has a 52-week low of $22.00 and a 52-week high of $46.05. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 2.01 and a beta of 2.03.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be paid a $0.09 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.36 annualized dividend and a yield of 1.20%. Boise Cascade’s payout ratio is currently 15.72%.

In other Boise Cascade news, EVP Dean Michael Brown sold 3,947 shares of Boise Cascade stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $29.91, for a total value of $118,054.77. Following the completion of the sale, the executive vice president now directly owns 29,196 shares of the company’s stock, valued at approximately $873,252.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Strs Ohio grew its stake in Boise Cascade by 1.7% in the 2nd quarter. Strs Ohio now owns 30,700 shares of the construction company’s stock worth $862,000 after acquiring an additional 500 shares during the period. Piedmont Investment Advisors Inc. grew its stake in Boise Cascade by 5.4% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 9,803 shares of the construction company’s stock worth $262,000 after acquiring an additional 506 shares during the period. Arizona State Retirement System grew its stake in Boise Cascade by 1.2% in the 2nd quarter. Arizona State Retirement System now owns 60,459 shares of the construction company’s stock worth $1,700,000 after acquiring an additional 745 shares during the period. Texas Permanent School Fund grew its stake in Boise Cascade by 3.2% in the 1st quarter. Texas Permanent School Fund now owns 26,283 shares of the construction company’s stock worth $703,000 after acquiring an additional 821 shares during the period. Finally, Crossmark Global Holdings Inc. grew its stake in Boise Cascade by 5.8% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 15,090 shares of the construction company’s stock worth $424,000 after acquiring an additional 830 shares during the period. 90.47% of the stock is owned by hedge funds and other institutional investors.

About Boise Cascade

Boise Cascade Company manufactures wood products and distributes building materials in the United States and Canada. It operates in 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; and structural, appearance, and industrial plywood panels.

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Earnings History and Estimates for Boise Cascade (NYSE:BCC)

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