Boise Cascade (NYSE:BCC) Issues Earnings Results, Beats Estimates By $0.68 EPS

Posted by on Feb 23rd, 2021

Boise Cascade (NYSE:BCC) announced its quarterly earnings data on Sunday. The construction company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.68, MarketWatch Earnings reports. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Boise Cascade had a net margin of 3.21% and a return on equity of 25.51%. The firm’s quarterly revenue was up 32.9% compared to the same quarter last year. During the same period last year, the firm posted $0.37 earnings per share.

BCC stock traded down $6.16 during midday trading on Tuesday, hitting $45.90. The stock had a trading volume of 14,919 shares, compared to its average volume of 339,023. The firm has a market cap of $1.80 billion, a P/E ratio of 11.19, a price-to-earnings-growth ratio of 1.29 and a beta of 2.13. The company has a current ratio of 2.09, a quick ratio of 1.42 and a debt-to-equity ratio of 0.61. Boise Cascade has a 1-year low of $20.08 and a 1-year high of $54.37. The business has a fifty day moving average price of $50.29 and a two-hundred day moving average price of $45.28.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 15th. Investors of record on Monday, February 22nd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, February 19th. This represents a $0.40 annualized dividend and a yield of 0.87%. Boise Cascade’s payout ratio is 19.14%.

A number of research analysts recently issued reports on BCC shares. Benchmark raised shares of Boise Cascade from a “hold” rating to a “buy” rating and lifted their price objective for the company from $44.00 to $47.00 in a research note on Friday, October 30th. Zacks Investment Research raised shares of Boise Cascade from a “strong sell” rating to a “strong-buy” rating and set a $56.00 price objective on the stock in a research note on Wednesday, January 6th. Finally, DA Davidson reaffirmed a “neutral” rating on shares of Boise Cascade in a research note on Monday, January 18th. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Boise Cascade currently has a consensus rating of “Buy” and a consensus price target of $50.50.

In related news, EVP Dean Michael Brown sold 1,000 shares of the business’s stock in a transaction on Monday, December 7th. The shares were sold at an average price of $44.48, for a total value of $44,480.00. Following the transaction, the executive vice president now owns 33,260 shares in the company, valued at $1,479,404.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.40% of the stock is owned by insiders.

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 for Boise Cascade (NYSE:BCC)

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