Analysts predict that Boise Cascade Co (NYSE:BCC) will post $1.27 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Boise Cascade’s earnings. The lowest sales estimate is $1.25 billion and the highest is $1.30 billion. Boise Cascade posted sales of $1.41 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 9.9%. The business is expected to report its next earnings results on Monday, August 5th.
On average, analysts expect that Boise Cascade will report full-year sales of $4.72 billion for the current fiscal year, with estimates ranging from $4.68 billion to $4.76 billion. For the next year, analysts forecast that the business will report sales of $4.88 billion, with estimates ranging from $4.78 billion to $4.98 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Boise Cascade.
Boise Cascade (NYSE:BCC) last posted its earnings results on Tuesday, May 7th. The construction company reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. Boise Cascade had a positive return on equity of 11.49% and a negative net margin of 0.11%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the business earned $0.94 EPS. The business’s quarterly revenue was down 11.9% on a year-over-year basis.
Boise Cascade stock opened at $26.49 on Wednesday. Boise Cascade has a fifty-two week low of $22.00 and a fifty-two week high of $49.30. The company has a quick ratio of 1.22, a current ratio of 2.54 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $1.05 billion, a PE ratio of 11.57, a PEG ratio of 2.20 and a beta of 1.93.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Friday, May 31st. Boise Cascade’s payout ratio is currently 15.72%.
Institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in Boise Cascade by 1.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 647,045 shares of the construction company’s stock valued at $23,811,000 after acquiring an additional 11,218 shares during the last quarter. Martingale Asset Management L P raised its stake in Boise Cascade by 16.7% during the 3rd quarter. Martingale Asset Management L P now owns 16,127 shares of the construction company’s stock valued at $594,000 after acquiring an additional 2,312 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Boise Cascade by 36.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 589,824 shares of the construction company’s stock valued at $21,706,000 after acquiring an additional 158,459 shares during the last quarter. Teachers Advisors LLC raised its stake in Boise Cascade by 2.2% during the 3rd quarter. Teachers Advisors LLC now owns 474,259 shares of the construction company’s stock valued at $17,453,000 after acquiring an additional 10,425 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in Boise Cascade by 8.2% during the 3rd quarter. Legal & General Group Plc now owns 104,940 shares of the construction company’s stock valued at $3,879,000 after acquiring an additional 7,952 shares during the last quarter. 95.32% of the stock is owned by institutional investors and hedge funds.
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.
See Also: 52-Week High/Low
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Boise Cascade Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boise Cascade and related companies with MarketBeat.com's FREE daily email newsletter.