Equities analysts expect Boise Cascade Co (NYSE:BCC) to post sales of $1.27 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Boise Cascade’s earnings. The highest sales estimate is $1.27 billion and the lowest is $1.26 billion. Boise Cascade reported sales of $1.34 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 5.2%. The company is expected to announce its next quarterly earnings results on Tuesday, November 5th.
On average, analysts expect that Boise Cascade will report full-year sales of $4.69 billion for the current financial year, with estimates ranging from $4.68 billion to $4.70 billion. For the next financial year, analysts anticipate that the firm will report sales of $4.85 billion, with estimates ranging from $4.78 billion to $4.91 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that follow Boise Cascade.
Boise Cascade (NYSE:BCC) last posted its quarterly earnings data on Monday, August 5th. The construction company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.21. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.27 billion. Boise Cascade had a positive return on equity of 8.46% and a negative net margin of 0.41%. The business’s revenue for the quarter was down 12.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.06 earnings per share.
Shares of BCC traded up $0.36 during trading hours on Wednesday, reaching $30.58. 245,300 shares of the company traded hands, compared to its average volume of 307,113. 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 stock has a market capitalization of $1.19 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 1.92 and a beta of 2.10. Boise Cascade has a fifty-two week low of $22.00 and a fifty-two week high of $47.15. The stock has a fifty day simple moving average of $27.70 and a 200 day simple moving average of $26.89.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.36 annualized dividend and a yield of 1.18%. Boise Cascade’s dividend payout ratio (DPR) is presently 15.72%.
In other Boise Cascade news, Director Kristopher J. Matula bought 3,500 shares of Boise Cascade stock in a transaction that occurred on Thursday, May 30th. The shares were purchased at an average cost of $23.12 per share, for a total transaction of $80,920.00. Following the completion of the transaction, the director now owns 14,049 shares of the company’s stock, valued at approximately $324,812.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dean Michael Brown sold 3,947 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $29.91, for a total value of $118,054.77. Following the transaction, the executive vice president now owns 29,196 shares in the company, valued at $873,252.36. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BCC. Cable Hill Partners LLC purchased a new position in shares of Boise Cascade in the 1st quarter worth about $27,000. Tower Research Capital LLC TRC raised its holdings in shares of Boise Cascade by 680.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,560 shares of the construction company’s stock worth $44,000 after purchasing an additional 1,360 shares during the period. FMR LLC raised its holdings in shares of Boise Cascade by 436.4% in the 1st quarter. FMR LLC now owns 3,331 shares of the construction company’s stock worth $89,000 after purchasing an additional 2,710 shares during the period. Advisory Services Network LLC purchased a new position in shares of Boise Cascade in the 2nd quarter worth about $115,000. Finally, Investors Research Corp purchased a new position in shares of Boise Cascade in the 1st quarter worth about $120,000. Hedge funds and other institutional investors own 90.47% of the company’s stock.
Boise Cascade Company Profile
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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