Boise Cascade (NYSE:BCC) Announces Earnings Results

Boise Cascade (NYSE:BCC) posted its quarterly earnings results on Sunday. The construction company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.68, MarketWatch Earnings reports. The business had revenue of $1.47 billion during 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 business’s quarterly revenue was up 32.9% on a year-over-year basis. During the same period last year, the company posted $0.37 earnings per share.

Shares of Boise Cascade stock traded down $5.59 during trading hours on Tuesday, reaching $46.47. The company’s stock had a trading volume of 19,448 shares, compared to its average volume of 339,023. Boise Cascade has a one year low of $20.08 and a one year high of $54.37. The company has a market capitalization of $1.82 billion, a P/E ratio of 11.09, a P/E/G ratio of 1.29 and a beta of 2.13. The stock’s fifty day simple moving average is $50.29 and its two-hundred day simple moving average is $45.28. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.42 and a current ratio of 2.09.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 15th. Shareholders of record on Monday, February 22nd will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Friday, February 19th. Boise Cascade’s dividend payout ratio (DPR) is 19.14%.

In related news, EVP Dean Michael Brown sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 7th. The shares were sold at an average price of $44.48, for a total transaction of $44,480.00. Following the transaction, the executive vice president now directly owns 33,260 shares of the company’s stock, valued at $1,479,404.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is currently owned by company insiders.

A number of equities research analysts have commented on BCC shares. Benchmark upgraded shares of Boise Cascade from a “hold” rating to a “buy” rating and raised their price target for the stock from $44.00 to $47.00 in a report on Friday, October 30th. DA Davidson restated a “neutral” rating on shares of Boise Cascade in a report on Monday, January 18th. Finally, Zacks Investment Research upgraded shares of Boise Cascade from a “strong sell” rating to a “strong-buy” rating and set a $56.00 price target for the company in a report on Wednesday, January 6th. Two research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $50.50.

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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