FY2025 EPS Estimates for Boise Cascade Decreased by Analyst

Key Points

• DA Davidson has revised its FY2025 earnings estimate for Boise Cascade from $5.31 to $4.73 per share, while maintaining a "Buy" rating and price target of $100.00.
• Boise Cascade reported quarterly earnings of $1.64 per share, which was below analysts' expectations of $1.69, alongside a revenue decrease of 3.2% year-over-year.
• The company announced an increase in its quarterly dividend to $0.22 per share, reflecting a positive change from the previous $0.21.

Boise Cascade, L.L.C. (NYSE:BCC - Free Report) - Investment analysts at DA Davidson dropped their FY2025 earnings per share estimates for Boise Cascade in a research note issued to investors on Wednesday, August 6th. DA Davidson analyst K. Yinger now anticipates that the construction company will earn $4.73 per share for the year, down from their previous forecast of $5.31. DA Davidson has a "Buy" rating and a $100.00 price objective on the stock. The consensus estimate for Boise Cascade's current full-year earnings is $10.15 per share. DA Davidson also issued estimates for Boise Cascade's FY2026 earnings at $6.05 EPS.

Boise Cascade (NYSE:BCC - Get Free Report) last issued its earnings results on Monday, August 4th. The construction company reported $1.64 earnings per share for the quarter, missing analysts' consensus estimates of $1.69 by ($0.05). Boise Cascade had a return on equity of 12.26% and a net margin of 4.00%. The business had revenue of $1.74 billion during the quarter, compared to analysts' expectations of $1.76 billion. During the same period last year, the firm posted $2.84 EPS. Boise Cascade's quarterly revenue was down 3.2% compared to the same quarter last year.

A number of other analysts have also weighed in on BCC. Bank of America lowered their price objective on shares of Boise Cascade from $111.00 to $107.00 and set a "buy" rating for the company in a research note on Wednesday, July 9th. BMO Capital Markets decreased their price objective on Boise Cascade from $114.00 to $108.00 and set a "market perform" rating on the stock in a report on Thursday, August 7th. Truist Financial reduced their price objective on shares of Boise Cascade from $106.00 to $101.00 and set a "buy" rating on the stock in a report on Thursday, August 7th. Finally, Loop Capital cut their target price on shares of Boise Cascade from $140.00 to $135.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $112.83.

Boise Cascade Price Performance

BCC traded up $3.73 during trading on Friday, reaching $84.47. 175,835 shares of the company traded hands, compared to its average volume of 354,313. The company has a market cap of $3.15 billion, a P/E ratio of 12.38, a PEG ratio of 4.88 and a beta of 1.28. The firm has a fifty day simple moving average of $87.23 and a 200 day simple moving average of $96.24. Boise Cascade has a 12-month low of $80.01 and a 12-month high of $155.42. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.54 and a current ratio of 2.96.

Institutional Trading of Boise Cascade

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP grew its position in shares of Boise Cascade by 502.4% in the fourth quarter. Quarry LP now owns 253 shares of the construction company's stock valued at $30,000 after purchasing an additional 211 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Boise Cascade by 120.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 406 shares of the construction company's stock worth $40,000 after acquiring an additional 222 shares in the last quarter. Huntington National Bank raised its position in shares of Boise Cascade by 630.0% in the 2nd quarter. Huntington National Bank now owns 438 shares of the construction company's stock worth $38,000 after acquiring an additional 378 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Boise Cascade by 338.5% in the 1st quarter. Farther Finance Advisors LLC now owns 478 shares of the construction company's stock valued at $47,000 after buying an additional 369 shares during the period. Finally, RMG Wealth Management LLC acquired a new position in Boise Cascade during the 2nd quarter valued at about $42,000. Institutional investors own 96.18% of the company's stock.

Insider Activity at Boise Cascade

In other Boise Cascade news, SVP Jill Twedt sold 1,782 shares of Boise Cascade stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $83.97, for a total value of $149,634.54. Following the completion of the transaction, the senior vice president owned 32,867 shares in the company, valued at approximately $2,759,841.99. The trade was a 5.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Joanna L. Barney sold 1,000 shares of Boise Cascade stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $87.68, for a total value of $87,680.00. Following the sale, the executive vice president directly owned 12,372 shares of the company's stock, valued at approximately $1,084,776.96. This trade represents a 7.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,015 shares of company stock valued at $511,869. Corporate insiders own 1.11% of the company's stock.

Boise Cascade Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a positive change from Boise Cascade's previous quarterly dividend of $0.21. Boise Cascade's dividend payout ratio (DPR) is 12.33%.

About Boise Cascade

Boise Cascade Company engages in manufacture of wood products and distribution of building materials in the United States and Canada. It operates through 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; structural, appearance, and industrial plywood panels; and ponderosa pine shop lumber and appearance grade boards.