FY2025 EPS Estimates for Boise Cascade Lowered 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) - Research analysts at DA Davidson lowered their FY2025 EPS estimates for Boise Cascade in a report released on Wednesday, August 6th. DA Davidson analyst K. Yinger now expects that the construction company will post earnings per share of $4.73 for the year, down from their previous forecast of $5.31. DA Davidson has a "Buy" rating and a $100.00 price target 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 the consensus estimate of $1.69 by ($0.05). The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.76 billion. Boise Cascade had a net margin of 4.00% and a return on equity of 12.26%. The firm's revenue was down 3.2% compared to the same quarter last year. During the same period last year, the business earned $2.84 EPS.

BCC has been the topic of several other research reports. Truist Financial reduced their target price on shares of Boise Cascade from $106.00 to $101.00 and set a "buy" rating on the stock in a report on Thursday. Bank of America reduced their target price on shares of Boise Cascade from $111.00 to $107.00 and set a "buy" rating on the stock in a report on Wednesday, July 9th. BMO Capital Markets reduced their target price on shares of Boise Cascade from $114.00 to $108.00 and set a "market perform" rating on the stock in a report on Thursday. Finally, Loop Capital cut their price objective on shares of Boise Cascade from $140.00 to $135.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Boise Cascade currently has an average rating of "Moderate Buy" and an average price target of $112.83.

Boise Cascade Stock Down 1.2%

NYSE:BCC traded down $1.03 during mid-day trading on Friday, hitting $82.16. The stock had a trading volume of 337,768 shares, compared to its average volume of 384,619. The stock has a 50-day simple moving average of $87.31 and a two-hundred day simple moving average of $96.79. The company has a market capitalization of $3.07 billion, a PE ratio of 12.06, a PEG ratio of 4.53 and a beta of 1.28. Boise Cascade has a twelve month low of $80.30 and a twelve month high of $155.42. The company has a current ratio of 2.96, a quick ratio of 1.51 and a debt-to-equity ratio of 0.21.

Hedge Funds Weigh In On Boise Cascade

A number of hedge funds have recently modified their holdings of the business. Westwood Holdings Group Inc. grew its position in shares of Boise Cascade by 9.7% during the second quarter. Westwood Holdings Group Inc. now owns 1,645,026 shares of the construction company's stock worth $142,821,000 after acquiring an additional 145,721 shares during the last quarter. Intech Investment Management LLC grew its position in Boise Cascade by 4.5% in the 2nd quarter. Intech Investment Management LLC now owns 43,836 shares of the construction company's stock valued at $3,806,000 after buying an additional 1,895 shares during the last quarter. SG Americas Securities LLC grew its position in Boise Cascade by 287.1% in the 2nd quarter. SG Americas Securities LLC now owns 4,695 shares of the construction company's stock valued at $408,000 after buying an additional 3,482 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Boise Cascade by 5.1% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,661 shares of the construction company's stock valued at $839,000 after buying an additional 470 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey grew its position in Boise Cascade by 3.1% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 8,696 shares of the construction company's stock valued at $755,000 after buying an additional 264 shares during the last quarter. 96.18% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Boise Cascade news, SVP Jill Twedt sold 1,782 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $83.97, for a total transaction of $149,634.54. Following the sale, the senior vice president owned 32,867 shares of the company's stock, valued at approximately $2,759,841.99. This trade represents a 5.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Troy Little sold 2,033 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $83.10, for a total transaction of $168,942.30. Following the transaction, the executive vice president owned 12,701 shares in the company, valued at approximately $1,055,453.10. This trade represents a 13.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,015 shares of company stock valued at $511,869. 0.98% of the stock is owned by corporate insiders.

Boise Cascade Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This is an increase from Boise Cascade's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 1.1%. Boise Cascade's dividend payout ratio 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.