Boise Cascade (BCC) Scheduled to Post Earnings on Tuesday

Boise Cascade (NYSE:BCC - Get Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect Boise Cascade to post earnings of $2.29 per share for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.

Boise Cascade (NYSE:BCC - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The construction company reported $2.44 earnings per share for the quarter, missing analysts' consensus estimates of $2.45 by ($0.01). Boise Cascade had a return on equity of 21.94% and a net margin of 7.07%. The business had revenue of $1.64 billion during the quarter, compared to analysts' expectations of $1.64 billion. During the same period last year, the company earned $2.95 earnings per share. The firm's revenue was up 1.0% compared to the same quarter last year. On average, analysts expect Boise Cascade to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Boise Cascade Stock Down 4.3 %

Shares of NYSE:BCC traded down $5.96 during trading hours on Tuesday, hitting $132.30. The company's stock had a trading volume of 350,044 shares, compared to its average volume of 296,317. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.46 and a quick ratio of 2.26. The firm's fifty day moving average price is $139.77 and its 200 day moving average price is $126.59. Boise Cascade has a 52 week low of $66.82 and a 52 week high of $154.67. The company has a market capitalization of $5.23 billion, a price-to-earnings ratio of 10.92 and a beta of 1.60.

Boise Cascade Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.80 annualized dividend and a yield of 0.60%. Boise Cascade's dividend payout ratio (DPR) is presently 6.60%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group raised their price objective on Boise Cascade from $114.00 to $129.00 and gave the company a "neutral" rating in a research report on Thursday, January 11th. StockNews.com cut shares of Boise Cascade from a "buy" rating to a "hold" rating in a research report on Friday, February 23rd. Finally, Truist Financial upped their price target on Boise Cascade from $156.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Boise Cascade currently has an average rating of "Hold" and a consensus price target of $125.00.

Insiders Place Their Bets

In other news, EVP Dean Michael Brown sold 11,117 shares of Boise Cascade stock in a transaction on Monday, March 4th. The shares were sold at an average price of $139.09, for a total transaction of $1,546,263.53. Following the completion of the sale, the executive vice president now directly owns 40,237 shares in the company, valued at $5,596,564.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.05% of the stock is owned by insiders.

Boise Cascade Company Profile

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.