Boise Cascade (BCC) Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Boise Cascade in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BCC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BCC, but not buy additional shares or sell existing shares.
View BCC analyst ratings or view top-rated stocks.

4 equities research analysts have issued 12 month target prices for Boise Cascade's stock. Their BCC share price forecasts range from $65.00 to $129.00. On average, they anticipate the company's stock price to reach $103.00 in the next year. This suggests that the stock has a possible downside of 0.0%.
View analysts price targets for BCC or view top-rated stocks among Wall Street analysts.

Boise Cascade's stock was trading at $68.67 at the beginning of 2023. Since then, BCC shares have increased by 50.1% and is now trading at $103.04.
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Boise Cascade saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,000,000 shares, an increase of 11.2% from the August 31st total of 899,300 shares. Based on an average daily volume of 353,800 shares, the days-to-cover ratio is presently 2.8 days. Currently, 2.6% of the shares of the company are short sold.
View Boise Cascade's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.
View our BCC earnings forecast.

Boise Cascade (NYSE:BCC) announced its quarterly earnings results on Tuesday, August, 1st. The construction company reported $3.67 EPS for the quarter, beating analysts' consensus estimates of $2.54 by $1.13. The construction company earned $1.82 billion during the quarter, compared to analyst estimates of $1.71 billion. Boise Cascade had a net margin of 8.12% and a trailing twelve-month return on equity of 27.77%. The firm's revenue was down 20.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.49 EPS.

Boise Cascade declared a quarterly dividend on Thursday, July 27th. Shareholders of record on Friday, September 1st will be given a dividend of $0.20 per share on Friday, September 15th. This represents a $0.80 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Thursday, August 31st. This is a positive change from the stock's previous quarterly dividend of $0.15.
Read our dividend analysis for BCC.

ETFs with the largest weight of Boise Cascade (NYSE:BCC) stock in their portfolio include The Acquirers Fund (ZIG), Cambria Value and Momentum ETF (VAMO), Pacer US Small Cap Cash Cows 100 ETF (CALF), Invesco S&P SmallCap Industrials ETF (PSCI), Euclidean Fundamental Value ETF (ECML), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), ETC 6 Meridian Small Cap Equity ETF (SIXS) and Invesco S&P SmallCap Quality ETF (XSHQ).

Boise Cascade (NYSE:BCC) pays an annual dividend of $0.80 per share and currently has a dividend yield of 0.75%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 5.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BCC will have a dividend payout ratio of 7.46% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BCC.

3 employees have rated Boise Cascade Chief Executive Officer Nate Jorgensen on Glassdoor.com. Nate Jorgensen has an approval rating of 100% among the company's employees. This puts Nate Jorgensen in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Boise Cascade investors own include BCE (BCE), Activision Blizzard (ATVI), Weyerhaeuser (WY), Advanced Micro Devices (AMD), Micron Technology (MU), NVIDIA (NVDA), Alibaba Group (BABA), Walmart (WMT) and AbbVie (ABBV).

Boise Cascade trades on the New York Stock Exchange (NYSE) under the ticker symbol "BCC."

Shares of BCC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BCC stock can currently be purchased for approximately $103.04.

Boise Cascade (NYSE:BCC) has a market capitalization of $4.08 billion and generates $8.39 billion in revenue each year. The construction company earns $857.66 million in net income (profit) each year or $14.57 on an earnings per share basis.

The company employs 6,780 workers across the globe.

Boise Cascade's mailing address is 1111 WEST JEFFERSON STREET SUITE 300, BOISE ID, 83702. The official website for the company is www.bc.com. The construction company can be reached via phone at (208) 384-6161 or via email at investor@bc.com.