Boise Cascade (NYSE:BCC) Announces Earnings Results, Misses Estimates By $0.04 EPS

Boise Cascade (NYSE:BCC) posted its quarterly earnings data on Monday. The construction company reported $2.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.04), Briefing.com reports. Boise Cascade had a return on equity of 20.17% and a net margin of 6.60%. The firm had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the previous year, the firm posted $3.58 earnings per share. The company’s quarterly revenue was down 6.6% on a year-over-year basis.

Boise Cascade Trading Down 3.5 %

NYSE:BCC traded down $4.76 during trading hours on Tuesday, reaching $129.50. 70,202 shares of the stock were exchanged, compared to its average volume of 306,752. Boise Cascade has a twelve month low of $101.82 and a twelve month high of $154.67. The business has a 50-day moving average of $136.05 and a two-hundred day moving average of $132.47. The company has a market capitalization of $5.11 billion, a price-to-earnings ratio of 11.71 and a beta of 1.53. The company has a quick ratio of 2.08, a current ratio of 3.28 and a debt-to-equity ratio of 0.21.

Boise Cascade Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, December 2nd will be issued a $0.21 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.84 annualized dividend and a yield of 0.65%. Boise Cascade’s dividend payout ratio (DPR) is presently 7.32%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BCC shares. StockNews.com raised Boise Cascade from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Bank of America lifted their target price on shares of Boise Cascade from $120.00 to $124.00 and gave the stock an “underperform” rating in a research note on Thursday, September 12th. BMO Capital Markets increased their target price on shares of Boise Cascade from $130.00 to $136.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Loop Capital initiated coverage on shares of Boise Cascade in a research note on Friday. They set a “buy” rating and a $155.00 price objective for the company. Finally, The Goldman Sachs Group dropped their price target on Boise Cascade from $140.00 to $122.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $139.60.

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.