Analysts expect that Boise Cascade Co (NYSE:BCC) will post sales of $1.12 billion for the current quarter, Zacks reports. Two analysts have made estimates for Boise Cascade’s earnings. Boise Cascade posted sales of $1.18 billion during the same quarter last year, which suggests a negative year over year growth rate of 5.1%. The firm is scheduled to issue its next quarterly earnings report on Friday, May 3rd.
On average, analysts expect that Boise Cascade will report full-year sales of $4.90 billion for the current financial year, with estimates ranging from $4.86 billion to $4.93 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $5.14 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Boise Cascade.
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Boise Cascade (NYSE:BCC) last released its earnings results on Tuesday, February 26th. The construction company reported ($1.85) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($1.84). The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Boise Cascade had a return on equity of 17.97% and a net margin of 2.23%. The company’s revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 earnings per share.
Several equities research analysts recently issued reports on the stock. ValuEngine raised shares of Boise Cascade from a “strong sell” rating to a “sell” rating in a report on Tuesday, March 5th. Zacks Investment Research upgraded Boise Cascade from a “sell” rating to a “hold” rating in a research note on Monday, December 31st. BMO Capital Markets restated a “hold” rating and issued a $32.00 price target on shares of Boise Cascade in a research note on Wednesday, January 30th. DA Davidson upgraded Boise Cascade from a “neutral” rating to a “buy” rating and upped their price target for the stock from $35.00 to $37.00 in a research note on Wednesday, February 27th. Finally, TheStreet downgraded Boise Cascade from a “b-” rating to a “c+” rating in a research note on Wednesday, December 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Boise Cascade has an average rating of “Hold” and a consensus price target of $41.75.
Boise Cascade stock traded down $0.15 during midday trading on Thursday, hitting $27.62. The stock had a trading volume of 203,179 shares, compared to its average volume of 353,391. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 12.02, a P/E/G ratio of 1.99 and a beta of 1.91. Boise Cascade has a 52-week low of $22.00 and a 52-week high of $49.30. The company has a current ratio of 2.36, a quick ratio of 1.17 and a debt-to-equity ratio of 0.59.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be paid a $0.09 dividend. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $0.36 annualized dividend and a yield of 1.30%. Boise Cascade’s payout ratio is 15.72%.
Hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC boosted its position in shares of Boise Cascade by 5.8% during the 4th quarter. Geode Capital Management LLC now owns 437,399 shares of the construction company’s stock valued at $10,431,000 after acquiring an additional 23,864 shares during the last quarter. Norges Bank bought a new position in shares of Boise Cascade during the 4th quarter valued at approximately $20,938,000. APG Asset Management N.V. boosted its position in shares of Boise Cascade by 106.2% during the 4th quarter. APG Asset Management N.V. now owns 73,600 shares of the construction company’s stock valued at $1,536,000 after acquiring an additional 37,900 shares during the last quarter. Millennium Management LLC boosted its position in shares of Boise Cascade by 69.9% during the 4th quarter. Millennium Management LLC now owns 457,602 shares of the construction company’s stock valued at $10,914,000 after acquiring an additional 188,345 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its position in shares of Boise Cascade by 4.4% during the 4th quarter. Macquarie Group Ltd. now owns 1,667,171 shares of the construction company’s stock valued at $39,762,000 after acquiring an additional 70,900 shares during the last quarter. Institutional investors and hedge funds own 92.26% of the company’s stock.
Boise Cascade Company Profile
Boise Cascade Company manufactures wood products and distributes building materials in the United States and Canada. It operates in 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 lumber, studs, and particleboards.
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