Equities analysts predict that Boise Cascade Co (NYSE:BCC) will announce earnings per share of $0.81 for the current quarter, according to Zacks. Two analysts have issued estimates for Boise Cascade’s earnings, with the lowest EPS estimate coming in at $0.74 and the highest estimate coming in at $0.89. Boise Cascade also reported earnings of $0.81 per share in the same quarter last year. The firm is expected to report its next earnings results on Tuesday, October 30th.
On average, analysts expect that Boise Cascade will report full-year earnings of $3.20 per share for the current fiscal year, with EPS estimates ranging from $3.10 to $3.30. For the next fiscal year, analysts expect that the firm will report earnings of $2.95 per share, with EPS estimates ranging from $2.91 to $3.00. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Boise Cascade.
Boise Cascade (NYSE:BCC) last announced its quarterly earnings data on Monday, August 6th. The construction company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.19. Boise Cascade had a net margin of 2.64% and a return on equity of 18.66%. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the business posted $0.57 EPS. The firm’s revenue for the quarter was up 23.6% on a year-over-year basis.
A number of brokerages recently weighed in on BCC. BMO Capital Markets reiterated a “hold” rating and set a $41.00 price objective on shares of Boise Cascade in a report on Tuesday, July 17th. Zacks Investment Research upgraded shares of Boise Cascade from a “hold” rating to a “strong-buy” rating and set a $53.00 price target for the company in a report on Tuesday, July 17th. ValuEngine lowered shares of Boise Cascade from a “buy” rating to a “hold” rating in a report on Monday, July 2nd. Bank of America reduced their price target on shares of Boise Cascade from $49.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, August 7th. Finally, Vertical Research upgraded shares of Boise Cascade from a “hold” rating to a “buy” rating in a report on Thursday, October 11th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $45.50.
In other news, SVP John T. Sahlberg sold 7,815 shares of the business’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $43.99, for a total value of $343,781.85. Following the completion of the sale, the senior vice president now owns 58,988 shares in the company, valued at approximately $2,594,882.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Wayne M. Rancourt sold 9,872 shares of the business’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $44.85, for a total transaction of $442,759.20. Following the completion of the sale, the chief financial officer now owns 86,421 shares of the company’s stock, valued at approximately $3,875,981.85. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,472 shares of company stock valued at $1,567,444. Company insiders own 1.20% of the company’s stock.
Several large investors have recently bought and sold shares of BCC. Stifel Financial Corp grew its position in shares of Boise Cascade by 434.2% in the 1st quarter. Stifel Financial Corp now owns 30,586 shares of the construction company’s stock worth $1,177,000 after buying an additional 24,860 shares during the last quarter. Asset Management One Co. Ltd. purchased a new position in shares of Boise Cascade in the 1st quarter worth approximately $358,000. Principal Financial Group Inc. grew its position in shares of Boise Cascade by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 303,951 shares of the construction company’s stock worth $11,732,000 after buying an additional 7,480 shares during the last quarter. Baird Financial Group Inc. purchased a new position in shares of Boise Cascade in the 1st quarter worth approximately $773,000. Finally, Element Capital Management LLC purchased a new position in shares of Boise Cascade in the 1st quarter worth approximately $252,000. Institutional investors and hedge funds own 92.02% of the company’s stock.
BCC traded up $0.51 on Tuesday, reaching $32.90. 472,000 shares of the company traded hands, compared to its average volume of 449,496. Boise Cascade has a one year low of $31.70 and a one year high of $49.30. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 0.89 and a beta of 1.88. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.25 and a quick ratio of 1.15.
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.
Further Reading: Understanding Analyst Recommendations
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Boise Cascade Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boise Cascade and related companies with MarketBeat.com's FREE daily email newsletter.