Analysts expect Boise Cascade Co (NYSE:BCC) to announce $0.70 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Boise Cascade’s earnings. The highest EPS estimate is $0.81 and the lowest is $0.59. Boise Cascade posted earnings of $0.72 per share in the same quarter last year, which suggests a negative year over year growth rate of 2.8%. The firm is expected to issue its next earnings report on Thursday, November 5th.
According to Zacks, analysts expect that Boise Cascade will report full-year earnings of $3.81 per share for the current year, with EPS estimates ranging from $3.47 to $4.15. For the next financial year, analysts expect that the company will report earnings of $2.81 per share, with EPS estimates ranging from $2.66 to $2.95. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for Boise Cascade.
Boise Cascade (NYSE:BCC) last issued its quarterly earnings results on Monday, August 3rd. The construction company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.54 by $0.31. Boise Cascade had a net margin of 1.83% and a return on equity of 14.09%. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the business earned $0.71 earnings per share. Boise Cascade’s revenue for the quarter was up 1.0% compared to the same quarter last year.
Shares of NYSE BCC traded up $0.66 during midday trading on Friday, reaching $40.58. The company’s stock had a trading volume of 174,402 shares, compared to its average volume of 322,646. Boise Cascade has a one year low of $20.08 and a one year high of $50.35. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 1.05 and a beta of 2.32. The company has a 50 day moving average price of $43.66 and a 200 day moving average price of $35.87. The company has a current ratio of 2.46, a quick ratio of 1.52 and a debt-to-equity ratio of 0.64.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $0.40 annualized dividend and a dividend yield of 0.99%. Boise Cascade’s dividend payout ratio (DPR) is presently 19.14%.
In other news, EVP Dean Michael Brown sold 3,500 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $45.00, for a total value of $157,500.00. Following the completion of the sale, the executive vice president now directly owns 34,260 shares of the company’s stock, valued at $1,541,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas E. Carlile sold 16,061 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $48.43, for a total transaction of $777,834.23. Following the sale, the director now owns 40,167 shares of the company’s stock, valued at $1,945,287.81. The disclosure for this sale can be found here. Insiders have sold 31,179 shares of company stock worth $1,490,349 in the last quarter. 1.40% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the business. FDx Advisors Inc. acquired a new position in shares of Boise Cascade in the first quarter worth $25,000. Rosenberg Matthew Hamilton bought a new position in shares of Boise Cascade in the second quarter valued at approximately $34,000. Private Capital Group LLC raised its position in shares of Boise Cascade by 31.1% in the second quarter. Private Capital Group LLC now owns 1,024 shares of the construction company’s stock valued at $39,000 after purchasing an additional 243 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of Boise Cascade by 276.3% in the second quarter. Advisors Asset Management Inc. now owns 1,588 shares of the construction company’s stock worth $60,000 after buying an additional 1,166 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Boise Cascade by 42.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,637 shares of the construction company’s stock worth $63,000 after buying an additional 789 shares during the period.
About Boise Cascade
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; and structural, appearance, and industrial plywood panels.
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