Somewhat Favorable News Coverage Likely to Impact Boise Cascade, L.L.C. (NYSE:BCC) Share Price
Media coverage about Boise Cascade, L.L.C. (NYSE:BCC) has been trending somewhat positive on Thursday, Accern Sentiment reports. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Boise Cascade, L.L.C. earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media stories about the construction company an impact score of 75 out of 100, meaning that recent press coverage is likely to have an effect on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern’s analysis:
- Boise Cascade Company Announces Promotion of Twedt to Vice President (finance.yahoo.com)
- Boise Cascade Co. – Value Analysis (NYSE:BCC) : August 1, 2017 (finance.yahoo.com)
- Kelly E. Hibbs Sells 1,511 Shares of Boise Cascade, L.L.C. (NYSE:BCC) Stock (americanbankingnews.com)
- Boise Cascade, L.L.C. (NYSE:BCC) EVP Nick Stokes Sells 4,227 Shares (americanbankingnews.com)
- Boise Cascade, L.L.C. (NYSE:BCC) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
BCC has been the topic of several recent analyst reports. TheStreet upgraded Boise Cascade, L.L.C. from a “c” rating to a “b” rating in a research report on Friday, May 5th. BidaskClub upgraded Boise Cascade, L.L.C. from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Zacks Investment Research upgraded Boise Cascade, L.L.C. from a “sell” rating to a “hold” rating in a research report on Monday. Finally, BMO Capital Markets reiterated a “hold” rating and set a $33.00 target price on shares of Boise Cascade, L.L.C. in a research report on Thursday, July 20th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $31.50.
Shares of Boise Cascade, L.L.C. (NYSE:BCC) traded down 1.00% during midday trading on Thursday, reaching $29.85. The company’s stock had a trading volume of 226,419 shares. Boise Cascade, L.L.C. has a 52 week low of $17.80 and a 52 week high of $33.40. The stock has a 50-day moving average price of $29.66 and a 200 day moving average price of $28.14. The stock has a market capitalization of $1.15 billion, a PE ratio of 24.88 and a beta of 2.06.
Boise Cascade, L.L.C. (NYSE:BCC) last released its quarterly earnings data on Thursday, July 27th. The construction company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by $0.04. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. Boise Cascade, L.L.C. had a net margin of 1.13% and a return on equity of 8.32%. Boise Cascade, L.L.C.’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.49 EPS. Equities analysts forecast that Boise Cascade, L.L.C. will post $1.66 earnings per share for the current year.
In related news, EVP Nick Stokes sold 4,227 shares of Boise Cascade, L.L.C. stock in a transaction on Friday, July 28th. The stock was sold at an average price of $32.35, for a total transaction of $136,743.45. Following the completion of the sale, the executive vice president now owns 63,753 shares of the company’s stock, valued at $2,062,409.55. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Kelly E. Hibbs sold 1,511 shares of Boise Cascade, L.L.C. stock in a transaction on Friday, July 28th. The shares were sold at an average price of $31.50, for a total value of $47,596.50. Following the sale, the vice president now directly owns 25,868 shares of the company’s stock, valued at approximately $814,842. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.
Boise Cascade, L.L.C. Company Profile
Boise Cascade Company is an integrated wood products manufacturer and building materials distributor with operations throughout the United States and one manufacturing facility in Canada. The Company is also a producer of engineered wood products (EWP) and plywood in North America. The Company operates through three segments: Wood Products, Building Materials Distribution, and Corporate and Other.
Receive News & Stock Ratings for Boise Cascade L.L.C. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boise Cascade L.L.C. and related stocks with our FREE daily email newsletter.