Boise Cascade (NYSE:BCC) posted its earnings results on Sunday. The construction company reported $1.76 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.68, MarketWatch Earnings reports. Boise Cascade had a net margin of 3.21% and a return on equity of 25.51%. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the company posted $0.37 earnings per share. Boise Cascade’s revenue for the quarter was up 32.9% compared to the same quarter last year.

Shares of NYSE BCC traded down $5.72 during midday trading on Tuesday, reaching $46.34. The company had a trading volume of 1,173,184 shares, compared to its average volume of 362,963. The stock has a market cap of $1.82 billion, a P/E ratio of 11.09, a P/E/G ratio of 1.29 and a beta of 2.13. Boise Cascade has a 1 year low of $20.08 and a 1 year high of $54.37. The business’s 50-day simple moving average is $50.29 and its 200 day simple moving average is $45.28. The company has a current ratio of 2.09, a quick ratio of 1.42 and a debt-to-equity ratio of 0.61.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 15th. Shareholders of record on Monday, February 22nd will be issued a $0.10 dividend. The ex-dividend date is Friday, February 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.86%. Boise Cascade’s dividend payout ratio is currently 19.14%.

BCC has been the subject of a number of analyst reports. DA Davidson reissued a “neutral” rating on shares of Boise Cascade in a research report on Monday, January 18th. Benchmark raised shares of Boise Cascade from a “hold” rating to a “buy” rating and raised their price target for the stock from $44.00 to $47.00 in a report on Friday, October 30th. Finally, Zacks Investment Research raised shares of Boise Cascade from a “strong sell” rating to a “strong-buy” rating and set a $56.00 price target for the company in a report on Wednesday, January 6th. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $50.50.

In other news, EVP Dean Michael Brown sold 1,000 shares of the stock in a transaction on Monday, December 7th. The shares were sold at an average price of $44.48, for a total value of $44,480.00. Following the sale, the executive vice president now owns 33,260 shares in the company, valued at $1,479,404.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is owned by corporate insiders.

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; and structural, appearance, and industrial plywood panels.

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Earnings History for Boise Cascade (NYSE:BCC)

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