FY2025 EPS Estimates for Boise Cascade Cut by DA Davidson

Boise Cascade, L.L.C. (NYSE:BCC) – Analysts at DA Davidson decreased their FY2025 earnings estimates for shares of Boise Cascade in a report issued on Wednesday, November 5th. DA Davidson analyst K. Yinger now expects that the construction company will earn $3.44 per share for the year, down from their previous estimate of $3.60. DA Davidson currently has a “Buy” rating and a $95.00 target price on the stock. The consensus estimate for Boise Cascade’s current full-year earnings is $10.15 per share. DA Davidson also issued estimates for Boise Cascade’s FY2026 earnings at $4.87 EPS.

Boise Cascade (NYSE:BCC) last released its quarterly earnings data on Monday, November 3rd. The construction company reported $0.58 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.58. Boise Cascade had a net margin of 2.96% and a return on equity of 9.00%. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the firm posted $2.33 earnings per share. Boise Cascade’s revenue for the quarter was down 2.7% on a year-over-year basis.

Several other analysts have also recently commented on BCC. Weiss Ratings reissued a “hold (c-)” rating on shares of Boise Cascade in a report on Wednesday, October 8th. Bank of America reduced their target price on Boise Cascade from $111.00 to $107.00 and set a “buy” rating for the company in a report on Wednesday, July 9th. Truist Financial reduced their target price on Boise Cascade from $101.00 to $96.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. BMO Capital Markets upgraded shares of Boise Cascade from a “market perform” rating to an “outperform” rating and set a $100.00 price objective for the company in a research note on Wednesday. Finally, Wall Street Zen cut shares of Boise Cascade from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.50.

Boise Cascade Price Performance

BCC stock opened at $71.46 on Thursday. The company has a market capitalization of $2.67 billion, a P/E ratio of 14.12, a PEG ratio of 5.50 and a beta of 1.27. Boise Cascade has a twelve month low of $65.62 and a twelve month high of $155.42. The business has a 50 day simple moving average of $77.76 and a 200-day simple moving average of $84.66. The company has a current ratio of 3.10, a quick ratio of 1.54 and a debt-to-equity ratio of 0.22.

Boise Cascade Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Monday, December 1st will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Monday, December 1st. Boise Cascade’s payout ratio is currently 17.39%.

Insider Activity

In related news, COO Jeffrey Robert Strom sold 1,000 shares of Boise Cascade stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $91.06, for a total transaction of $91,060.00. Following the completion of the transaction, the chief operating officer directly owned 37,026 shares in the company, valued at $3,371,587.56. The trade was a 2.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.98% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Boise Cascade

A number of institutional investors have recently made changes to their positions in the stock. Cerity Partners LLC raised its holdings in shares of Boise Cascade by 3.8% in the second quarter. Cerity Partners LLC now owns 3,274 shares of the construction company’s stock worth $284,000 after acquiring an additional 121 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in Boise Cascade by 1.0% in the 2nd quarter. Raymond James Financial Inc. now owns 13,219 shares of the construction company’s stock valued at $1,148,000 after purchasing an additional 126 shares in the last quarter. SummerHaven Investment Management LLC lifted its holdings in Boise Cascade by 2.3% in the 2nd quarter. SummerHaven Investment Management LLC now owns 6,860 shares of the construction company’s stock valued at $596,000 after purchasing an additional 152 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in Boise Cascade by 5.7% in the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,800 shares of the construction company’s stock valued at $243,000 after purchasing an additional 152 shares in the last quarter. Finally, CWM LLC raised its position in shares of Boise Cascade by 30.6% in the third quarter. CWM LLC now owns 747 shares of the construction company’s stock valued at $58,000 after buying an additional 175 shares during the last quarter. 96.18% of the stock is owned by institutional investors and hedge funds.

About Boise Cascade

Boise Cascade Company engages in manufacture of wood products and distribution of building materials in the United States and Canada. It operates through 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 shop lumber and appearance grade boards.