Somewhat Critical Press Coverage Somewhat Unlikely to Impact Boise Cascade (BCC) Share Price
Media coverage about Boise Cascade (NYSE:BCC) has been trending somewhat negative this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Boise Cascade earned a coverage optimism score of -0.01 on Accern’s scale. Accern also gave news articles about the construction company an impact score of 42.4339155469806 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Boise Cascade (NYSE BCC) opened at $39.50 on Tuesday. The firm has a market capitalization of $1,534.67, a price-to-earnings ratio of 23.83, a PEG ratio of 1.16 and a beta of 2.09. Boise Cascade has a 52-week low of $22.25 and a 52-week high of $40.30. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.27 and a quick ratio of 1.19.
Boise Cascade (NYSE:BCC) last announced its quarterly earnings results on Tuesday, October 31st. The construction company reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.17. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Boise Cascade had a return on equity of 10.66% and a net margin of 1.59%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 earnings per share. analysts anticipate that Boise Cascade will post 1.95 EPS for the current year.
Several brokerages have recently weighed in on BCC. Vertical Research cut Boise Cascade from a “buy” rating to a “hold” rating and set a $36.00 price target for the company. in a research report on Wednesday, October 4th. Sidoti began coverage on Boise Cascade in a research report on Friday, September 15th. They issued a “buy” rating for the company. Zacks Investment Research cut Boise Cascade from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. DA Davidson cut Boise Cascade from a “buy” rating to a “neutral” rating and set a $36.00 price target for the company. in a research report on Tuesday, October 3rd. Finally, Bank of America cut Boise Cascade from a “buy” rating to a “neutral” rating and lifted their price target for the company from $35.00 to $36.00 in a research report on Monday, October 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $36.40.
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Boise Cascade 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.
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