Zacks: Brokerages Anticipate Boise Cascade Co (BCC) to Post $0.55 EPS
Equities research analysts expect Boise Cascade Co (NYSE:BCC) to report earnings of $0.55 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Boise Cascade’s earnings, with estimates ranging from $0.51 to $0.62. Boise Cascade posted earnings of $1.29 per share during the same quarter last year, which indicates a negative year over year growth rate of 57.4%. The firm is expected to report its next earnings report on Monday, August 5th.
On average, analysts expect that Boise Cascade will report full year earnings of $1.82 per share for the current year, with EPS estimates ranging from $1.70 to $1.90. For the next year, analysts expect that the company will post earnings of $2.06 per share, with EPS estimates ranging from $1.75 to $2.23. Zacks Investment Research’s earnings per share calculations are a mean 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 Tuesday, May 7th. The construction company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Boise Cascade had a positive return on equity of 11.49% and a negative net margin of 0.11%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the company posted $0.94 EPS. The business’s revenue for the quarter was down 11.9% compared to the same quarter last year.
Shares of Boise Cascade stock traded up $0.87 during trading hours on Tuesday, reaching $23.95. 447,100 shares of the company’s stock were exchanged, compared to its average volume of 309,635. Boise Cascade has a 52-week low of $22.00 and a 52-week high of $49.30. The firm has a market cap of $865.24 million, a PE ratio of 10.46, a P/E/G ratio of 1.89 and a beta of 1.99. The company has a quick ratio of 1.13, a current ratio of 2.54 and a debt-to-equity ratio of 0.77.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Friday, May 31st. Boise Cascade’s dividend payout ratio is presently 15.72%.
In other Boise Cascade news, Director Kristopher J. Matula purchased 3,500 shares of Boise Cascade stock in a transaction on Thursday, May 30th. The shares were bought at an average price of $23.12 per share, with a total value of $80,920.00. Following the purchase, the director now directly owns 14,049 shares in the company, valued at approximately $324,812.88. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.50% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Boise Cascade by 0.5% in the 1st quarter. BlackRock Inc. now owns 6,244,214 shares of the construction company’s stock worth $167,096,000 after buying an additional 29,022 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Boise Cascade by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,257,584 shares of the construction company’s stock worth $87,174,000 after buying an additional 80,166 shares during the period. Macquarie Group Ltd. raised its position in shares of Boise Cascade by 8.0% in the 1st quarter. Macquarie Group Ltd. now owns 1,801,028 shares of the construction company’s stock worth $48,196,000 after buying an additional 133,857 shares during the period. Norges Bank purchased a new position in shares of Boise Cascade in the 4th quarter worth $20,938,000. Finally, Wellington Management Group LLP raised its position in shares of Boise Cascade by 1.7% in the 1st quarter. Wellington Management Group LLP now owns 856,681 shares of the construction company’s stock worth $22,924,000 after buying an additional 14,291 shares during the period. 90.83% of the stock is currently owned by institutional investors and hedge funds.
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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