Boise Cascade (NYSE:BCC) Announces Quarterly Earnings Results

Boise Cascade (NYSE:BCC) announced its quarterly earnings data on Thursday. The construction company reported $1.78 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.01), Zacks reports. Boise Cascade had a net margin of 5.95% and a return on equity of 18.24%.

Boise Cascade Price Performance

BCC opened at $116.31 on Friday. Boise Cascade has a 12-month low of $113.38 and a 12-month high of $155.42. The company has a current ratio of 3.13, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22. The business’s fifty day simple moving average is $123.74 and its 200-day simple moving average is $132.38. The company has a market capitalization of $4.47 billion, a price-to-earnings ratio of 11.38 and a beta of 1.57.

Boise Cascade Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Monday, February 24th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Monday, February 24th. Boise Cascade’s payout ratio is 8.22%.

Analyst Ratings Changes

BCC has been the topic of several research analyst reports. The Goldman Sachs Group cut their price objective on Boise Cascade from $145.00 to $126.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Truist Financial cut their price objective on Boise Cascade from $161.00 to $157.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. StockNews.com downgraded Boise Cascade from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, Loop Capital initiated coverage on Boise Cascade in a research report on Friday, November 1st. They issued a “buy” rating and a $155.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Boise Cascade has an average rating of “Hold” and an average price target of $139.60.

Boise Cascade Company Profile

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.