Boise Cascade (NYSE:BCC) issued its quarterly earnings data on Thursday. The construction company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01, Briefing.com reports. Boise Cascade had a negative net margin of 0.41% and a positive return on equity of 8.46%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the business posted $0.76 EPS. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year.
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Shares of BCC opened at $38.18 on Friday. Boise Cascade has a fifty-two week low of $22.00 and a fifty-two week high of $39.65. The firm’s 50 day moving average price is $33.79 and its 200 day moving average price is $28.96. The company has a market cap of $1.50 billion, a P/E ratio of 16.67, a PEG ratio of 2.38 and a beta of 2.02. The company has a quick ratio of 1.29, a current ratio of 2.53 and a debt-to-equity ratio of 0.74.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.10 per share. This is an increase from Boise Cascade’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 1.05%. The ex-dividend date is Friday, November 29th. Boise Cascade’s dividend payout ratio is presently 15.72%.
Several equities analysts have recently commented on BCC shares. DA Davidson lowered shares of Boise Cascade from a “buy” rating to a “neutral” rating and set a $40.00 price objective on the stock. in a report on Friday. ValuEngine upgraded shares of Boise Cascade from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Finally, Zacks Investment Research upgraded shares of Boise Cascade from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective on the stock in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $32.40.
In other Boise Cascade news, insider Stewart David bought 196,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were purchased at an average cost of $0.23 per share, with a total value of $45,276.00. 1.50% of the stock is owned by corporate insiders.
About Boise Cascade
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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