Media stories about Boise Cascade (NYSE:BCC) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Boise Cascade earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave headlines about the construction company an impact score of 44.2230585637279 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised Boise Cascade from a “sell” rating to a “hold” rating and set a $41.00 target price on the stock in a research note on Thursday, November 2nd. Bank of America lowered Boise Cascade from a “buy” rating to a “neutral” rating and upped their target price for the company from $35.00 to $36.00 in a research note on Monday, October 2nd. Vertical Research lowered Boise Cascade from a “buy” rating to a “hold” rating and set a $36.00 target price on the stock. in a research note on Wednesday, October 4th. DA Davidson lowered Boise Cascade from a “buy” rating to a “neutral” rating and set a $36.00 target price on the stock. in a research note on Tuesday, October 3rd. Finally, Sidoti assumed coverage on Boise Cascade in a research note on Friday, September 15th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Boise Cascade currently has an average rating of “Hold” and an average target price of $36.40.
Boise Cascade (BCC) opened at $39.05 on Thursday. The firm has a market capitalization of $1,494.18, a price-to-earnings ratio of 23.20, a price-to-earnings-growth ratio of 1.10 and a beta of 2.09. The company has a current ratio of 2.27, a quick ratio of 1.19 and a debt-to-equity ratio of 0.67. Boise Cascade has a 52 week low of $22.25 and a 52 week high of $39.95.
Boise Cascade (NYSE:BCC) last released its quarterly earnings data on Tuesday, October 31st. The construction company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.17. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.15 billion. Boise Cascade had a return on equity of 10.66% and a net margin of 1.59%. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 EPS. sell-side analysts expect that Boise Cascade will post 1.92 earnings per share for the current year.
The company also recently disclosed a Not Available dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, November 27th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, November 24th. Boise Cascade’s payout ratio is 4.00%.
In other news, Director Thomas E. Carlile sold 17,552 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $31.75, for a total transaction of $557,276.00. Following the completion of the sale, the director now directly owns 63,496 shares in the company, valued at approximately $2,015,998. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.00% of the company’s stock.
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About Boise Cascade
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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