Equities research analysts expect that Boise Cascade Co (NYSE:BCC) will announce earnings per share of $0.28 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Boise Cascade’s earnings, with the highest EPS estimate coming in at $0.34 and the lowest estimate coming in at $0.21. Boise Cascade reported earnings per share of $0.94 during the same quarter last year, which indicates a negative year-over-year growth rate of 70.2%. The firm is expected to report its next earnings report on Friday, May 3rd.
On average, analysts expect that Boise Cascade will report full year earnings of $1.97 per share for the current fiscal year, with EPS estimates ranging from $1.86 to $2.10. For the next financial year, analysts forecast that the firm will post earnings of $2.23 per share, with EPS estimates ranging from $1.95 to $2.50. Zacks’ EPS averages are an average based on a survey of analysts that cover Boise Cascade.
Boise Cascade (NYSE:BCC) last announced its quarterly earnings results on Tuesday, February 26th. The construction company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.29). Boise Cascade had a net margin of 0.41% and a return on equity of 14.93%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the firm earned $0.49 EPS. Boise Cascade’s quarterly revenue was down 2.4% on a year-over-year basis.
Several research firms recently commented on BCC. Zacks Investment Research raised shares of Boise Cascade from a “sell” rating to a “hold” rating in a research report on Monday, December 31st. BMO Capital Markets reaffirmed a “hold” rating and issued a $32.00 price objective on shares of Boise Cascade in a research report on Wednesday, January 30th. DA Davidson raised shares of Boise Cascade from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $35.00 to $37.00 in a research report on Wednesday, February 27th. Finally, ValuEngine raised shares of Boise Cascade from a “strong sell” rating to a “sell” rating in a research report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $41.75.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc lifted its position in Boise Cascade by 7.1% during the 3rd quarter. Vanguard Group Inc now owns 5,006,691 shares of the construction company’s stock worth $184,247,000 after buying an additional 332,553 shares in the last quarter. Federated Investors Inc. PA lifted its position in Boise Cascade by 28.2% during the 3rd quarter. Federated Investors Inc. PA now owns 224,062 shares of the construction company’s stock worth $8,246,000 after buying an additional 49,349 shares in the last quarter. Paradigm Asset Management Co. LLC bought a new stake in Boise Cascade during the 3rd quarter worth about $46,000. Bank of New York Mellon Corp lifted its position in Boise Cascade by 1.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 647,045 shares of the construction company’s stock worth $23,811,000 after buying an additional 11,218 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in Boise Cascade by 21.0% during the 4th quarter. Rhumbline Advisers now owns 110,320 shares of the construction company’s stock worth $2,631,000 after buying an additional 19,140 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.
Shares of BCC stock traded up $0.03 on Friday, hitting $26.68. The stock had a trading volume of 221,100 shares, compared to its average volume of 320,065. Boise Cascade has a twelve month low of $22.00 and a twelve month high of $49.30. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 2.09 and a beta of 1.95. The company has a quick ratio of 1.22, a current ratio of 2.67 and a debt-to-equity ratio of 0.65.
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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