Zacks: Brokerages Expect Boise Cascade Co (BCC) to Announce $0.27 EPS

Wall Street brokerages expect Boise Cascade Co (NYSE:BCC) to post $0.27 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Boise Cascade’s earnings. The lowest EPS estimate is $0.21 and the highest is $0.34. Boise Cascade posted earnings per share of $0.94 in the same quarter last year, which would indicate a negative year-over-year growth rate of 71.3%. The company is scheduled to announce its next earnings results on Friday, May 3rd.

On average, analysts expect that Boise Cascade will report full-year earnings of $1.92 per share for the current financial year, with EPS estimates ranging from $1.80 to $2.10. For the next fiscal year, analysts anticipate that the company will post earnings of $2.24 per share, with EPS estimates ranging from $2.00 to $2.50. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Boise Cascade.

Boise Cascade (NYSE:BCC) last posted its quarterly earnings results on Tuesday, February 26th. The construction company reported ($1.85) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($1.84). 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 the consensus estimate of $1.09 billion. During the same quarter in the prior year, the business earned $0.49 EPS. Boise Cascade’s revenue was down 2.4% on a year-over-year basis.

Several research analysts have weighed in on the company. TheStreet lowered Boise Cascade from a “b-” rating to a “c+” rating in a research report on Wednesday, December 19th. DA Davidson upgraded Boise Cascade from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $35.00 to $37.00 in a research note on Wednesday, February 27th. BMO Capital Markets restated a “hold” rating and issued a $32.00 price target on shares of Boise Cascade in a research note on Wednesday, January 30th. Zacks Investment Research upgraded Boise Cascade from a “sell” rating to a “hold” rating in a research note on Monday, December 31st. Finally, ValuEngine raised Boise Cascade from a “strong sell” rating to a “sell” rating in a report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $41.75.

Shares of NYSE BCC traded down $0.09 during mid-day trading on Thursday, reaching $26.66. 2,041 shares of the company’s stock were exchanged, compared to its average volume of 299,924. The firm has a market cap of $1.04 billion, a P/E ratio of 11.62, a P/E/G ratio of 2.16 and a beta of 1.95. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.67 and a quick ratio of 1.22. Boise Cascade has a twelve month low of $22.00 and a twelve month high of $49.30.

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.09 dividend. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $0.36 annualized dividend and a yield of 1.35%. Boise Cascade’s payout ratio is currently 15.72%.

Several institutional investors have recently modified their holdings of the company. Royce & Associates LP increased its position in shares of Boise Cascade by 56.3% during the fourth quarter. Royce & Associates LP now owns 1,455 shares of the construction company’s stock valued at $35,000 after acquiring an additional 524 shares during the last quarter. IMS Capital Management purchased a new stake in Boise Cascade during the third quarter valued at about $37,000. Paradigm Asset Management Co. LLC purchased a new stake in Boise Cascade during the third quarter valued at about $46,000. Quantamental Technologies LLC purchased a new stake in Boise Cascade during the fourth quarter valued at about $62,000. Finally, Tocqueville Asset Management L.P. purchased a new stake in Boise Cascade during the third quarter valued at about $207,000. 95.27% of the stock is owned by hedge funds and other institutional investors.

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; structural, appearance, and industrial plywood panels; and ponderosa pine lumber, studs, and particleboards.

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