Boise Cascade (NYSE:BCC) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

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

Boise Cascade Stock Down 1.7 %

NYSE BCC traded down $1.99 during trading on Thursday, reaching $116.31. 389,815 shares of the company’s stock traded hands, compared to its average volume of 280,425. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.13 and a quick ratio of 1.90. The firm has a market cap of $4.47 billion, a price-to-earnings ratio of 11.38 and a beta of 1.57. The company’s 50 day simple moving average is $124.21 and its two-hundred day simple moving average is $132.50. Boise Cascade has a 12-month low of $113.38 and a 12-month high of $155.42.

Boise Cascade Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders 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 yield of 0.72%. The ex-dividend date is Monday, February 24th. Boise Cascade’s dividend payout ratio (DPR) is 8.22%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. StockNews.com downgraded shares of Boise Cascade from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group reduced their price target on shares of Boise Cascade from $145.00 to $126.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Truist Financial reduced their price target on shares of Boise Cascade from $161.00 to $157.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, Loop Capital assumed coverage on shares of Boise Cascade in a research note on Friday, November 1st. They issued a “buy” rating and a $155.00 price target on the stock. One 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 company. According to MarketBeat, Boise Cascade presently has an average rating of “Hold” and a consensus price target of $139.60.

About Boise Cascade

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.