Boise Cascade (BCC) to Release Quarterly Earnings on Tuesday

Boise Cascade (NYSE:BCC - Get Free Report) is expected to be announcing its earnings results after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of $1.79 per share and revenue of $1.57 billion for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

Boise Cascade Price Performance

Boise Cascade stock traded up $1.33 during mid-day trading on Friday, reaching $121.93. The company had a trading volume of 315,849 shares, compared to its average volume of 275,915. The company has a market cap of $4.68 billion, a P/E ratio of 11.93 and a beta of 1.57. The business has a fifty day simple moving average of $125.58 and a 200 day simple moving average of $132.85. The company has a current ratio of 3.13, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22. Boise Cascade has a fifty-two week low of $113.38 and a fifty-two week high of $155.42.

Boise Cascade Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Monday, February 24th will be issued a dividend of $0.21 per share. The ex-dividend date is Monday, February 24th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.69%. Boise Cascade's dividend payout ratio (DPR) is presently 8.22%.

Analyst Ratings Changes

A number of equities analysts have recently commented on BCC shares. StockNews.com lowered shares of Boise Cascade from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. Truist Financial lowered their target price on shares of Boise Cascade from $161.00 to $157.00 and set a "buy" rating for the company in a research note on Monday, January 6th. The Goldman Sachs Group lowered their target price on shares of Boise Cascade from $145.00 to $126.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. Loop Capital began coverage on shares of Boise Cascade in a research note on Friday, November 1st. They set a "buy" rating and a $155.00 target price for the company. Finally, BMO Capital Markets lifted their target price on shares of Boise Cascade from $130.00 to $136.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price 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.