Boise Cascade (NYSE:BCC) Announces Earnings Results, Misses Expectations By $0.04 EPS

Boise Cascade (NYSE:BCC - Get Free Report) announced its quarterly earnings data on Monday. The construction company reported $2.33 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.04), Briefing.com reports. Boise Cascade had a net margin of 6.60% and a return on equity of 20.17%. The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter last year, the business earned $3.58 EPS. The firm's revenue for the quarter was down 6.6% on a year-over-year basis.

Boise Cascade Trading Up 3.1 %

Shares of NYSE:BCC traded up $4.17 during trading on Tuesday, reaching $138.43. The stock had a trading volume of 636,063 shares, compared to its average volume of 309,396. The business has a fifty day moving average price of $136.05 and a 200-day moving average price of $132.47. The company has a quick ratio of 2.08, a current ratio of 3.28 and a debt-to-equity ratio of 0.21. The stock has a market cap of $5.47 billion, a P/E ratio of 11.71 and a beta of 1.53. Boise Cascade has a fifty-two week low of $101.82 and a fifty-two week high of $154.67.

Boise Cascade Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, December 2nd will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date is Monday, December 2nd. Boise Cascade's dividend payout ratio is presently 7.32%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. StockNews.com upgraded shares of Boise Cascade from a "hold" rating to a "buy" rating in a research note on Tuesday, October 8th. Bank of America lifted their target price on shares of Boise Cascade from $120.00 to $124.00 and gave the stock an "underperform" rating in a research report on Thursday, September 12th. The Goldman Sachs Group cut their target price on shares of Boise Cascade from $140.00 to $122.00 and set a "neutral" rating for the company in a research report on Wednesday, July 10th. Truist Financial lifted their target price on shares of Boise Cascade from $154.00 to $161.00 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. Finally, Loop Capital started coverage on shares of Boise Cascade in a research report on Friday. They issued a "buy" rating and a $155.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Boise Cascade presently has an average rating of "Hold" and an average target price of $139.60.

Boise Cascade Company Profile

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.