Boise Cascade (BCC) Expected to Announce Quarterly Earnings on Tuesday

Boise Cascade (NYSE:BCC) is projected to issue its quarterly earnings data 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. Persons interested in participating in the company’s earnings conference call can do so using this link.

Boise Cascade Trading Down 0.1 %

BCC opened at $123.21 on Tuesday. The company has a current ratio of 3.13, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22. The firm has a market cap of $4.73 billion, a price-to-earnings ratio of 12.06 and a beta of 1.57. Boise Cascade has a 12 month low of $113.38 and a 12 month high of $155.42. The stock has a fifty day moving average price of $127.56 and a 200-day moving average price of $133.29.

Boise Cascade Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Monday, February 24th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $0.84 annualized dividend and a yield of 0.68%. Boise Cascade’s dividend payout ratio (DPR) is presently 8.22%.

Analyst Ratings Changes

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