Boise Cascade (BCC) Q3 Earnings Lag Estimates
Boise Cascade (BCC) came out with quarterly earnings of $2.33 per share, missing the Zacks Consensus Estimate of $2.37 per share. This compares to earnings of $3.58 per share a year ago.
Earnings Preview: Boise Cascade (BCC) Q3 Earnings Expected to Decline
Boise Cascade (BCC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Should You Steer Clear of BCC Stock on Gloomy Near-Term Prospects?
Boise Cascade's prospects seem bleak due to soft multi-family starts, a decline in product pricing and increased costs and expenses.
Boise Cascade (BCC) Q2 Earnings & Sales Top Estimates, Down Y/Y
Boise Cascade's (BCC) second-quarter 2024 results reflect weak demand stemming from high mortgage rates and economic uncertainties.
Boise Cascade Company (BCC) Q2 2024 Earnings Call Transcript
Boise Cascade Company (NYSE:BCC ) Q2 2024 Earnings Conference Call August 6, 2024 11:00 AM ET Company Participants Chris Forrey - IR Nate Jorgensen - CEO Kelly Hibbs - SVP, CFO and Treasurer Jeff Strom - Head-Building Materials Distribution Operations Troy Little - Head-Wood Products Operations Conference Call Participants Susan Maklari - Goldman Sachs Kurt Yinger - D.A. Davidson George Staphos - Bank of America Merrill Lynch Mike Roxland - Truist Securities Reuben Garner - Benchmark Operator Good morning.
Boise Cascade (BCC) Beats Q2 Earnings and Revenue Estimates
Boise Cascade (BCC) came out with quarterly earnings of $2.84 per share, beating the Zacks Consensus Estimate of $2.65 per share. This compares to earnings of $3.67 per share a year ago.
Analysts Estimate Boise Cascade (BCC) to Report a Decline in Earnings: What to Look Out for
Boise Cascade (BCC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Another Dividend Hike Season On Tap: 5 Stocks To Watch
Five growth companies are about to hike their dividends. Let's front run these payout moves.
Boise Cascade (BCC) Up 1.1% Since Last Earnings Report: Can It Continue?
Boise Cascade (BCC) reported earnings 30 days ago. What's next for the stock?
Panagora Asset Management Inc. Has $2.61 Million Stake in Boise Cascade (NYSE:BCC)
Panagora Asset Management Inc. reduced its stake in Boise Cascade (NYSE:BCC – Free Report) by 86.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,190 shares of the construction company’s stock after selling 132,388 shares during the period. Panagora Asset Management Inc. owned approximately 0.05% of Boise Cascade worth $2,612,000 as of its most recent filing with the Securities and Exchange Commission. A number of other large investors have also added to or reduced their stakes in BCC. Wellington Management Group LLP grew its holdings in shares of Boise Cascade by 45.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,349,170 shares of the construction company’s stock worth $139,018,000 after purchasing an additional 418,891 shares in the last quarter. Pacer Advisors Inc. grew its stake in Boise Cascade by 59.7% during the fourth quarter. Pacer Advisors Inc. now owns 1,096,986 shares of the construction company’s stock worth $141,906,000 after buying an additional 409,906 shares in the last quarter. Acadian Asset Management LLC increased its holdings in Boise Cascade by 13.8% in the 3rd quarter. Acadian Asset Management LLC now owns 1,473,620 shares of the construction company’s stock valued at $151,820,000 after buying an additional 178,439 shares during the period. LSV Asset Management raised its position in shares of Boise Cascade by 55.0% in the 4th quarter. LSV Asset Management now owns 446,057 shares of the construction company’s stock valued at $57,702,000 after buying an additional 158,363 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its holdings in shares of Boise Cascade by 1,572.6% during the 4th quarter. Wedge Capital Management L L P NC now owns 110,445 shares of the construction company’s stock worth $14,287,000 after acquiring an additional 103,842 shares during the period. Institutional investors and hedge funds own 96.18% of the company’s stock. Wall Street Analyst Weigh In Several research analysts have commented on the stock. Truist Financial boosted their price objective on shares of Boise Cascade from $156.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. StockNews.com upgraded Boise Cascade from a “hold” rating to a “buy” rating in a research report on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $125.00. Get Our Latest Stock Report on BCC Insider Activity In other news, SVP Jill Twedt sold 1,852 shares of Boise Cascade stock in a transaction on Monday, May 13th. The shares were sold at an average price of $135.00, for a total transaction of $250,020.00. Following the transaction, the senior vice president now owns 37,437 shares in the company, valued at $5,053,995. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Dean Michael Brown sold 11,117 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $139.09, for a total value of $1,546,263.53. Following the completion of the sale, the executive vice president now directly owns 40,237 shares in the company, valued at $5,596,564.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jill Twedt sold 1,852 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $135.00, for a total value of $250,020.00. Following the sale, the senior vice president now directly owns 37,437 shares of the company’s stock, valued at approximately $5,053,995. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,469 shares of company stock valued at $2,133,784. Insiders own 0.98% of the company’s stock. Boise Cascade Stock Down 0.9 % Shares of NYSE:BCC opened at $136.05 on Monday. Boise Cascade has a 52-week low of $71.50 and a 52-week high of $154.67. The company has a market capitalization of $5.37 billion, a PE ratio of 11.06 and a beta of 1.64. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.05 and a current ratio of 3.24. The company has a fifty day moving average of $140.91 and a 200-day moving average of $130.48. Boise Cascade (NYSE:BCC – Get Free Report) last issued its earnings results on Monday, May 6th. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.31. Boise Cascade had a return on equity of 22.00% and a net margin of 7.08%. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the prior year, the firm earned $2.43 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities analysts predict that Boise Cascade will post 10.84 EPS for the current fiscal year. Boise Cascade Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Monday, June 3rd. Boise Cascade’s dividend payout ratio (DPR) is currently 6.50%. Boise Cascade Company Profile (Free Report) 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.
