Boise Cascade Company (BCC) Announces Quarterly Results
Boise Cascade Company (NYSE:BCC) posted its quarterly earnings results on Monday. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.08, AnalystRatings.NET reports. The company had revenue of $878.00 million for the quarter, compared to the consensus estimate of $839.44 million. The company’s revenue for the quarter was up 14.8% on a year-over-year basis.
A number of analysts have recently weighed in on BCC shares. Analysts at Deutsche Bank cut their price target on shares of Boise Cascade Company from $30.00 to $27.00 in a research note to investors on Monday, August 26th. They now have a “hold” rating on the stock. On a related note, analysts at DA Davidson upgraded shares of Boise Cascade Company from a “neutral” rating to a “buy” rating in a research note to investors on Monday, August 26th. They now have a $30.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Boise Cascade Company from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 21st. They now have a $23.70 price target on the stock. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $26.12.
Shares of Boise Cascade Company (NYSE:BCC) opened at 25.09 on Monday. Boise Cascade Company has a 52-week low of $22.55 and a 52-week high of $34.54. The stock’s 50-day moving average is $25.46 and its 200-day moving average is $27.25. The company has a market cap of $987.7 million and a P/E ratio of 7.58.
Boise Cascade Company, formerly Boise Cascade, LLC., is a vertically-integrated wood products manufacturer and building materials distributor with operations throughout the United States and Canada.
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