Boise Cascade Company Sees Large Decrease in Short Interest (BCC)
Boise Cascade Company (NYSE:BCC) saw a large decrease in short interest in May. As of May 15th, there was short interest totalling 358,012 shares, a decrease of 55.7% from the April 30th total of 808,538 shares, Stock Ratings Network reports. Approximately 0.9% of the company’s stock are short sold. Based on an average daily volume of 663,492 shares, the short-interest ratio is currently 0.5 days.
Separately, analysts at Zacks downgraded shares of Boise Cascade Company from a “neutral” rating to an “underperform” rating in a research note on Monday, April 28th. They now have a $25.00 price target on the stock.
Boise Cascade Company (NYSE:BCC) opened at 27.78 on Thursday. Boise Cascade Company has a 52-week low of $22.55 and a 52-week high of $31.86. The stock has a 50-day moving average of $25.75 and a 200-day moving average of $27.89. The company has a market cap of $1.095 billion and a P/E ratio of 27.86.
Boise Cascade Company (NYSE:BCC) last announced its earnings results on Wednesday, April 23rd. The company reported $0.14 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.25 by $0.11. The company had revenue of $767.20 million for the quarter, compared to the consensus estimate of $793.32 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. On average, analysts predict that Boise Cascade Company will post $1.57 earnings per share for the current fiscal year.
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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