Boise Cascade, L.L.C. (BCC) Set to Announce Earnings on Tuesday
Boise Cascade, L.L.C. (NYSE:BCC) is set to release its earnings data before the market opens on Tuesday, October 31st. Analysts expect Boise Cascade, L.L.C. to post earnings of $0.69 per share for the quarter.
Boise Cascade, L.L.C. (NYSE:BCC) last released its quarterly earnings data on Thursday, July 27th. The construction company reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.04). The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. Boise Cascade, L.L.C. had a return on equity of 8.32% and a net margin of 1.13%. Boise Cascade, L.L.C.’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the company earned $0.49 EPS. On average, analysts expect Boise Cascade, L.L.C. to post $1.82 EPS for the current fiscal year and $2.26 EPS for the next fiscal year.
Boise Cascade, L.L.C. (NYSE:BCC) traded up 2.56% during trading on Tuesday, hitting $36.05. 227,866 shares of the stock were exchanged. Boise Cascade, L.L.C. has a 52 week low of $17.80 and a 52 week high of $36.30. The stock has a market cap of $1.39 billion, a P/E ratio of 30.29 and a beta of 2.08. The stock has a 50 day moving average of $33.59 and a 200-day moving average of $30.40.
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In other Boise Cascade, L.L.C. news, EVP Nick Stokes sold 4,227 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $32.35, for a total value of $136,743.45. Following the sale, the executive vice president now owns 63,753 shares in the company, valued at $2,062,409.55. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Kelly E. Hibbs sold 1,511 shares of the company’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $31.50, for a total transaction of $47,596.50. Following the completion of the sale, the vice president now owns 25,868 shares in the company, valued at approximately $814,842. The disclosure for this sale can be found here. Insiders have sold 23,290 shares of company stock worth $741,616 in the last quarter. 1.00% of the stock is owned by corporate insiders.
Several brokerages recently issued reports on BCC. BidaskClub upgraded shares of Boise Cascade, L.L.C. from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research cut shares of Boise Cascade, L.L.C. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 4th. BMO Capital Markets reiterated a “hold” rating and set a $33.00 price target on shares of Boise Cascade, L.L.C. in a research report on Thursday, July 20th. Sidoti began coverage on shares of Boise Cascade, L.L.C. in a research report on Friday, September 15th. They set a “buy” rating on the stock. Finally, DA Davidson cut shares of Boise Cascade, L.L.C. from a “buy” rating to a “neutral” rating and set a $36.00 price target on the stock. in a research report on Tuesday, October 3rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Boise Cascade, L.L.C. has a consensus rating of “Hold” and a consensus target price of $33.20.
About Boise Cascade, L.L.C.
Boise Cascade Company is an integrated wood products manufacturer and building materials distributor with operations throughout the United States and one manufacturing facility in Canada. The Company is also a producer of engineered wood products (EWP) and plywood in North America. The Company operates through three segments: Wood Products, Building Materials Distribution, and Corporate and Other.
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