Boise Cascade (NYSE:BCC – Get Free Report) issued its earnings results on Monday. The construction company reported $2.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.04), Briefing.com reports. Boise Cascade had a return on equity of 20.17% and a net margin of 6.60%. The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period last year, the firm posted $3.58 earnings per share. The company’s revenue for the quarter was down 6.6% compared to the same quarter last year.
Boise Cascade Trading Up 0.5 %
Shares of BCC traded up $0.77 during trading hours on Thursday, reaching $142.53. 56,084 shares of the company traded hands, compared to its average volume of 308,830. The stock’s fifty day moving average price is $136.25 and its 200 day moving average price is $132.57. The company has a current ratio of 3.28, a quick ratio of 2.08 and a debt-to-equity ratio of 0.21. The firm has a market cap of $5.63 billion, a price-to-earnings ratio of 12.36 and a beta of 1.53. Boise Cascade has a 12-month low of $102.13 and a 12-month high of $154.67.
Boise Cascade Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, December 2nd will be paid a $0.21 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.84 dividend on an annualized basis and a yield of 0.59%. Boise Cascade’s payout ratio is 7.32%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on Boise Cascade
Boise Cascade Company Profile
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.
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