FY2025 EPS Estimates for Boise Cascade Cut by DA Davidson

Boise Cascade, L.L.C. (NYSE:BCC) – DA Davidson reduced their FY2025 earnings estimates for shares of Boise Cascade in a research note issued on Wednesday, November 5th. DA Davidson analyst K. Yinger now anticipates that the construction company will earn $3.44 per share for the year, down from their prior forecast of $3.60. DA Davidson currently has a “Buy” rating and a $95.00 target price on the stock. The consensus estimate for Boise Cascade’s current full-year earnings is $10.15 per share. DA Davidson also issued estimates for Boise Cascade’s FY2026 earnings at $4.87 EPS.

Boise Cascade (NYSE:BCC) last posted its quarterly earnings data on Monday, November 3rd. The construction company reported $0.58 EPS for the quarter, meeting analysts’ consensus estimates of $0.58. Boise Cascade had a net margin of 2.96% and a return on equity of 9.00%. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the company posted $2.33 EPS. The company’s quarterly revenue was down 2.7% compared to the same quarter last year.

BCC has been the topic of several other reports. Bank of America cut their price objective on Boise Cascade from $111.00 to $107.00 and set a “buy” rating on the stock in a research report on Wednesday, July 9th. Truist Financial lowered their target price on Boise Cascade from $101.00 to $96.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Boise Cascade in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Boise Cascade from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Finally, The Goldman Sachs Group lowered their price objective on shares of Boise Cascade from $96.00 to $82.00 and set a “neutral” rating for the company in a research report on Monday, October 13th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $102.50.

Boise Cascade Price Performance

Boise Cascade stock opened at $71.46 on Thursday. Boise Cascade has a 52-week low of $65.62 and a 52-week high of $155.42. The firm has a market capitalization of $2.67 billion, a P/E ratio of 14.12, a PEG ratio of 5.50 and a beta of 1.27. The company has a quick ratio of 1.54, a current ratio of 3.10 and a debt-to-equity ratio of 0.22. The firm has a fifty day moving average of $77.76 and a 200-day moving average of $84.66.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC acquired a new position in Boise Cascade in the third quarter worth about $28,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Boise Cascade by 120.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 406 shares of the construction company’s stock worth $40,000 after acquiring an additional 222 shares in the last quarter. Huntington National Bank grew its position in shares of Boise Cascade by 630.0% in the 2nd quarter. Huntington National Bank now owns 438 shares of the construction company’s stock worth $38,000 after acquiring an additional 378 shares in the last quarter. Hantz Financial Services Inc. grew its position in shares of Boise Cascade by 1,071.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 492 shares of the construction company’s stock worth $38,000 after acquiring an additional 450 shares in the last quarter. Finally, RMG Wealth Management LLC acquired a new position in shares of Boise Cascade in the 2nd quarter worth approximately $42,000. 96.18% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Boise Cascade

In other news, COO Jeffrey Robert Strom sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $91.06, for a total transaction of $91,060.00. Following the completion of the sale, the chief operating officer owned 37,026 shares of the company’s stock, valued at approximately $3,371,587.56. This trade represents a 2.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.98% of the company’s stock.

Boise Cascade Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Monday, December 1st will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.2%. Boise Cascade’s dividend payout ratio (DPR) is presently 17.39%.

About Boise Cascade

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.