Boise Cascade, L.L.C. (NYSE:BCC) issued its quarterly earnings data on Thursday. The construction company reported $0.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.03, Morningstar.com reports. Boise Cascade, L.L.C. had a return on equity of 8.01% and a net margin of 1.08%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the company earned $0.49 EPS. The firm’s revenue was up 9.1% on a year-over-year basis.
Shares of Boise Cascade, L.L.C. (NYSE BCC) traded up 1.81% during mid-day trading on Thursday, reaching $31.00. 537,687 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $29.49 and its 200 day moving average price is $27.91. Boise Cascade, L.L.C. has a 52-week low of $17.80 and a 52-week high of $33.40. The company has a market cap of $1.19 billion, a PE ratio of 27.93 and a beta of 2.06.
BCC has been the subject of a number of analyst reports. TheStreet raised shares of Boise Cascade, L.L.C. from a “c” rating to a “b” rating in a research report on Friday, May 5th. BidaskClub raised shares of Boise Cascade, L.L.C. from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Zacks Investment Research raised shares of Boise Cascade, L.L.C. from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Tuesday, April 4th. Bank of America Corporation raised shares of Boise Cascade, L.L.C. from a “neutral” rating to a “buy” rating and raised their target price for the company from $32.00 to $34.00 in a research report on Tuesday, April 4th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $33.00 target price on shares of Boise Cascade, L.L.C. in a research report on Thursday, July 20th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Boise Cascade, L.L.C. presently has an average rating of “Hold” and an average target price of $31.50.
ILLEGAL ACTIVITY NOTICE: “Boise Cascade, L.L.C. (BCC) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS” was originally posted by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this story can be accessed at https://stocknewstimes.com/2017/07/27/boise-cascade-l-l-c-bcc-posts-quarterly-earnings-results-misses-expectations-by-0-03-eps.html.
Several hedge funds have recently bought and sold shares of the company. State Street Corp raised its stake in Boise Cascade, L.L.C. by 8.6% in the fourth quarter. State Street Corp now owns 832,807 shares of the construction company’s stock valued at $18,746,000 after buying an additional 66,190 shares during the last quarter. Norges Bank purchased a new stake in Boise Cascade, L.L.C. during the fourth quarter valued at about $4,621,000. Fox Run Management L.L.C. purchased a new stake in Boise Cascade, L.L.C. during the first quarter valued at about $342,000. Russell Investments Group Ltd. purchased a new stake in Boise Cascade, L.L.C. during the fourth quarter valued at about $811,000. Finally, Peregrine Capital Management LLC raised its stake in Boise Cascade, L.L.C. by 7.3% in the first quarter. Peregrine Capital Management LLC now owns 1,075,077 shares of the construction company’s stock valued at $29,296,000 after buying an additional 73,338 shares during the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.
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.
Receive News & Ratings for Boise Cascade L.L.C. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boise Cascade L.L.C. and related companies with MarketBeat.com's FREE daily email newsletter.
