DA Davidson Analysts Boost Earnings Estimates for Boise Cascade, L.L.C. (BCC)

Boise Cascade, L.L.C. (NYSE:BCC) – Equities researchers at DA Davidson boosted their FY2017 EPS estimates for shares of Boise Cascade, L.L.C. in a note issued to investors on Tuesday. DA Davidson analyst S. Chercover now expects that the construction company will post earnings of $1.87 per share for the year, up from their previous forecast of $1.63. DA Davidson has a “Neutral” rating and a $36.00 price target on the stock. DA Davidson also issued estimates for Boise Cascade, L.L.C.’s Q1 2018 earnings at $0.30 EPS, Q2 2018 earnings at $0.70 EPS, Q3 2018 earnings at $0.66 EPS, Q4 2018 earnings at $0.31 EPS and FY2018 earnings at $1.98 EPS.

Several other research firms have also commented on BCC. BidaskClub lowered shares of Boise Cascade, L.L.C. from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Bank of America Corporation lowered shares of Boise Cascade, L.L.C. from a “buy” rating to a “neutral” rating and lifted their price target for the company from $35.00 to $36.00 in a report on Monday, October 2nd. Zacks Investment Research lowered shares of Boise Cascade, L.L.C. from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Vertical Research lowered shares of Boise Cascade, L.L.C. from a “buy” rating to a “hold” rating and set a $36.00 price target for the company. in a report on Wednesday, October 4th. Finally, Sidoti started coverage on shares of Boise Cascade, L.L.C. in a report on Friday, September 15th. They issued a “buy” rating for the company. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $35.25.

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Boise Cascade, L.L.C. (NYSE:BCC) last announced its earnings results on Tuesday, October 31st. The construction company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.17. Boise Cascade, L.L.C. had a net margin of 1.59% and a return on equity of 10.66%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm earned $0.26 earnings per share. The business’s quarterly revenue was up 14.9% compared to the same quarter last year.

A number of institutional investors have recently bought and sold shares of BCC. Victory Capital Management Inc. boosted its stake in Boise Cascade, L.L.C. by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 3,753 shares of the construction company’s stock valued at $114,000 after purchasing an additional 561 shares during the period. SG Americas Securities LLC acquired a new position in Boise Cascade, L.L.C. during the 1st quarter valued at about $136,000. State of Alaska Department of Revenue boosted its stake in Boise Cascade, L.L.C. by 79.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 7,608 shares of the construction company’s stock valued at $231,000 after purchasing an additional 3,358 shares during the period. Public Employees Retirement System of Ohio boosted its stake in Boise Cascade, L.L.C. by 2.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,655 shares of the construction company’s stock valued at $233,000 after purchasing an additional 212 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Boise Cascade, L.L.C. during the 2nd quarter valued at about $234,000. 98.82% of the stock is owned by hedge funds and other institutional investors.

In other Boise Cascade, L.L.C. news, Director Thomas E. Carlile sold 17,552 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $31.75, for a total transaction of $557,276.00. Following the completion of the transaction, the director now directly owns 63,496 shares of the company’s stock, valued at approximately $2,015,998. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.00% 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.

Earnings History and Estimates for Boise Cascade, L.L.C. (NYSE:BCC)

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