Boise Cascade, L.L.C. (NYSE:BCC) manufacturer of wood products, is expected to report third quarter earnings results, after market close, on Friday 30th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.89 per share.
Looking ahead, the full year income are expected at $ 3.87 per share on the revenues of $ 5249.36 million.
Previous Quarter Performance
Boise Cascade, L.L.C. reported income for the second quarter of $ 0.85 per share, from the revenue of $ 1,243.00 million. According to street consensus, BCC was expected to report 2Q20 income of $ 0.54 per share from revenue of $ 1180.00 million. The bottom line results beat street analysts by $ 0.31 or 57.41 percent, at the same time, top line results outshined analysts by $ 63.00 million or 5.34 percent.
Stock Performance
Shares of Boise Cascade, L.L.C. traded low $ -0.29 or -0.77 percent on Thursday, reaching $ 37.29 with volume of 242.90 thousand shares. Boise Cascade, L.L.C. has traded high as $ 37.95 and has cracked $ 37.04 on the downward trend
According to the previous trading day, closing price of $ 37.29, representing a 87.15 % increase from the 52 week low of $ 20.08 and a 25.36 % decrease over the 52 week high of $ 50.35.
The company has a market capital of $ 1.46 billion and is part of the Basic Materials sector and Lumber & Wood Production industry.
Recent Analyst recommendations
- On 11th September 2020, downgraded by Bank of America to Neutral from Buy rating.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.10 per share on July 30, 2020. The dividend were payable on September 15, 2020 to holders of record as of the close of business on September 1, 2020 and ex-dividend date on August 31, 2020.
Boise Cascade Company manufactures wood products and distributes building materials in the United States and Canada. It operates in 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; and structural, appearance, and industrial plywood panels.