Boise Cascade Company: Cheaper Valuation But Challenges To Continue Further [Seeking Alpha]
Boise Cascade, L.L.C. (BCC)
Last boise cascade, l.l.c. earnings: 2/24 04:30 pm
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US:NYSE Investor Relations:
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Source: Seeking Alpha
Boise Cascade Company (BCC) faces near-term challenges due to high mortgage rates and weak demand. Q2 2024 saw a 1% topline decline and a 210 bps drop in EBITDA margin due to pricing pressures and higher costs. Long-term prospects remain favorable due to demographic trends and BCC's strong market position, but near-term growth is hindered by economic uncertainties. Despite trading at a discount, poor near-term growth prospects suggest avoiding BCC stock for now, maintaining a HOLD rating. Hans Hansen The Thesis Since my last neutral article on Boise Cascade Company (NYSE: NYSE: BCC ), the stock is down in single digits against a 6% rise in the S&P500. After a decent start to 2024, the second quarter reported a consolidated topline decline of 1% as the weak demand environment continued primarily due to elevated mortgage rates. I am expecting the company's topline to remain under pressure in the remainder of 2024 due to the expected volume decline across most of the busines
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BCC
News
- Industrial Distributors Stocks Q2 Results: Benchmarking Boise Cascade (NYSE:BCC) [Yahoo! Finance]Yahoo! Finance
- Boise Cascade (NYSE: BCC) had its price target raised by analysts at Bank of America Co. from $120.00 to $124.00. They now have an "underperform" rating on the stock.MarketBeat
- Wood Panels Strategic Industry Report 2023-2030 - Increasing Demand for Sustainable Building Materials Spurs Growth [Yahoo! Finance]Yahoo! Finance
- Boise Cascade Company (BCC): The Best Among the Lumber Stocks Recommended By Analysts? [Yahoo! Finance]Yahoo! Finance
- Boise Cascade (NYSE: BCC) had its "buy" rating re-affirmed by analysts at Truist Financial Co.. They now have a $154.00 price target on the stock, down previously from $159.00.MarketBeat
BCC
Earnings
- 8/5/24 - Beat
BCC
Sec Filings
- 9/9/24 - Form 4
- 9/6/24 - Form 144
- 9/5/24 - Form 4
- BCC's page on the SEC website