Analysts expect Continental Building Products, Inc. (NYSE:CBPX) to report sales of $124.29 million for the current quarter, Zacks reports. Two analysts have made estimates for Continental Building Products’ earnings, with the highest sales estimate coming in at $126.00 million and the lowest estimate coming in at $122.58 million. Continental Building Products posted sales of $114.56 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.5%. The business is scheduled to issue its next quarterly earnings results on Monday, November 6th.

According to Zacks, analysts expect that Continental Building Products will report full-year sales of $124.29 million for the current fiscal year, with estimates ranging from $472.48 million to $505.50 million. For the next financial year, analysts anticipate that the business will post sales of $522.38 million per share, with estimates ranging from $497.20 million to $540.90 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Continental Building Products.

Continental Building Products (NYSE:CBPX) last posted its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.03. Continental Building Products had a net margin of 9.16% and a return on equity of 15.43%. The business had revenue of $120.60 million during the quarter, compared to analyst estimates of $127.60 million. During the same quarter in the prior year, the business earned $0.31 earnings per share. The firm’s quarterly revenue was up 3.0% on a year-over-year basis.

A number of equities analysts have weighed in on CBPX shares. Zacks Investment Research cut shares of Continental Building Products from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th. Royal Bank Of Canada reissued a “buy” rating on shares of Continental Building Products in a research report on Monday, May 15th. Finally, BidaskClub raised shares of Continental Building Products from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $25.25.

Shares of Continental Building Products (CBPX) opened at 23.25 on Monday. Continental Building Products has a 1-year low of $18.35 and a 1-year high of $26.52. The firm has a 50-day moving average price of $22.84 and a 200-day moving average price of $23.94. The firm has a market capitalization of $911.87 million, a PE ratio of 21.35 and a beta of 1.28.

Institutional investors have recently made changes to their positions in the company. Boston Partners increased its position in shares of Continental Building Products by 2.2% in the first quarter. Boston Partners now owns 174,055 shares of the construction company’s stock worth $4,264,000 after buying an additional 3,712 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Continental Building Products by 5.7% in the first quarter. American Century Companies Inc. now owns 631,449 shares of the construction company’s stock valued at $15,471,000 after buying an additional 33,801 shares in the last quarter. Algert Global LLC boosted its stake in shares of Continental Building Products by 9.9% in the first quarter. Algert Global LLC now owns 101,822 shares of the construction company’s stock valued at $2,495,000 after buying an additional 9,140 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Continental Building Products by 137.1% in the first quarter. First Trust Advisors LP now owns 48,972 shares of the construction company’s stock valued at $1,200,000 after buying an additional 28,321 shares in the last quarter. Finally, Adams Diversified Equity Fund Inc. boosted its stake in shares of Continental Building Products by 2.9% in the first quarter. Adams Diversified Equity Fund Inc. now owns 45,800 shares of the construction company’s stock valued at $1,122,000 after buying an additional 1,300 shares in the last quarter. 95.58% of the stock is owned by institutional investors.

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Continental Building Products Company Profile

Continental Building Products, Inc is a manufacturer of gypsum wallboard and complementary finishing products. The Company operates through wallboard segment. Gypsum wallboard is a primary building material used in residential and commercial construction and in repair and remodel (R&R). It offers customers a range of gypsum wallboard products, including LiftLite, its lightweight product designed to lift and install; its Mold Defense line of products designed for protection against mold and mildew, and its Weather Defense line of moisture and mold-resistant exterior sheathing.

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