Analysts Anticipate Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Will Announce Quarterly Sales of $83.22 Million

Equities research analysts expect that Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) will report sales of $83.22 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Concrete Pumping’s earnings. The highest sales estimate is $84.75 million and the lowest is $81.70 million. Concrete Pumping posted sales of $79.19 million in the same quarter last year, which would indicate a positive year over year growth rate of 5.1%. The firm is expected to announce its next earnings report on Tuesday, January 11th.

According to Zacks, analysts expect that Concrete Pumping will report full-year sales of $311.25 million for the current year, with estimates ranging from $309.70 million to $312.80 million. For the next fiscal year, analysts expect that the business will report sales of $333.99 million, with estimates ranging from $326.30 million to $341.68 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Concrete Pumping.

Concrete Pumping (NASDAQ:BBCP) last released its earnings results on Tuesday, September 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). Concrete Pumping had a negative net margin of 6.76% and a positive return on equity of 1.17%. During the same period last year, the company posted $0.04 earnings per share.

A number of analysts recently issued reports on BBCP shares. Zacks Investment Research raised Concrete Pumping from a “sell” rating to a “hold” rating in a research report on Wednesday, August 18th. Robert W. Baird reissued a “buy” rating and set a $11.00 price target on shares of Concrete Pumping in a research report on Sunday, September 12th. Finally, UBS Group raised Concrete Pumping from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $6.00 to $11.00 in a research report on Friday, June 25th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $8.35.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp increased its position in Concrete Pumping by 2.1% during the first quarter. Bank of New York Mellon Corp now owns 68,888 shares of the company’s stock worth $510,000 after buying an additional 1,421 shares during the last quarter. Citadel Advisors LLC boosted its holdings in shares of Concrete Pumping by 5.9% during the second quarter. Citadel Advisors LLC now owns 44,071 shares of the company’s stock worth $373,000 after acquiring an additional 2,471 shares during the period. Squarepoint Ops LLC boosted its holdings in shares of Concrete Pumping by 6.7% during the first quarter. Squarepoint Ops LLC now owns 45,447 shares of the company’s stock worth $337,000 after acquiring an additional 2,843 shares during the period. UBS Group AG boosted its holdings in shares of Concrete Pumping by 122.2% during the first quarter. UBS Group AG now owns 5,768 shares of the company’s stock worth $43,000 after acquiring an additional 3,172 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Concrete Pumping by 32.8% during the first quarter. BNP Paribas Arbitrage SA now owns 13,850 shares of the company’s stock worth $103,000 after acquiring an additional 3,419 shares during the period. 31.28% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:BBCP traded up $0.01 during midday trading on Monday, reaching $8.01. The company had a trading volume of 100,026 shares, compared to its average volume of 179,504. The company has a quick ratio of 1.62, a current ratio of 1.73 and a debt-to-equity ratio of 1.42. The business’s 50 day moving average price is $8.42 and its 200 day moving average price is $7.98. The stock has a market cap of $454.15 million, a PE ratio of -18.60 and a beta of 1.21. Concrete Pumping has a 1-year low of $3.14 and a 1-year high of $9.41.

About Concrete Pumping

Concrete Pumping Holdings, Inc provides concrete pumping and waste management services in the United States and the United Kingdom. The company offers concrete pumping services to general contractors and concrete finishing companies in the commercial, infrastructure, and residential sectors under the Brundage-Bone and Camfaud brands; and industrial cleanup and containment services primarily to customers in the construction industry under the Eco-Pan brand.

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