Analysts forecast that Concrete Pumping Holdings, Inc. (NASDAQ:BBCP – Get Rating) will announce $89.34 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Concrete Pumping’s earnings, with the lowest sales estimate coming in at $88.80 million and the highest estimate coming in at $89.87 million. Concrete Pumping reported sales of $76.87 million during the same quarter last year, which indicates a positive year over year growth rate of 16.2%. The firm is expected to report its next earnings results after the market closes on Monday, January 1st.
On average, analysts expect that Concrete Pumping will report full-year sales of $365.15 million for the current financial year, with estimates ranging from $364.39 million to $365.90 million. For the next financial year, analysts forecast that the business will report sales of $387.74 million, with estimates ranging from $385.37 million to $390.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Concrete Pumping.
Concrete Pumping (NASDAQ:BBCP – Get Rating) last released its quarterly earnings data on Thursday, March 10th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The business had revenue of $85.45 million during the quarter, compared to the consensus estimate of $84.01 million. Concrete Pumping had a positive return on equity of 3.60% and a negative net margin of 0.48%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citigroup Inc. increased its stake in Concrete Pumping by 162.0% in the third quarter. Citigroup Inc. now owns 3,215 shares of the company’s stock worth $27,000 after purchasing an additional 1,988 shares during the period. BNP Paribas Arbitrage SA increased its stake in Concrete Pumping by 91.7% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 7,142 shares of the company’s stock worth $61,000 after buying an additional 3,417 shares during the period. Barclays PLC lifted its holdings in Concrete Pumping by 214.5% during the 3rd quarter. Barclays PLC now owns 10,547 shares of the company’s stock valued at $90,000 after buying an additional 7,193 shares in the last quarter. Colony Group LLC purchased a new stake in Concrete Pumping in the 3rd quarter valued at about $99,000. Finally, Allspring Global Investments Holdings LLC bought a new position in Concrete Pumping in the 1st quarter worth about $99,000. 35.36% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BBCP opened at $5.41 on Wednesday. The firm has a market cap of $306.97 million, a P/E ratio of -67.63 and a beta of 1.12. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.10 and a quick ratio of 1.01. Concrete Pumping has a 1 year low of $4.64 and a 1 year high of $9.70. The company has a 50 day simple moving average of $5.81 and a two-hundred day simple moving average of $7.24.
About Concrete Pumping (Get Rating)
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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