Concrete Pumping Holdings, Inc. Forecasted to Earn Q2 2023 Earnings of $0.09 Per Share (NASDAQ:BBCP)

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP – Get Rating) – Stock analysts at DA Davidson issued their Q2 2023 earnings per share estimates for Concrete Pumping in a research note issued on Friday, March 10th. DA Davidson analyst B. Thielman expects that the company will post earnings of $0.09 per share for the quarter. The consensus estimate for Concrete Pumping’s current full-year earnings is $0.51 per share. DA Davidson also issued estimates for Concrete Pumping’s FY2024 earnings at $0.67 EPS.

Several other brokerages have also recently issued reports on BBCP. Robert W. Baird upped their target price on Concrete Pumping from $7.50 to $8.00 in a report on Friday. TheStreet cut Concrete Pumping from a “b-” rating to a “c+” rating in a report on Tuesday, December 27th.

Concrete Pumping Stock Down 2.9 %

NASDAQ BBCP opened at $7.30 on Monday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.69 and a current ratio of 0.74. The business has a fifty day moving average price of $7.32 and a 200 day moving average price of $6.91. The company has a market cap of $404.49 million, a P/E ratio of 12.37 and a beta of 1.08. Concrete Pumping has a one year low of $4.64 and a one year high of $8.24.

Concrete Pumping (NASDAQ:BBCP – Get Rating) last announced its earnings results on Monday, January 23rd. The company reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. Concrete Pumping had a return on equity of 10.66% and a net margin of 8.56%. The business had revenue of $114.89 million during the quarter, compared to the consensus estimate of $102.16 million.

Institutional Investors Weigh In On Concrete Pumping

A number of hedge funds have recently bought and sold shares of the stock. Janney Montgomery Scott LLC raised its position in shares of Concrete Pumping by 5.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 35,278 shares of the company’s stock worth $206,000 after acquiring an additional 1,712 shares in the last quarter. Barclays PLC grew its stake in shares of Concrete Pumping by 47.4% in the 3rd quarter. Barclays PLC now owns 5,982 shares of the company’s stock valued at $39,000 after purchasing an additional 1,925 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Concrete Pumping by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 73,251 shares of the company’s stock valued at $429,000 after purchasing an additional 2,258 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Concrete Pumping by 54.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,536 shares of the company’s stock valued at $40,000 after purchasing an additional 2,295 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Concrete Pumping by 9.2% in the first quarter. Rhumbline Advisers now owns 27,660 shares of the company’s stock valued at $185,000 after buying an additional 2,328 shares in the last quarter. Institutional investors and hedge funds own 35.37% of the company’s stock.

About Concrete Pumping

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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.