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

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP – Get Rating) – Analysts at DA Davidson issued their Q2 2023 earnings estimates for shares of Concrete Pumping in a research note issued on Friday, March 10th. DA Davidson analyst B. Thielman forecasts that the company will post earnings per share of $0.09 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.

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

BBCP has been the topic of a number of other reports. TheStreet cut shares of Concrete Pumping from a “b-” rating to a “c+” rating in a research note on Tuesday, December 27th. Robert W. Baird increased their price objective on shares of Concrete Pumping from $7.50 to $8.00 in a research note on Friday.

Concrete Pumping Price Performance

Shares of NASDAQ BBCP opened at $7.25 on Monday. The stock has a market cap of $401.72 million, a price-to-earnings ratio of 12.29 and a beta of 1.08. Concrete Pumping has a 52 week low of $4.64 and a 52 week high of $8.24. The company’s 50-day moving average price is $7.35 and its 200 day moving average price is $6.91. The company has a current ratio of 0.74, a quick ratio of 0.69 and a debt-to-equity ratio of 1.33.

Institutional Investors Weigh In On Concrete Pumping

Several hedge funds have recently modified their holdings of the company. MetLife Investment Management LLC acquired a new stake in shares of Concrete Pumping during the 4th quarter worth about $82,000. Jane Street Group LLC acquired a new stake in shares of Concrete Pumping during the 4th quarter worth about $88,000. State of Wisconsin Investment Board boosted its stake in shares of Concrete Pumping by 91.9% during the 4th quarter. State of Wisconsin Investment Board now owns 43,800 shares of the company’s stock worth $256,000 after purchasing an additional 20,972 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Concrete Pumping by 169.7% during the 4th quarter. Millennium Management LLC now owns 267,086 shares of the company’s stock worth $1,562,000 after purchasing an additional 168,053 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of Concrete Pumping by 163.3% during the 4th quarter. Morgan Stanley now owns 47,467 shares of the company’s stock worth $278,000 after purchasing an additional 29,440 shares during the last quarter. 35.37% of the stock is owned by institutional investors and hedge funds.

Concrete Pumping Company Profile

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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.