FY2025 EPS Estimate for CONCRETE PUMPING Boosted by Analyst

CONCRETE PUMPING HOLDINGS, INC. (NASDAQ:BBCP) – Equities researchers at DA Davidson upped their FY2025 earnings per share (EPS) estimates for shares of CONCRETE PUMPING in a report issued on Monday, September 8th. DA Davidson analyst B. Thielman now anticipates that the company will post earnings of $0.07 per share for the year, up from their previous forecast of $0.04. DA Davidson has a “Buy” rating and a $8.50 price objective on the stock. The consensus estimate for CONCRETE PUMPING’s current full-year earnings is $0.43 per share.

CONCRETE PUMPING (NASDAQ:BBCP) last issued its quarterly earnings results on Thursday, September 4th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. The company had revenue of $103.68 million for the quarter, compared to the consensus estimate of $99.76 million. CONCRETE PUMPING had a return on equity of 4.19% and a net margin of 2.65%.During the same period in the previous year, the business posted $0.13 EPS. CONCRETE PUMPING has set its FY 2025 guidance at EPS.

A number of other research firms have also recently issued reports on BBCP. Zacks Research upgraded CONCRETE PUMPING to a “hold” rating in a research report on Tuesday, August 12th. Robert W. Baird boosted their price objective on CONCRETE PUMPING from $6.00 to $6.50 and gave the company a “neutral” rating in a research report on Friday, September 5th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, CONCRETE PUMPING presently has an average rating of “Hold” and a consensus price target of $7.50.

CONCRETE PUMPING Stock Performance

BBCP opened at $7.11 on Wednesday. The stock has a market cap of $369.93 million, a PE ratio of 44.44 and a beta of 1.13. The company has a current ratio of 1.75, a quick ratio of 1.64 and a debt-to-equity ratio of 1.60. CONCRETE PUMPING has a 1 year low of $4.78 and a 1 year high of $9.68. The stock’s 50 day simple moving average is $6.91 and its 200-day simple moving average is $6.45.

CONCRETE PUMPING announced that its board has approved a share repurchase plan on Thursday, June 5th that authorizes the company to repurchase $15.00 million in shares. This repurchase authorization authorizes the company to buy up to 4.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On CONCRETE PUMPING

Institutional investors have recently bought and sold shares of the business. Jennison Associates LLC raised its position in shares of CONCRETE PUMPING by 7.3% during the second quarter. Jennison Associates LLC now owns 1,510,735 shares of the company’s stock worth $9,291,000 after acquiring an additional 103,022 shares during the last quarter. Invesco Ltd. raised its position in shares of CONCRETE PUMPING by 3.8% during the first quarter. Invesco Ltd. now owns 618,525 shares of the company’s stock worth $3,377,000 after acquiring an additional 22,495 shares during the last quarter. Bridgeway Capital Management LLC raised its position in shares of CONCRETE PUMPING by 0.9% during the second quarter. Bridgeway Capital Management LLC now owns 589,961 shares of the company’s stock worth $3,628,000 after acquiring an additional 5,224 shares during the last quarter. Seven Six Capital Management LLC raised its position in shares of CONCRETE PUMPING by 4.2% during the first quarter. Seven Six Capital Management LLC now owns 547,359 shares of the company’s stock worth $2,989,000 after acquiring an additional 21,852 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its position in shares of CONCRETE PUMPING by 17.3% during the second quarter. First Eagle Investment Management LLC now owns 419,905 shares of the company’s stock worth $2,582,000 after acquiring an additional 61,943 shares during the last quarter. Institutional investors own 34.20% of the company’s stock.

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 Capital Pumping brands; and industrial cleanup and containment services primarily to customers in the construction industry under the Eco-Pan brand.