Analysts predict that Concrete Pumping Holdings Inc (NASDAQ:BBCP) will post earnings per share of $0.04 for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Concrete Pumping’s earnings. The highest EPS estimate is $0.09 and the lowest is $0.01. The company is scheduled to report its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Concrete Pumping will report full year earnings of ($0.76) per share for the current year, with EPS estimates ranging from ($0.77) to ($0.74). For the next fiscal year, analysts forecast that the company will report earnings of $0.17 per share, with EPS estimates ranging from $0.06 to $0.31. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that follow Concrete Pumping.
Concrete Pumping (NASDAQ:BBCP) last issued its quarterly earnings results on Monday, September 16th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The firm had revenue of $78.66 million during the quarter.
A number of analysts have recently commented on BBCP shares. ValuEngine raised Concrete Pumping from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. Zacks Investment Research cut Concrete Pumping from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $8.33.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers purchased a new position in Concrete Pumping in the 3rd quarter worth approximately $53,000. US Bancorp DE purchased a new position in Concrete Pumping in the 2nd quarter worth approximately $114,000. Charles Schwab Investment Management Inc. purchased a new position in Concrete Pumping in the 2nd quarter worth approximately $118,000. Jane Street Group LLC purchased a new position in Concrete Pumping in the 2nd quarter worth approximately $124,000. Finally, Wells Fargo & Company MN purchased a new position in Concrete Pumping in the 2nd quarter worth approximately $153,000. Institutional investors own 27.38% of the company’s stock.
Shares of BBCP opened at $3.32 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.65 and a quick ratio of 0.60. The business’s 50 day moving average price is $3.74 and its 200-day moving average price is $4.65. Concrete Pumping has a 52 week low of $3.20 and a 52 week high of $15.25.
Concrete Pumping Company Profile
Concrete Pumping Holdings, Inc provides concrete pumping and concrete waste management services. The company offers concrete pumping services under the Brundage-Bone brand and concrete waste management services under the Eco-Pan brand in the United States; and concrete pumping services under the Camfaud brand in the United Kingdom.
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