Wall Street analysts forecast that Concrete Pumping Holdings Inc (NASDAQ:BBCP) will report $84.38 million in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Concrete Pumping’s earnings, with the highest sales estimate coming in at $85.01 million and the lowest estimate coming in at $83.97 million. The business is expected to issue its next quarterly earnings results after the market closes on Tuesday, January 14th.
On average, analysts expect that Concrete Pumping will report full year sales of $283.45 million for the current fiscal year, with estimates ranging from $282.98 million to $284.01 million. For the next year, analysts forecast that the business will post sales of $322.71 million, with estimates ranging from $317.70 million to $327.92 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Concrete Pumping.
BBCP has been the subject of a number of analyst reports. B. Riley reiterated a “buy” rating and set a $7.00 price target on shares of Concrete Pumping in a research note on Friday, November 22nd. ValuEngine raised Concrete Pumping from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. Finally, Zacks Investment Research lowered Concrete Pumping from a “hold” rating to a “sell” rating in a report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $7.08.
Shares of BBCP traded up $0.03 on Friday, reaching $5.23. The company’s stock had a trading volume of 114,599 shares, compared to its average volume of 68,776. The company has a current ratio of 0.65, a quick ratio of 0.60 and a debt-to-equity ratio of 1.16. Concrete Pumping has a twelve month low of $3.16 and a twelve month high of $12.73. The stock has a market capitalization of $302.64 million, a PE ratio of 2.12 and a beta of 0.86. The firm has a fifty day moving average of $4.97 and a 200-day moving average of $4.26.
A number of institutional investors and hedge funds have recently bought and sold shares of BBCP. Wells Fargo & Company MN purchased a new stake in shares of Concrete Pumping in the second quarter valued at about $153,000. Charles Schwab Investment Management Inc. bought a new stake in Concrete Pumping in the 2nd quarter worth about $118,000. Bank of New York Mellon Corp bought a new stake in Concrete Pumping in the 2nd quarter worth about $161,000. Northern Trust Corp bought a new stake in Concrete Pumping in the 2nd quarter worth about $478,000. Finally, US Bancorp DE purchased a new stake in Concrete Pumping in the 2nd quarter valued at about $114,000. 26.39% of the stock is currently owned by hedge funds and other institutional investors.
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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