Equities research analysts predict that Concrete Pumping Holdings Inc (NASDAQ:BBCP) will report sales of $84.28 million for the current quarter, Zacks reports. Four analysts have provided 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 firm is expected to announce its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Concrete Pumping will report full year sales of $283.32 million for the current fiscal year, with estimates ranging from $282.98 million to $284.01 million. For the next year, analysts expect that the company will report sales of $325.32 million, with estimates ranging from $318.00 million to $335.26 million. Zacks’ sales calculations are an average based on a survey of research firms that follow Concrete Pumping.
Concrete Pumping (NASDAQ:BBCP) last posted its quarterly earnings data on Monday, September 16th. The company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.02). The firm had revenue of $78.66 million during the quarter.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Concrete Pumping by 877.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,331,311 shares of the company’s stock worth $6,816,000 after purchasing an additional 1,195,136 shares during the period. Highbridge Capital Management LLC purchased a new stake in Concrete Pumping during the second quarter valued at approximately $6,218,000. BlackRock Inc. purchased a new stake in Concrete Pumping during the second quarter valued at approximately $2,798,000. Peregrine Capital Management LLC purchased a new stake in Concrete Pumping during the second quarter valued at approximately $2,629,000. Finally, Shaolin Capital Management LLC purchased a new stake in Concrete Pumping during the second quarter valued at approximately $832,000. 27.55% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ BBCP traded up $0.09 during mid-day trading on Friday, hitting $3.57. 608 shares of the company were exchanged, compared to its average volume of 151,615. The company has a quick ratio of 0.60, a current ratio of 0.65 and a debt-to-equity ratio of 1.16. The stock has a 50 day simple moving average of $4.01 and a 200-day simple moving average of $5.09. Concrete Pumping has a 1-year low of $3.20 and a 1-year high of $15.25. The firm has a market cap of $196.13 million, a price-to-earnings ratio of 1.44 and a beta of 0.58.
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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