Concrete Pumping Holdings Inc (NASDAQ:BBCP) Expected to Post Quarterly Sales of $84.28 Million

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.

Several equities research analysts recently weighed in on BBCP shares. ValuEngine raised Concrete Pumping from a “hold” rating to a “buy” rating in a report on Wednesday, September 4th. Zacks Investment Research downgraded Concrete Pumping from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Concrete Pumping currently has an average rating of “Buy” and an average price target of $8.33.

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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Earnings History and Estimates for Concrete Pumping (NASDAQ:BBCP)

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