Brokerages Anticipate Continental Building Products Inc (NYSE:CBPX) Will Announce Earnings of $0.42 Per Share

Equities analysts expect Continental Building Products Inc (NYSE:CBPX) to post earnings per share of $0.42 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Continental Building Products’ earnings, with the highest EPS estimate coming in at $0.46 and the lowest estimate coming in at $0.40. Continental Building Products posted earnings of $0.56 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 25%. The firm is expected to report its next quarterly earnings results on Thursday, February 20th.

According to Zacks, analysts expect that Continental Building Products will report full year earnings of $1.66 per share for the current fiscal year, with EPS estimates ranging from $1.60 to $1.75. For the next year, analysts expect that the company will report earnings of $1.79 per share, with EPS estimates ranging from $1.69 to $1.98. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Continental Building Products.

Continental Building Products (NYSE:CBPX) last issued its earnings results on Tuesday, November 12th. The construction company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. The company had revenue of $127.40 million for the quarter, compared to analyst estimates of $127.16 million. Continental Building Products had a net margin of 12.12% and a return on equity of 18.84%. The business’s revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 EPS.

Several research analysts have recently issued reports on CBPX shares. ValuEngine raised Continental Building Products from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Exane BNP Paribas initiated coverage on shares of Continental Building Products in a research note on Wednesday, October 9th. They issued an “outperform” rating for the company. BNP Paribas initiated coverage on shares of Continental Building Products in a research note on Wednesday, October 9th. They issued an “outperform” rating for the company. Zacks Investment Research raised shares of Continental Building Products from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Friday. Finally, Barclays downgraded shares of Continental Building Products to a “hold” rating and set a $37.00 price objective for the company. in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $36.00.

Shares of NYSE:CBPX traded up $0.18 during midday trading on Wednesday, hitting $36.44. 1,360,734 shares of the stock were exchanged, compared to its average volume of 935,424. The stock has a market cap of $1.25 billion, a P/E ratio of 18.04, a PEG ratio of 4.31 and a beta of 1.32. The company has a current ratio of 4.56, a quick ratio of 3.65 and a debt-to-equity ratio of 0.75. Continental Building Products has a twelve month low of $21.35 and a twelve month high of $36.50. The company has a 50 day moving average price of $29.22 and a 200-day moving average price of $26.06.

Several institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in shares of Continental Building Products during the 2nd quarter valued at approximately $49,000. Aperio Group LLC acquired a new stake in shares of Continental Building Products during the 2nd quarter valued at approximately $76,000. Tower Research Capital LLC TRC acquired a new stake in shares of Continental Building Products during the 3rd quarter valued at approximately $123,000. First Mercantile Trust Co. raised its position in shares of Continental Building Products by 8.1% during the 3rd quarter. First Mercantile Trust Co. now owns 4,583 shares of the construction company’s stock valued at $125,000 after acquiring an additional 343 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System acquired a new stake in shares of Continental Building Products during the 2nd quarter valued at approximately $206,000. Institutional investors own 98.66% of the company’s stock.

About Continental Building Products

Continental Building Products, Inc manufactures and sells gypsum wallboard and complementary finishing products in the eastern United States and eastern Canada. The company sells its products to gypsum wallboard distributors, buying groups, wholesalers, and mass merchants in the new residential, repair and remodel, and commercial construction markets under the LiftLite, Mold Defense, and Weather Defense brand names.

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