Brokers Issue Forecasts for Concrete Pumping Holdings, Inc.’s Q1 2023 Earnings (NASDAQ:BBCP)

Concrete Pumping Holdings, Inc. (NASDAQ:BBCPGet Rating) – Analysts at DA Davidson issued their Q1 2023 earnings estimates for Concrete Pumping in a report issued on Tuesday, January 24th. DA Davidson analyst B. Thielman expects that the company will earn $0.04 per share for the quarter. The consensus estimate for Concrete Pumping’s current full-year earnings is $0.43 per share. DA Davidson also issued estimates for Concrete Pumping’s FY2023 earnings at $0.49 EPS.

Concrete Pumping (NASDAQ:BBCPGet Rating) last released its quarterly earnings results on Monday, January 23rd. The company reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. Concrete Pumping had a net margin of 7.42% and a return on equity of 8.91%. The business had revenue of $114.89 million for the quarter, compared to the consensus estimate of $102.16 million.

Several other research analysts also recently weighed in on the stock. Robert W. Baird increased their price target on shares of Concrete Pumping from $7.00 to $7.50 and gave the stock an “outperform” rating in a research report on Tuesday. TheStreet downgraded shares of Concrete Pumping from a “b-” rating to a “c+” rating in a research report on Tuesday, December 27th.

Concrete Pumping Stock Up 19.5 %

BBCP opened at $7.78 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.94 and a debt-to-equity ratio of 1.34. Concrete Pumping has a 1-year low of $4.64 and a 1-year high of $8.26. The company has a market capitalization of $440.35 million, a PE ratio of 19.45 and a beta of 0.95. The firm’s 50 day simple moving average is $6.50 and its two-hundred day simple moving average is $6.65.

Institutional Trading of Concrete Pumping

Hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC increased its stake in shares of Concrete Pumping by 47.4% in the third quarter. Barclays PLC now owns 5,982 shares of the company’s stock worth $39,000 after purchasing an additional 1,925 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Concrete Pumping by 54.1% in the second quarter. BNP Paribas Arbitrage SA now owns 6,536 shares of the company’s stock worth $40,000 after purchasing an additional 2,295 shares in the last quarter. Ritholtz Wealth Management purchased a new stake in shares of Concrete Pumping in the third quarter worth $76,000. Group One Trading L.P. purchased a new stake in shares of Concrete Pumping in the third quarter worth $76,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Concrete Pumping in the second quarter worth $79,000. 35.37% of the stock is owned by hedge funds and other institutional investors.

Concrete Pumping Company Profile

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Concrete Pumping Holdings, Inc provides concrete pumping and waste management services in the United States and the United Kingdom. The company offers concrete pumping services to general contractors and concrete finishing companies in the commercial, infrastructure, and residential sectors under the Brundage-Bone and Camfaud brands; and industrial cleanup and containment services primarily to customers in the construction industry under the Eco-Pan brand.

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