Q2 2018 EPS Estimates for Continental Building Products Inc (CBPX) Raised by Analyst

Continental Building Products Inc (NYSE:CBPX) – SunTrust Banks lifted their Q2 2018 earnings estimates for Continental Building Products in a note issued to investors on Thursday. SunTrust Banks analyst K. Hughes now forecasts that the construction company will post earnings per share of $0.44 for the quarter, up from their prior estimate of $0.41. SunTrust Banks currently has a “Hold” rating on the stock. SunTrust Banks also issued estimates for Continental Building Products’ Q3 2018 earnings at $0.39 EPS.

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Continental Building Products (NYSE:CBPX) last released its earnings results on Thursday, February 22nd. The construction company reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.08. The firm had revenue of $131.39 million for the quarter, compared to analyst estimates of $125.40 million. Continental Building Products had a return on equity of 16.58% and a net margin of 12.23%. The company’s revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 EPS.

Several other analysts have also weighed in on CBPX. BidaskClub raised Continental Building Products from a “hold” rating to a “buy” rating in a report on Friday, November 3rd. Barclays lifted their price objective on Continental Building Products from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, November 10th. Royal Bank of Canada reissued a “buy” rating and set a $30.00 price objective on shares of Continental Building Products in a report on Wednesday, November 15th. Zacks Investment Research raised Continental Building Products from a “sell” rating to a “hold” rating in a report on Thursday, November 16th. Finally, Jefferies Group began coverage on Continental Building Products in a report on Tuesday, December 12th. They set a “hold” rating and a $28.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $30.29.

Continental Building Products (NYSE CBPX) traded down $0.40 on Monday, reaching $27.50. The company’s stock had a trading volume of 21,321 shares, compared to its average volume of 240,120. The firm has a market cap of $1,040.86, a price-to-earnings ratio of 17.88 and a beta of 1.20. The company has a debt-to-equity ratio of 0.83, a current ratio of 3.32 and a quick ratio of 2.46. Continental Building Products has a 12-month low of $21.00 and a 12-month high of $31.00.

Continental Building Products declared that its board has approved a stock buyback program on Thursday, February 22nd that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Several large investors have recently made changes to their positions in CBPX. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Continental Building Products by 154.3% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,983 shares of the construction company’s stock worth $112,000 after buying an additional 2,417 shares during the period. Citadel Advisors LLC bought a new position in shares of Continental Building Products during the 3rd quarter worth approximately $235,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its position in shares of Continental Building Products by 76.7% during the 3rd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 10,600 shares of the construction company’s stock worth $275,000 after buying an additional 4,600 shares during the period. Minerva Advisors LLC bought a new position in shares of Continental Building Products during the 4th quarter worth approximately $239,000. Finally, Teacher Retirement System of Texas bought a new position in shares of Continental Building Products during the 4th quarter worth approximately $379,000. 99.78% of the stock is currently owned by institutional investors.

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Continental Building Products Company Profile

Continental Building Products, Inc is a manufacturer of gypsum wallboard and complementary finishing products. The Company operates through wallboard segment. Gypsum wallboard is a primary building material used in residential and commercial construction and in repair and remodel (R&R). It offers customers a range of gypsum wallboard products, including LiftLite, its lightweight product designed to lift and install; its Mold Defense line of products designed for protection against mold and mildew, and its Weather Defense line of moisture and mold-resistant exterior sheathing.

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