Brokerages Anticipate Continental Building Products Inc (CBPX) Will Post Earnings of $0.36 Per Share

Wall Street brokerages expect Continental Building Products Inc (NYSE:CBPX) to report earnings of $0.36 per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Continental Building Products’ earnings. The highest EPS estimate is $0.41 and the lowest is $0.31. Continental Building Products reported earnings of $0.32 per share in the same quarter last year, which suggests a positive year over year growth rate of 12.5%. The firm is expected to report its next quarterly earnings results on Thursday, May 3rd.

On average, analysts expect that Continental Building Products will report full-year earnings of $1.77 per share for the current financial year, with EPS estimates ranging from $1.65 to $1.96. For the next financial year, analysts anticipate that the firm will report earnings of $2.10 per share, with EPS estimates ranging from $1.90 to $2.38. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Continental Building Products.

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

Several research analysts recently weighed in on the stock. Raymond James Financial assumed coverage on shares of Continental Building Products in a report on Tuesday, March 13th. They set a “market perform” rating on the stock. Citigroup decreased their price target on shares of Continental Building Products from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday, February 27th. Deutsche Bank increased their price target on shares of Continental Building Products from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Tuesday, February 27th. Zacks Investment Research upgraded shares of Continental Building Products from a “hold” rating to a “strong-buy” rating and set a $31.00 price target for the company in a research note on Tuesday, February 13th. Finally, SunTrust Banks lowered shares of Continental Building Products from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $30.29.

Large investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP bought a new stake in Continental Building Products in the third quarter worth $1,465,000. California Public Employees Retirement System lifted its stake in Continental Building Products by 35.9% in the third quarter. California Public Employees Retirement System now owns 40,782 shares of the construction company’s stock worth $1,060,000 after acquiring an additional 10,782 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Continental Building Products in the third quarter worth about $2,625,000. Trexquant Investment LP purchased a new stake in Continental Building Products in the third quarter worth about $351,000. Finally, Nationwide Fund Advisors lifted its stake in Continental Building Products by 6.9% in the third quarter. Nationwide Fund Advisors now owns 75,132 shares of the construction company’s stock worth $1,953,000 after acquiring an additional 4,819 shares during the period.

Continental Building Products stock remained flat at $$26.85 during trading on Friday. The stock had a trading volume of 238,578 shares, compared to its average volume of 241,237. Continental Building Products has a 52-week low of $21.00 and a 52-week high of $31.00. The firm has a market capitalization of $1,005.29, a PE ratio of 17.21 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 2.76.

Continental Building Products announced that its board has authorized a share repurchase plan on Thursday, February 22nd that permits the company to buyback $100.00 million in shares. This buyback authorization permits the construction company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

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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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