$0.04 EPS Expected for Concrete Pumping Holdings Inc (NASDAQ:BBCP) This Quarter

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Brokerages expect Concrete Pumping Holdings Inc (NASDAQ:BBCP) to announce earnings of $0.04 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Concrete Pumping’s earnings, with the lowest EPS estimate coming in at $0.01 and the highest estimate coming in at $0.09. The business is scheduled to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Concrete Pumping will report full-year earnings of ($0.76) per share for the current financial year, with EPS estimates ranging from ($0.77) to ($0.74). For the next year, analysts forecast that the company will post earnings of $0.17 per share, with EPS estimates ranging from $0.06 to $0.31. Zacks’ EPS averages are an average based on a survey of analysts that cover Concrete Pumping.

Concrete Pumping (NASDAQ:BBCP) last released its earnings results on Monday, September 16th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). The company had revenue of $78.66 million for the quarter.

A number of research firms have recently issued reports on BBCP. ValuEngine upgraded shares of Concrete Pumping from a “hold” rating to a “buy” rating in a report on Wednesday, September 4th. Zacks Investment Research lowered shares of Concrete Pumping from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $8.33.

Several hedge funds have recently added to or reduced their stakes in BBCP. Highbridge Capital Management LLC acquired a new stake in shares of Concrete Pumping during the second quarter valued at approximately $6,218,000. Vanguard Group Inc. raised its holdings in shares of Concrete Pumping by 877.6% during the second quarter. Vanguard Group Inc. now owns 1,331,311 shares of the company’s stock valued at $6,816,000 after acquiring an additional 1,195,136 shares during the period. BlackRock Inc. acquired a new stake in shares of Concrete Pumping during the second quarter valued at approximately $2,798,000. Peregrine Capital Management LLC acquired a new stake in shares of Concrete Pumping during the second quarter valued at approximately $2,629,000. Finally, Shaolin Capital Management LLC acquired a new stake in shares of Concrete Pumping during the second quarter valued at approximately $832,000. Institutional investors and hedge funds own 27.55% of the company’s stock.

BBCP stock opened at $3.37 on Friday. Concrete Pumping has a 12 month low of $3.20 and a 12 month high of $15.25. The firm has a market cap of $206.61 million, a PE ratio of 1.36 and a beta of 0.58. The firm has a 50 day simple moving average of $4.02 and a 200 day simple moving average of $5.16. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.65 and a quick ratio of 0.60.

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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