Concrete Pumping Holdings Inc (NASDAQ:BBCP) Expected to Post Quarterly Sales of $84.28 Million

Equities analysts expect that Concrete Pumping Holdings Inc (NASDAQ:BBCP) will post sales of $84.28 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Concrete Pumping’s earnings. The lowest sales estimate is $83.97 million and the highest is $85.01 million. 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 sales of $283.32 million for the current financial year, with estimates ranging from $282.98 million to $284.01 million. For the next financial year, analysts anticipate that the business will post sales of $325.32 million, with estimates ranging from $318.00 million to $335.26 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Concrete Pumping.

Concrete Pumping (NASDAQ:BBCP) last issued its quarterly earnings results on Monday, September 16th. The company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.02). The firm had revenue of $78.66 million for the quarter.



BBCP has been the subject of several research reports. ValuEngine raised shares of Concrete Pumping from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. Zacks Investment Research cut shares of Concrete Pumping from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $8.33.

Concrete Pumping stock traded up $0.09 during trading hours on Friday, hitting $3.57. The company had a trading volume of 608 shares, compared to its average volume of 151,615. The firm has a market cap of $196.13 million, a P/E ratio of 1.44 and a beta of 0.58. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.60 and a current ratio of 0.65. Concrete Pumping has a 1 year low of $3.20 and a 1 year high of $15.25. The company has a 50-day moving average price of $4.01 and a two-hundred day moving average price of $5.09.

A number of institutional investors have recently added to or reduced their stakes in BBCP. Bluefin Trading LLC acquired a new position in Concrete Pumping during the 2nd quarter valued at approximately $492,000. Peregrine Capital Management LLC purchased a new stake in Concrete Pumping during the second quarter worth $2,629,000. Sterling Capital Management LLC purchased a new stake in Concrete Pumping during the second quarter worth $414,000. Shaolin Capital Management LLC purchased a new stake in Concrete Pumping during the second quarter worth $832,000. Finally, Myriad Asset Management Ltd. purchased a new stake in Concrete Pumping during the second quarter worth $215,000. 27.55% of the stock is owned by institutional investors.

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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