Concrete Pumping (NASDAQ:BBCP) Issues Quarterly Earnings Results

Concrete Pumping (NASDAQ:BBCP) released its quarterly earnings data on Tuesday. The company reported $0.00 EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.04), Zacks Earnings Dates reports. Concrete Pumping updated its FY 2020
After-Hours guidance to EPS.

Shares of NASDAQ BBCP opened at $5.60 on Wednesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.65 and a quick ratio of 0.60. The stock’s fifty day moving average price is $5.03 and its two-hundred day moving average price is $4.28. Concrete Pumping has a one year low of $3.16 and a one year high of $12.73. The firm has a market cap of $304.38 million, a price-to-earnings ratio of 2.27 and a beta of 0.86.

A number of brokerages recently commented on BBCP. ValuEngine lowered shares of Concrete Pumping from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research downgraded shares of Concrete Pumping from a “hold” rating to a “sell” rating in a research report on Tuesday, December 17th. Finally, B. Riley restated a “buy” rating and set a $7.00 price objective on shares of Concrete Pumping in a report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $7.08.

About Concrete Pumping

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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