Concrete Pumping (NASDAQ:BBCP) Posts Quarterly Earnings Results, Misses Expectations By $0.10 EPS

Concrete Pumping (NASDAQ:BBCP) released its earnings results on Monday. The company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.10), MarketWatch Earnings reports. Concrete Pumping had a negative return on equity of 1.04% and a negative net margin of 18.81%.

Shares of Concrete Pumping stock traded up $0.45 on Wednesday, hitting $5.00. 13,184 shares of the company traded hands, compared to its average volume of 302,234. The stock’s 50 day moving average price is $3.71 and its 200-day moving average price is $3.72. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 1.29. Concrete Pumping has a 52 week low of $1.82 and a 52 week high of $6.10. The company has a market cap of $291 million, a PE ratio of -4.30 and a beta of 1.24.

BBCP has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Concrete Pumping from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 22nd. Robert W. Baird upgraded shares of Concrete Pumping from a “neutral” rating to an “outperform” rating and set a $5.00 target price for the company in a report on Tuesday, January 5th. DA Davidson upgraded shares of Concrete Pumping from a “neutral” rating to a “buy” rating and set a $5.00 target price for the company in a report on Monday, December 14th. BidaskClub raised shares of Concrete Pumping from a “hold” rating to a “buy” rating in a research note on Thursday, January 7th. Finally, ValuEngine raised shares of Concrete Pumping from a “hold” rating to a “buy” rating in a research note on Saturday, November 21st. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Concrete Pumping currently has a consensus rating of “Buy” and an average target price of $5.04.

About Concrete Pumping

Concrete Pumping Holdings, Inc provides concrete pumping and waste management services in the United States and the United Kingdom. The company offers concrete pumping services to general contractors and concrete finishing companies in the commercial, infrastructure, and residential sectors under the Brundage-Bone and Camfaud brands; and industrial cleanup and containment services primarily to customers in the construction industry under the Eco-Pan brand.

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Earnings History for Concrete Pumping (NASDAQ:BBCP)

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