Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Expected to Announce Earnings of $0.02 Per Share

Equities analysts forecast that Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) will announce earnings of $0.02 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Concrete Pumping’s earnings. The highest EPS estimate is $0.03 and the lowest is $0.00. Concrete Pumping posted earnings of ($0.08) per share in the same quarter last year, which would indicate a positive year over year growth rate of 125%. The business is scheduled to report its next quarterly earnings results on Tuesday, June 8th.

According to Zacks, analysts expect that Concrete Pumping will report full year earnings of $0.05 per share for the current year, with EPS estimates ranging from $0.02 to $0.09. For the next year, analysts expect that the business will report earnings of $0.43 per share, with EPS estimates ranging from $0.37 to $0.50. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Concrete Pumping.

Concrete Pumping (NASDAQ:BBCP) last announced its quarterly earnings results on Wednesday, March 10th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.19). Concrete Pumping had a negative return on equity of 2.09% and a negative net margin of 20.04%. The company had revenue of $70.42 million for the quarter, compared to the consensus estimate of $68.02 million.

Several research analysts recently weighed in on BBCP shares. Zacks Investment Research cut shares of Concrete Pumping from a “buy” rating to a “hold” rating in a report on Wednesday, May 12th. Robert W. Baird boosted their target price on Concrete Pumping from $8.00 to $9.00 and gave the stock an “outperform” rating in a research note on Thursday, April 22nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $6.50.

A number of hedge funds have recently added to or reduced their stakes in the business. UBS Group AG increased its holdings in shares of Concrete Pumping by 122.2% in the 1st quarter. UBS Group AG now owns 5,768 shares of the company’s stock worth $43,000 after buying an additional 3,172 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in Concrete Pumping by 32.8% in the first quarter. BNP Paribas Arbitrage SA now owns 13,850 shares of the company’s stock worth $103,000 after acquiring an additional 3,419 shares in the last quarter. New York State Common Retirement Fund increased its stake in Concrete Pumping by 508.4% in the first quarter. New York State Common Retirement Fund now owns 15,819 shares of the company’s stock valued at $117,000 after acquiring an additional 13,219 shares during the last quarter. Rhumbline Advisers raised its position in Concrete Pumping by 21.6% during the fourth quarter. Rhumbline Advisers now owns 30,809 shares of the company’s stock valued at $118,000 after purchasing an additional 5,473 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in Concrete Pumping during the first quarter valued at about $137,000. 24.76% of the stock is owned by institutional investors and hedge funds.

NASDAQ BBCP opened at $8.08 on Monday. The company has a fifty day moving average price of $7.60 and a 200-day moving average price of $5.51. The firm has a market cap of $456.27 million, a price-to-earnings ratio of -6.73 and a beta of 1.24. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.96 and a quick ratio of 0.89. Concrete Pumping has a 1 year low of $2.57 and a 1 year high of $8.36.

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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