FY2021 EPS Estimates for Concrete Pumping Holdings, Inc. Boosted by Analyst (NASDAQ:BBCP)

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) – Stock analysts at William Blair raised their FY2021 EPS estimates for shares of Concrete Pumping in a report released on Monday, June 7th. William Blair analyst T. Mulrooney now anticipates that the company will earn $0.53 per share for the year, up from their prior forecast of $0.26.

Other research analysts have also recently issued research reports about the stock. Robert W. Baird reissued a “buy” rating and set a $10.00 target price on shares of Concrete Pumping in a report on Thursday. Zacks Investment Research cut shares of Concrete Pumping from a “hold” rating to a “sell” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $6.95.

NASDAQ BBCP opened at $8.35 on Thursday. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 1.38. The business has a fifty day moving average of $7.87. Concrete Pumping has a 12-month low of $2.82 and a 12-month high of $8.97. The stock has a market capitalization of $471.52 million, a PE ratio of -6.05 and a beta of 1.22.

Concrete Pumping (NASDAQ:BBCP) last posted its quarterly earnings results on Wednesday, March 10th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.19). The company had revenue of $70.42 million during the quarter, compared to analysts’ expectations of $68.02 million. Concrete Pumping had a negative return on equity of 0.97% and a negative net margin of 23.45%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its position in shares of Concrete Pumping by 2.1% in the first quarter. Bank of New York Mellon Corp now owns 68,888 shares of the company’s stock valued at $510,000 after purchasing an additional 1,421 shares during the period. Squarepoint Ops LLC raised its stake in shares of Concrete Pumping by 6.7% in the 1st quarter. Squarepoint Ops LLC now owns 45,447 shares of the company’s stock valued at $337,000 after acquiring an additional 2,843 shares during the period. UBS Group AG raised its stake 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 valued at $43,000 after acquiring an additional 3,172 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Concrete Pumping by 32.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 13,850 shares of the company’s stock valued at $103,000 after acquiring an additional 3,419 shares during the period. Finally, Nuveen Asset Management LLC increased its stake in Concrete Pumping by 4.1% during the 1st quarter. Nuveen Asset Management LLC now owns 100,005 shares of the company’s stock worth $741,000 after buying an additional 3,975 shares during the period. Institutional investors and hedge funds own 28.28% of the company’s stock.

Concrete Pumping Company Profile

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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