Concrete Pumping (NASDAQ:BBCP) Posts Earnings Results, Misses Expectations By $0.05 EPS

Concrete Pumping (NASDAQ:BBCP) issued its quarterly earnings data on Tuesday. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05), MarketWatch Earnings reports. Concrete Pumping had a positive return on equity of 1.17% and a negative net margin of 6.76%. During the same period in the previous year, the firm earned ($0.05) EPS.

Shares of BBCP stock opened at $8.18 on Thursday. The stock’s 50-day simple moving average is $8.49 and its 200-day simple moving average is $8.48. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.62 and a current ratio of 1.73. The firm has a market capitalization of $462.91 million, a PE ratio of -19.02 and a beta of 1.12. Concrete Pumping has a fifty-two week low of $4.58 and a fifty-two week high of $9.70.

Several research analysts recently issued reports on BBCP shares. Zacks Investment Research lowered Concrete Pumping from a “hold” rating to a “sell” rating in a research report on Tuesday, October 19th. TheStreet raised Concrete Pumping from a “d” rating to a “c-” rating in a research report on Wednesday, November 3rd. One analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $9.19.

Several hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC increased its holdings in shares of Concrete Pumping by 5.9% in the second quarter. Citadel Advisors LLC now owns 44,071 shares of the company’s stock valued at $373,000 after purchasing an additional 2,471 shares during the period. BNP Paribas Arbitrage SA boosted its position in Concrete Pumping by 91.7% during the third quarter. BNP Paribas Arbitrage SA now owns 7,142 shares of the company’s stock worth $61,000 after purchasing an additional 3,417 shares in the last quarter. Bank of America Corp DE boosted its position in Concrete Pumping by 11.6% during the second quarter. Bank of America Corp DE now owns 39,067 shares of the company’s stock worth $331,000 after purchasing an additional 4,046 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Concrete Pumping by 8.7% during the third quarter. Bank of New York Mellon Corp now owns 69,518 shares of the company’s stock worth $593,000 after purchasing an additional 5,588 shares in the last quarter. Finally, Morgan Stanley boosted its position in Concrete Pumping by 55.2% during the first quarter. Morgan Stanley now owns 31,011 shares of the company’s stock worth $229,000 after purchasing an additional 11,026 shares in the last quarter. 34.37% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History for Concrete Pumping (NASDAQ:BBCP)

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