Concrete Pumping (NASDAQ:BBCP) Releases Earnings Results, Misses Estimates By $0.05 EPS

Concrete Pumping (NASDAQ:BBCP) announced its earnings results 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 company posted ($0.05) earnings per share.

Shares of NASDAQ BBCP traded up $0.44 on Thursday, reaching $8.62. 2,044 shares of the company’s stock traded hands, compared to its average volume of 97,895. Concrete Pumping has a 12 month low of $4.58 and a 12 month high of $9.70. The business’s 50 day simple moving average is $8.49 and its two-hundred day simple moving average is $8.48. The company has a market cap of $487.81 million, a price-to-earnings ratio of -20.00 and a beta of 1.12. The company has a quick ratio of 1.62, a current ratio of 1.73 and a debt-to-equity ratio of 1.42.

Several equities analysts recently commented on the company. Zacks Investment Research downgraded Concrete Pumping from a “hold” rating to a “sell” rating in a research note on Tuesday, October 19th. TheStreet upgraded Concrete Pumping from a “d” rating to a “c-” rating in a research note on Wednesday, November 3rd. One investment analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $9.19.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC grew its position in Concrete Pumping by 71.9% in the 3rd quarter. Citadel Advisors LLC now owns 75,760 shares of the company’s stock worth $647,000 after purchasing an additional 31,689 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Concrete Pumping by 8.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 69,518 shares of the company’s stock valued at $593,000 after buying an additional 5,588 shares in the last quarter. Morgan Stanley lifted its stake in shares of Concrete Pumping by 84.4% during the 2nd quarter. Morgan Stanley now owns 57,183 shares of the company’s stock valued at $485,000 after buying an additional 26,172 shares in the last quarter. Bank of America Corp DE increased its holdings in Concrete Pumping by 11.6% in the 2nd quarter. Bank of America Corp DE now owns 39,067 shares of the company’s stock valued at $331,000 after acquiring an additional 4,046 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Concrete Pumping by 91.7% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 7,142 shares of the company’s stock worth $61,000 after buying an additional 3,417 shares during the last quarter. 34.37% of the stock is owned by institutional investors.

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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