Concrete Pumping (NASDAQ:BBCP) Announces Quarterly Earnings Results

Concrete Pumping (NASDAQ:BBCPGet Free Report) announced its quarterly earnings data on Thursday. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.02), Briefing.com reports. Concrete Pumping had a net margin of 4.81% and a return on equity of 7.76%. The firm had revenue of $107.06 million for the quarter, compared to the consensus estimate of $112.97 million. During the same period last year, the company posted $0.09 earnings per share. Concrete Pumping’s revenue for the quarter was down .7% on a year-over-year basis. Concrete Pumping updated its FY 2024 guidance to EPS.

Concrete Pumping Price Performance

Concrete Pumping stock opened at $5.98 on Friday. Concrete Pumping has a one year low of $5.98 and a one year high of $9.15. The business has a fifty day moving average price of $7.07 and a 200-day moving average price of $7.65. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.10 and a quick ratio of 1.01. The firm has a market capitalization of $322.14 million, a P/E ratio of 21.51 and a beta of 1.10.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BBCP. William Blair lowered Concrete Pumping from an “outperform” rating to a “market perform” rating in a report on Friday. Stifel Nicolaus reduced their price objective on Concrete Pumping from $9.00 to $8.00 and set a “buy” rating for the company in a report on Friday.

Check Out Our Latest Analysis on BBCP

Insider Transactions at Concrete Pumping

In other news, CEO Bruce F. Young sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $7.00, for a total value of $35,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,040,753 shares of the company’s stock, valued at $14,285,271. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 27.40% of the company’s stock.

Concrete Pumping Company Profile

(Get Free Report)

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 Capital Pumping brands; and industrial cleanup and containment services primarily to customers in the construction industry under the Eco-Pan brand.

Further Reading

Earnings History for Concrete Pumping (NASDAQ:BBCP)

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