$124.29 Million in Sales Expected for Continental Building Products, Inc. (CBPX) This Quarter
Equities research analysts predict that Continental Building Products, Inc. (NYSE:CBPX) will report sales of $124.29 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Continental Building Products’ earnings, with the lowest sales estimate coming in at $122.58 million and the highest estimate coming in at $126.00 million. Continental Building Products reported sales of $114.56 million in the same quarter last year, which would suggest a positive year over year growth rate of 8.5%. The company is expected to issue its next quarterly earnings results on Monday, November 6th.
According to Zacks, analysts expect that Continental Building Products will report full year sales of $124.29 million for the current year, with estimates ranging from $472.48 million to $505.50 million. For the next financial year, analysts forecast that the firm will report sales of $522.38 million per share, with estimates ranging from $497.20 million to $540.90 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Continental Building Products.
Continental Building Products (NYSE:CBPX) last announced its earnings results on Thursday, August 3rd. The construction company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.03. Continental Building Products had a return on equity of 15.43% and a net margin of 9.16%. The company had revenue of $120.60 million during the quarter, compared to the consensus estimate of $127.60 million. During the same period in the prior year, the firm posted $0.31 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis.
CBPX has been the subject of a number of research reports. Zacks Investment Research lowered shares of Continental Building Products from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. Royal Bank Of Canada reiterated a “buy” rating on shares of Continental Building Products in a report on Friday, May 5th. Finally, BidaskClub upgraded shares of Continental Building Products from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Continental Building Products presently has a consensus rating of “Hold” and a consensus target price of $25.25.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. purchased a new position in Continental Building Products during the second quarter valued at about $100,000. BNP Paribas Arbitrage SA raised its position in Continental Building Products by 128.9% in the second quarter. BNP Paribas Arbitrage SA now owns 5,645 shares of the construction company’s stock valued at $132,000 after buying an additional 3,179 shares during the last quarter. First Mercantile Trust Co. raised its position in Continental Building Products by 1.8% in the second quarter. First Mercantile Trust Co. now owns 6,230 shares of the construction company’s stock valued at $145,000 after buying an additional 110 shares during the last quarter. SG Americas Securities LLC raised its position in Continental Building Products by 26.7% in the first quarter. SG Americas Securities LLC now owns 8,340 shares of the construction company’s stock valued at $204,000 after buying an additional 1,759 shares during the last quarter. Finally, Legal & General Group Plc raised its position in Continental Building Products by 9.5% in the second quarter. Legal & General Group Plc now owns 9,279 shares of the construction company’s stock valued at $216,000 after buying an additional 802 shares during the last quarter. Hedge funds and other institutional investors own 95.58% of the company’s stock.
Continental Building Products (CBPX) opened at 23.25 on Monday. Continental Building Products has a 52 week low of $18.35 and a 52 week high of $26.52. The firm has a 50 day moving average of $22.84 and a 200-day moving average of $23.94. The company has a market capitalization of $911.87 million, a P/E ratio of 21.35 and a beta of 1.28.
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Continental Building Products Company Profile
Continental Building Products, Inc is a manufacturer of gypsum wallboard and complementary finishing products. The Company operates through wallboard segment. Gypsum wallboard is a primary building material used in residential and commercial construction and in repair and remodel (R&R). It offers customers a range of gypsum wallboard products, including LiftLite, its lightweight product designed to lift and install; its Mold Defense line of products designed for protection against mold and mildew, and its Weather Defense line of moisture and mold-resistant exterior sheathing.
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