Continental Building Products Inc (CBPX) Expected to Post Quarterly Sales of $125.19 Million

Wall Street brokerages expect Continental Building Products Inc (NYSE:CBPX) to report sales of $125.19 million for the current quarter, Zacks reports. Three analysts have provided estimates for Continental Building Products’ earnings. The lowest sales estimate is $124.30 million and the highest is $125.90 million. Continental Building Products posted sales of $118.22 million during the same quarter last year, which would indicate a positive year over year growth rate of 5.9%. The business is scheduled to issue its next earnings report on Thursday, February 22nd.

On average, analysts expect that Continental Building Products will report full year sales of $125.19 million for the current fiscal year, with estimates ranging from $482.10 million to $489.47 million. For the next financial year, analysts anticipate that the business will report sales of $516.42 million per share, with estimates ranging from $506.60 million to $524.60 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Continental Building Products.

Continental Building Products (NYSE:CBPX) last released its quarterly earnings data on Thursday, November 9th. The construction company reported $0.29 EPS for the quarter, hitting analysts’ consensus estimates of $0.29. The company had revenue of $116.50 million during the quarter, compared to the consensus estimate of $121.08 million. Continental Building Products had a net margin of 10.13% and a return on equity of 15.80%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the firm earned $0.25 EPS.

A number of equities analysts have recently commented on CBPX shares. BidaskClub raised shares of Continental Building Products from a “sell” rating to a “hold” rating in a report on Saturday, September 2nd. SunTrust Banks reiterated a “buy” rating and set a $30.00 target price on shares of Continental Building Products in a research report on Monday, October 2nd. Barclays increased their target price on shares of Continental Building Products from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, November 10th. Royal Bank of Canada reiterated a “buy” rating and set a $30.00 target price on shares of Continental Building Products in a research report on Wednesday, November 15th. Finally, Zacks Investment Research upgraded shares of Continental Building Products from a “sell” rating to a “hold” rating in a research report on Thursday, November 16th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $28.20.

Continental Building Products (CBPX) opened at $27.20 on Friday. The company has a market cap of $1,033.39, a PE ratio of 22.10 and a beta of 1.28. Continental Building Products has a 1-year low of $21.00 and a 1-year high of $28.50. The company has a current ratio of 3.11, a quick ratio of 2.46 and a debt-to-equity ratio of 0.88.

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Continental Building Products by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 4,224,374 shares of the construction company’s stock worth $98,427,000 after purchasing an additional 81,728 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of Continental Building Products by 9.4% during the 3rd quarter. Macquarie Group Ltd. now owns 2,097,989 shares of the construction company’s stock worth $54,548,000 after purchasing an additional 180,218 shares in the last quarter. Brown Advisory Inc. increased its position in shares of Continental Building Products by 18.2% during the 3rd quarter. Brown Advisory Inc. now owns 1,720,709 shares of the construction company’s stock worth $44,738,000 after purchasing an additional 265,383 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Continental Building Products by 4.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,512,239 shares of the construction company’s stock worth $39,318,000 after purchasing an additional 66,397 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Continental Building Products by 27.1% during the 2nd quarter. Prudential Financial Inc. now owns 1,281,552 shares of the construction company’s stock worth $29,860,000 after purchasing an additional 273,192 shares in the last quarter. Institutional investors and hedge funds own 99.58% of the company’s stock.

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About Continental Building Products

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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Earnings History and Estimates for Continental Building Products (NYSE:CBPX)

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