Wall Street analysts expect Continental Building Products Inc (NYSE:CBPX) to report $0.32 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have issued estimates for Continental Building Products’ earnings. The highest EPS estimate is $0.34 and the lowest is $0.29. Continental Building Products reported earnings of $0.31 per share in the same quarter last year, which indicates a positive year over year growth rate of 3.2%. The business is scheduled to report its next quarterly earnings report on Thursday, February 22nd.

On average, analysts expect that Continental Building Products will report full-year earnings of $1.24 per share for the current financial year, with EPS estimates ranging from $1.23 to $1.25. For the next financial year, analysts expect that the business will post earnings of $1.51 per share, with EPS estimates ranging from $1.44 to $1.55. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Continental Building Products.

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

Several analysts have weighed in on the stock. Zacks Investment Research raised shares of Continental Building Products from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. SunTrust Banks cut shares of Continental Building Products from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Barclays raised shares of Continental Building Products from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $27.00 to $33.00 in a research note on Friday, January 5th. Royal Bank of Canada reaffirmed a “buy” rating and set a $30.00 price objective on shares of Continental Building Products in a research note on Wednesday, November 15th. Finally, BidaskClub raised shares of Continental Building Products from a “hold” rating to a “buy” rating in a research note on Friday, November 3rd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Continental Building Products currently has an average rating of “Buy” and an average price target of $29.40.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System grew its stake in shares of Continental Building Products by 0.9% during the second quarter. California State Teachers Retirement System now owns 70,036 shares of the construction company’s stock valued at $1,632,000 after purchasing an additional 654 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Continental Building Products by 6.7% during the second quarter. PNC Financial Services Group Inc. now owns 12,800 shares of the construction company’s stock valued at $298,000 after purchasing an additional 800 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Continental Building Products by 9.5% during the second quarter. Legal & General Group Plc now owns 9,279 shares of the construction company’s stock valued at $216,000 after purchasing an additional 802 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Continental Building Products by 11.2% during the second quarter. Principal Financial Group Inc. now owns 10,037 shares of the construction company’s stock valued at $234,000 after purchasing an additional 1,013 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Continental Building Products by 12.5% during the second quarter. Victory Capital Management Inc. now owns 10,110 shares of the construction company’s stock valued at $236,000 after purchasing an additional 1,123 shares during the last quarter. 99.56% of the stock is currently owned by institutional investors and hedge funds.

Shares of Continental Building Products (NYSE:CBPX) traded down $0.75 during trading on Tuesday, reaching $28.30. 232,157 shares of the company’s stock traded hands, compared to its average volume of 222,390. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.11 and a quick ratio of 2.46. The company has a market capitalization of $1,095.62, a PE ratio of 23.01 and a beta of 1.28. Continental Building Products has a 1 year low of $21.00 and a 1 year high of $31.00.

WARNING: This article was originally published by American Banking News and is owned by of American Banking News. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2018/01/16/brokerages-expect-continental-building-products-inc-cbpx-to-announce-0-32-earnings-per-share.html.

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.

Get a free copy of the Zacks research report on Continental Building Products (CBPX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Continental Building Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Continental Building Products and related companies with MarketBeat.com's FREE daily email newsletter.