Brokerages Expect Continental Building Products Inc (CBPX) Will Announce Quarterly Sales of $125.10 Million

Equities research analysts expect that Continental Building Products Inc (NYSE:CBPX) will report sales of $125.10 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Continental Building Products’ earnings, with the lowest sales estimate coming in at $124.30 million and the highest estimate coming in at $125.90 million. Continental Building Products reported sales of $118.22 million in the same quarter last year, which would suggest a positive year over year growth rate of 5.8%. The company is expected to report its next quarterly earnings report after the market closes on Thursday, February 22nd.

On average, analysts expect that Continental Building Products will report full-year sales of $125.10 million for the current fiscal year, with estimates ranging from $482.10 million to $483.70 million. For the next year, analysts expect that the business will post sales of $514.59 million per share, with estimates ranging from $506.60 million to $524.60 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Continental Building Products.

Continental Building Products (NYSE:CBPX) last issued its quarterly earnings results on Thursday, November 9th. The construction company reported $0.29 earnings per share for the quarter, hitting the Zacks’ 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 return on equity of 15.80% and a net margin of 10.13%. Continental Building Products’s revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the business posted $0.25 EPS.

CBPX has been the topic of a number of analyst reports. BidaskClub raised Continental Building Products from a “hold” rating to a “buy” rating in a research note on Friday, November 3rd. Royal Bank of Canada reaffirmed a “buy” rating and set a $30.00 target price on shares of Continental Building Products in a research note on Wednesday, November 15th. Barclays lifted their target price on Continental Building Products from $25.00 to $27.00 and gave the company an “equal weight” rating in a research note on Friday, November 10th. Jefferies Group started coverage on Continental Building Products in a research note on Tuesday, December 12th. They set a “hold” rating and a $28.00 target price on the stock. Finally, Zacks Investment Research raised Continental Building Products from a “sell” rating to a “hold” rating in a research note on Thursday, November 16th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $26.42.

Continental Building Products (NYSE:CBPX) opened at $27.30 on Friday. The firm has a market capitalization of $1,059.79, a PE ratio of 22.20 and a beta of 1.20. Continental Building Products has a 12 month low of $21.00 and a 12 month high of $31.00. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.11 and a quick ratio of 2.46.

A number of large investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System grew its stake in Continental Building Products by 0.9% during the 2nd quarter. California State Teachers Retirement System now owns 70,036 shares of the construction company’s stock valued at $1,632,000 after acquiring an additional 654 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Continental Building Products by 6.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 12,800 shares of the construction company’s stock valued at $298,000 after buying an additional 800 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Continental Building Products by 9.5% during the 2nd 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. Principal Financial Group Inc. lifted its holdings in shares of Continental Building Products by 11.2% during the 2nd quarter. Principal Financial Group Inc. now owns 10,037 shares of the construction company’s stock valued at $234,000 after buying an additional 1,013 shares during the last quarter. Finally, California Public Employees Retirement System lifted its holdings in shares of Continental Building Products by 4.5% during the 2nd quarter. California Public Employees Retirement System now owns 30,000 shares of the construction company’s stock valued at $699,000 after buying an additional 1,300 shares during the last quarter. 99.50% of the stock is currently owned by institutional investors.

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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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