Concrete Pumping Holdings Inc (NASDAQ:BBCP) – Stock analysts at William Blair increased their Q3 2019 earnings per share estimates for Concrete Pumping in a research note issued to investors on Monday, June 10th. William Blair analyst T. Mulrooney now expects that the company will post earnings per share of $0.10 for the quarter, up from their previous forecast of $0.06. William Blair currently has a “Outperform” rating and a $5.31 target price on the stock.
Other analysts have also issued research reports about the company. Stifel Nicolaus initiated coverage on Concrete Pumping in a report on Thursday, May 23rd. They set a “buy” rating and a $9.00 price target on the stock. Zacks Investment Research upgraded Concrete Pumping from a “sell” rating to a “hold” rating in a report on Friday, May 31st. Robert W. Baird initiated coverage on Concrete Pumping in a report on Monday, May 13th. They set an “outperform” rating and a $7.00 price target on the stock. Finally, ValuEngine lowered Concrete Pumping from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $8.33.
NASDAQ:BBCP opened at $4.05 on Wednesday. Concrete Pumping has a fifty-two week low of $3.64 and a fifty-two week high of $15.25. The firm has a market cap of $275.45 million, a P/E ratio of 1.64 and a beta of 0.73. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.71 and a current ratio of 0.77.
Concrete Pumping (NASDAQ:BBCP) last released its quarterly earnings results on Monday, June 10th. The company reported ($0.35) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.39). The company had revenue of $61.99 million during the quarter, compared to the consensus estimate of $62.97 million.
A number of hedge funds have recently modified their holdings of the stock. Citigroup Inc. bought a new stake in Concrete Pumping during the first quarter valued at about $35,000. ExodusPoint Capital Management LP bought a new stake in Concrete Pumping during the first quarter valued at about $137,000. BlueCrest Capital Management Ltd bought a new stake in Concrete Pumping during the first quarter valued at about $193,000. Millennium Management LLC bought a new stake in Concrete Pumping during the fourth quarter valued at about $688,000. Finally, Owl Creek Asset Management L.P. bought a new stake in Concrete Pumping during the fourth quarter valued at about $15,689,000. 4.43% of the stock is currently owned by institutional investors.
In related news, CEO Bruce F. Young acquired 200,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were bought at an average price of $4.50 per share, with a total value of $900,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John M. Piecuch acquired 8,990 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average cost of $5.03 per share, for a total transaction of $45,219.70. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,861,716 shares of company stock worth $8,396,072 in the last 90 days.
Concrete Pumping Company Profile
Concrete Pumping Holdings, Inc provides concrete pumping and concrete waste management services. The company offers concrete pumping services under the Brundage-Bone brand and concrete waste management services under the Eco-Pan brand in the United States; and concrete pumping services under the Camfaud brand in the United Kingdom.
Recommended Story: What is a Leveraged Buyout (LBO)?
Receive News & Ratings for Concrete Pumping Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Concrete Pumping and related companies with MarketBeat.com's FREE daily email newsletter.