Q3 2019 EPS Estimates for Concrete Pumping Holdings Inc (NASDAQ:BBCP) Reduced by B. Riley

Concrete Pumping Holdings Inc (NASDAQ:BBCP) – Research analysts at B. Riley decreased their Q3 2019 earnings estimates for shares of Concrete Pumping in a research report issued on Tuesday, June 11th. B. Riley analyst A. Rygiel now anticipates that the company will post earnings of $0.06 per share for the quarter, down from their previous forecast of $0.12. B. Riley also issued estimates for Concrete Pumping’s Q4 2019 earnings at $0.10 EPS.

Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded Concrete Pumping from a “sell” rating to a “hold” rating in a research report on Friday, May 31st. William Blair began coverage on Concrete Pumping in a research report on Friday, May 17th. They issued an “outperform” rating and a $5.31 price objective for the company. ValuEngine cut Concrete Pumping from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Robert W. Baird began coverage on Concrete Pumping in a research report on Monday, May 13th. They issued an “outperform” rating and a $7.00 price objective for the company. Finally, Stifel Nicolaus began coverage on Concrete Pumping in a research report on Thursday, May 23rd. They issued a “buy” rating and a $9.00 price objective for the company. Two research analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $8.33.

Concrete Pumping stock opened at $4.05 on Wednesday. The company has a market capitalization of $275.45 million, a PE ratio of 1.64 and a beta of 0.73. Concrete Pumping has a 12 month low of $3.64 and a 12 month high of $15.25. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.77 and a quick ratio of 0.71.

Concrete Pumping (NASDAQ:BBCP) last announced its quarterly earnings results on Monday, June 10th. The company reported ($0.35) earnings per share for the quarter, missing the 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.

In related news, Director John M. Piecuch purchased 8,990 shares of the business’s stock in a transaction on Monday, May 13th. The shares were bought at an average price of $5.03 per share, for a total transaction of $45,219.70. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David A. B. Brown acquired 27,726 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was acquired at an average price of $4.99 per share, for a total transaction of $138,352.74. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 1,861,716 shares of company stock worth $8,396,072.

Institutional investors have recently bought and sold shares of the business. Citigroup Inc. acquired a new stake in shares of Concrete Pumping during the first quarter worth $35,000. ExodusPoint Capital Management LP acquired a new position in shares of Concrete Pumping during the 1st quarter worth about $137,000. BlueCrest Capital Management Ltd acquired a new position in shares of Concrete Pumping during the 1st quarter worth about $193,000. Millennium Management LLC acquired a new position in shares of Concrete Pumping during the 4th quarter worth about $688,000. Finally, Owl Creek Asset Management L.P. bought a new stake in shares of Concrete Pumping during the 4th quarter worth about $15,689,000. 4.43% of the stock is owned by institutional investors.

About Concrete Pumping

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.

Read More: Dow Jones Industrial Average (DJIA)

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.



Leave a Reply