Q1 2019 EPS Estimates for Continental Building Products Inc (CBPX) Lowered by Analyst

Continental Building Products Inc (NYSE:CBPX) – Equities research analysts at Jefferies Financial Group lowered their Q1 2019 earnings per share estimates for Continental Building Products in a research note issued to investors on Thursday, April 18th, according to Zacks Investment Research. Jefferies Financial Group analyst P. Ng now forecasts that the construction company will earn $0.29 per share for the quarter, down from their prior estimate of $0.32. Jefferies Financial Group also issued estimates for Continental Building Products’ Q2 2019 earnings at $0.56 EPS, FY2019 earnings at $1.99 EPS and FY2020 earnings at $2.16 EPS.

Continental Building Products (NYSE:CBPX) last released its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.08. Continental Building Products had a net margin of 14.35% and a return on equity of 22.48%. The business had revenue of $122.03 million for the quarter, compared to analyst estimates of $116.07 million. During the same period last year, the firm earned $0.36 earnings per share. Continental Building Products’s revenue for the quarter was up 4.5% compared to the same quarter last year.

A number of other research firms have also commented on CBPX. Stephens reaffirmed a “hold” rating and set a $28.00 price target on shares of Continental Building Products in a research report on Sunday, January 27th. Zacks Investment Research raised shares of Continental Building Products from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. ValuEngine lowered shares of Continental Building Products from a “hold” rating to a “sell” rating in a report on Friday, March 15th. Royal Bank of Canada lowered shares of Continental Building Products from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $30.00 to $26.00 in a report on Wednesday, April 17th. Finally, Seaport Global Securities reissued a “neutral” rating on shares of Continental Building Products in a report on Monday, February 25th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $31.89.

NYSE:CBPX traded down $0.03 during mid-day trading on Friday, reaching $26.88. 288,003 shares of the company’s stock were exchanged, compared to its average volume of 270,176. Continental Building Products has a one year low of $23.09 and a one year high of $39.60. The firm has a market cap of $934.33 million, a price-to-earnings ratio of 13.31, a P/E/G ratio of 2.68 and a beta of 1.34. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.57 and a current ratio of 4.40.

In other Continental Building Products news, CFO Dennis Charles Schemm sold 1,387 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $26.14, for a total value of $36,256.18. Following the transaction, the chief financial officer now directly owns 57,726 shares of the company’s stock, valued at approximately $1,508,957.64. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.78% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Pearl River Capital LLC acquired a new stake in shares of Continental Building Products in the 1st quarter valued at approximately $60,000. NumerixS Investment Technologies Inc boosted its stake in shares of Continental Building Products by 20.7% in the 4th quarter. NumerixS Investment Technologies Inc now owns 4,466 shares of the construction company’s stock valued at $113,000 after purchasing an additional 766 shares in the last quarter. Quantamental Technologies LLC acquired a new stake in shares of Continental Building Products in the 4th quarter valued at approximately $119,000. Legal & General Group Plc boosted its stake in shares of Continental Building Products by 16.6% in the 4th quarter. Legal & General Group Plc now owns 6,703 shares of the construction company’s stock valued at $171,000 after purchasing an additional 953 shares in the last quarter. Finally, First Republic Investment Management Inc. acquired a new stake in shares of Continental Building Products in the 3rd quarter valued at approximately $278,000. Institutional investors own 99.95% of the company’s stock.

About Continental Building Products

Continental Building Products, Inc manufactures and sells gypsum wallboard and complementary finishing products in the eastern United States and eastern Canada. The company sells its products to gypsum wallboard distributors, buying groups, wholesalers, and mass merchants in the new residential, repair and remodel, and commercial construction markets under the LiftLite, Mold Defense, and Weather Defense brand names.

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

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