$84.44 Million in Sales Expected for Concrete Pumping Holdings Inc (NASDAQ:BBCP) This Quarter

Brokerages expect Concrete Pumping Holdings Inc (NASDAQ:BBCP) to report sales of $84.44 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Concrete Pumping’s earnings, with estimates ranging from $80.91 million to $89.00 million. The firm is scheduled to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Concrete Pumping will report full-year sales of $292.53 million for the current year, with estimates ranging from $286.77 million to $298.00 million. For the next financial year, analysts forecast that the company will report sales of $343.47 million, with estimates ranging from $341.06 million to $347.90 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Concrete Pumping.

Concrete Pumping (NASDAQ:BBCP) last released its quarterly earnings data on Monday, June 10th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.39). The business had revenue of $61.99 million during the quarter, compared to analysts’ expectations of $62.97 million.

BBCP has been the subject of several research analyst reports. ValuEngine upgraded Concrete Pumping from a “sell” rating to a “hold” rating in a research report on Tuesday, July 2nd. Stifel Nicolaus initiated 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. Robert W. Baird initiated 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. Zacks Investment Research cut Concrete Pumping from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, William Blair initiated 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $8.33.

NASDAQ:BBCP traded down $0.05 during trading hours on Monday, hitting $3.79. The company’s stock had a trading volume of 195,670 shares, compared to its average volume of 107,137. The company has a 50-day moving average price of $4.68. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.53 and a current ratio of 0.57. Concrete Pumping has a 52-week low of $3.64 and a 52-week high of $15.25.

In other news, CEO Bruce F. Young bought 200,000 shares of the stock in a transaction 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Argand Partners, Lp bought 1,625,000 shares of the stock in a transaction on Tuesday, May 14th. The stock was purchased at an average cost of $4.50 per share, for a total transaction of $7,312,500.00. The disclosure for this purchase can be found here. Insiders acquired 1,861,716 shares of company stock worth $8,396,072 in the last three months.

A hedge fund recently bought a new stake in Concrete Pumping stock. Millennium Management LLC acquired a new stake in shares of Concrete Pumping Holdings Inc (NASDAQ:BBCP) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 83,537 shares of the company’s stock, valued at approximately $688,000. Millennium Management LLC owned about 0.29% of Concrete Pumping as of its most recent SEC filing. 5.16% 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.

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