FY2024 EPS Estimates for Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Reduced by Analyst

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) – Equities researchers at William Blair dropped their FY2024 earnings estimates for Concrete Pumping in a research report issued to clients and investors on Thursday, September 5th. William Blair analyst T. Mulrooney now forecasts that the company will post earnings of $0.31 per share for the year, down from their previous estimate of $0.41. William Blair has a “Market Perform” rating on the stock. The consensus estimate for Concrete Pumping’s current full-year earnings is $0.27 per share. William Blair also issued estimates for Concrete Pumping’s Q4 2024 earnings at $0.14 EPS, Q1 2025 earnings at ($0.06) EPS, Q2 2025 earnings at $0.06 EPS, Q3 2025 earnings at $0.16 EPS, Q4 2025 earnings at $0.19 EPS and FY2026 earnings at $0.50 EPS.

Concrete Pumping (NASDAQ:BBCP) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.05). The company had revenue of $109.62 million for the quarter, compared to the consensus estimate of $126.10 million. Concrete Pumping had a return on equity of 6.17% and a net margin of 3.72%. During the same period in the prior year, the business earned $0.17 earnings per share.

Several other research firms also recently weighed in on BBCP. UBS Group downgraded shares of Concrete Pumping from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $10.50 to $6.25 in a research report on Friday. DA Davidson lowered their price objective on shares of Concrete Pumping from $9.00 to $8.50 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Robert W. Baird cut their target price on shares of Concrete Pumping from $7.50 to $6.50 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Finally, Stifel Nicolaus cut their price target on Concrete Pumping from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $7.55.

Concrete Pumping Price Performance

NASDAQ BBCP opened at $5.38 on Monday. The company has a current ratio of 1.54, a quick ratio of 1.44 and a debt-to-equity ratio of 1.19. Concrete Pumping has a 1 year low of $5.05 and a 1 year high of $9.15. The company has a market cap of $291.16 million, a PE ratio of 17.35 and a beta of 1.12. The stock’s 50-day moving average price is $6.23 and its two-hundred day moving average price is $6.84.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new stake in shares of Concrete Pumping in the second quarter valued at about $26,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Concrete Pumping during the second quarter worth approximately $42,000. Private Advisor Group LLC bought a new stake in shares of Concrete Pumping in the fourth quarter valued at approximately $101,000. Trexquant Investment LP acquired a new stake in shares of Concrete Pumping in the fourth quarter worth $151,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Concrete Pumping in the first quarter worth $180,000. 34.20% of the stock is currently owned by institutional investors and hedge funds.

About Concrete Pumping

Concrete Pumping Holdings, Inc provides concrete pumping and waste management services in the United States and the United Kingdom. The company offers concrete pumping services to general contractors and concrete finishing companies in the commercial, infrastructure, and residential sectors under the Brundage-Bone and Capital Pumping brands; and industrial cleanup and containment services primarily to customers in the construction industry under the Eco-Pan brand.