Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Forecasted to Post Q4 2024 Earnings of $0.13 Per Share

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) – Analysts at DA Davidson issued their Q4 2024 earnings per share estimates for shares of Concrete Pumping in a research report issued on Thursday, September 5th. DA Davidson analyst B. Thielman expects that the company will earn $0.13 per share for the quarter. DA Davidson has a “Buy” rating and a $8.50 price objective on the stock. The consensus estimate for Concrete Pumping’s current full-year earnings is $0.27 per share. DA Davidson also issued estimates for Concrete Pumping’s FY2025 earnings at $0.27 EPS.

Concrete Pumping (NASDAQ:BBCP) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.05). Concrete Pumping had a return on equity of 6.17% and a net margin of 3.72%. The firm had revenue of $109.62 million for the quarter, compared to analyst estimates of $126.10 million. During the same quarter last year, the firm earned $0.17 EPS.

Other analysts have also recently issued research reports about the stock. William Blair cut shares of Concrete Pumping from an “outperform” rating to a “market perform” rating in a report on Friday, June 7th. Robert W. Baird decreased their price objective on Concrete Pumping from $7.50 to $6.50 and set a “neutral” rating for the company in a research report on Thursday, September 5th. UBS Group lowered Concrete Pumping from a “buy” rating to a “neutral” rating and dropped their target price for the company from $10.50 to $6.25 in a report on Friday. Finally, Stifel Nicolaus decreased their price target on Concrete Pumping from $9.00 to $8.00 and set a “buy” rating for the company in a report on Friday, June 7th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $7.55.

Concrete Pumping Stock Up 2.3 %

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

Institutional Investors Weigh In On Concrete Pumping

Several institutional investors have recently made changes to their positions in BBCP. Cubist Systematic Strategies LLC purchased a new position in Concrete Pumping in the second quarter valued at about $26,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Concrete Pumping during the second quarter worth $42,000. Private Advisor Group LLC purchased a new stake in Concrete Pumping during the fourth quarter worth $101,000. Trexquant Investment LP acquired a new stake in Concrete Pumping in the fourth quarter valued at $151,000. Finally, Quadrature Capital Ltd acquired a new stake in Concrete Pumping in the 1st quarter valued at about $180,000. 34.20% of the stock is currently owned by hedge funds and other institutional investors.

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.