Zacks: Analysts Anticipate Concrete Pumping Holdings Inc (NASDAQ:BBCP) Will Post Quarterly Sales of $84.44 Million

Wall Street analysts predict that Concrete Pumping Holdings Inc (NASDAQ:BBCP) will report $84.44 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Concrete Pumping’s earnings, with the highest sales estimate coming in at $89.00 million and the lowest estimate coming in at $80.91 million. The business is expected to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Concrete Pumping will report full-year sales of $292.53 million for the current fiscal year, with estimates ranging from $286.77 million to $298.00 million. For the next fiscal year, analysts expect that the firm will report sales of $343.47 million, with estimates ranging from $341.06 million to $347.90 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that follow 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 consensus estimate of $0.04 by ($0.39). The firm had revenue of $61.99 million for the quarter, compared to analysts’ expectations of $62.97 million.

Several equities research analysts have recently issued reports on BBCP shares. William Blair started coverage on shares of Concrete Pumping in a research report on Friday, May 17th. They set an “outperform” rating and a $5.31 price objective on the stock. Robert W. Baird started coverage on shares of TJX Companies in a research report on Monday, May 13th. They set an “outperform” rating and a $63.00 price objective on the stock. Stifel Nicolaus cut shares of Asante Solutions to a “buy” rating and set a $9.00 price objective on the stock. in a research report on Thursday, May 23rd. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, Zacks Investment Research upgraded shares of DLH from a “sell” rating to a “hold” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Concrete Pumping presently has a consensus rating of “Buy” and an average target price of $8.33.

In other Concrete Pumping news, insider Argand Partners, Lp bought 1,625,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was purchased at an average cost of $4.50 per share, with a total value of $7,312,500.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John M. Piecuch bought 8,990 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was acquired at an average cost of $5.03 per share, with a total value of $45,219.70. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 1,861,716 shares of company stock valued at $8,396,072.

An institutional investor recently bought a new position in Concrete Pumping stock. Millennium Management LLC bought a new stake in Concrete Pumping Holdings Inc (NASDAQ:BBCP) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 83,537 shares of the company’s stock, valued at approximately $688,000. Millennium Management LLC owned approximately 0.29% of Concrete Pumping as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 4.28% of the company’s stock.

Shares of Concrete Pumping stock traded up $0.13 on Friday, hitting $5.40. 138,949 shares of the company traded hands, compared to its average volume of 209,068. The firm has a market cap of $314.28 million, a PE ratio of 2.19 and a beta of 0.70. The company has a quick ratio of 0.53, a current ratio of 0.57 and a debt-to-equity ratio of 1.33. Concrete Pumping has a 52 week low of $3.64 and a 52 week high of $15.25. The company’s 50-day moving average price is $4.89.

Concrete Pumping Company Profile

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.

Featured Story: What is a short straddle?

Get a free copy of the Zacks research report on Concrete Pumping (BBCP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.