Q1 2021 Earnings Forecast for Concrete Pumping Holdings, Inc. Issued By DA Davidson (NASDAQ:BBCP)

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) – Stock analysts at DA Davidson issued their Q1 2021 earnings per share (EPS) estimates for shares of Concrete Pumping in a note issued to investors on Wednesday, January 13th. DA Davidson analyst B. Thielman forecasts that the company will post earnings per share of ($0.07) for the quarter. DA Davidson has a “Buy” rating and a $5.00 price objective on the stock. DA Davidson also issued estimates for Concrete Pumping’s FY2022 earnings at $0.10 EPS.

Concrete Pumping (NASDAQ:BBCP) last released its quarterly earnings data on Monday, January 11th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.10). Concrete Pumping had a negative net margin of 18.81% and a negative return on equity of 1.04%.

Several other research firms have also recently weighed in on BBCP. B. Riley decreased their price objective on shares of Concrete Pumping from $6.75 to $6.00 and set a “buy” rating for the company in a report on Wednesday. Zacks Investment Research raised shares of Concrete Pumping from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 22nd. ValuEngine raised shares of Concrete Pumping from a “hold” rating to a “buy” rating in a report on Saturday, November 21st. BidaskClub raised shares of Concrete Pumping from a “hold” rating to a “buy” rating in a report on Thursday, January 7th. Finally, Robert W. Baird raised shares of Concrete Pumping from a “neutral” rating to an “outperform” rating and set a $5.00 target price for the company in a report on Tuesday, January 5th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $5.04.

BBCP opened at $5.00 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 1.29. The firm has a 50 day moving average price of $3.73 and a 200-day moving average price of $3.71. Concrete Pumping has a twelve month low of $1.82 and a twelve month high of $6.10. The stock has a market capitalization of $291 million, a price-to-earnings ratio of -4.35 and a beta of 1.24.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE boosted its stake in Concrete Pumping by 108.9% during the 2nd quarter. Bank of America Corp DE now owns 11,568 shares of the company’s stock worth $40,000 after purchasing an additional 6,030 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Concrete Pumping by 39.2% during the third quarter. JPMorgan Chase & Co. now owns 23,059 shares of the company’s stock valued at $84,000 after purchasing an additional 6,498 shares during the last quarter. Nisa Investment Advisors LLC acquired a new position in Concrete Pumping during the third quarter valued at approximately $32,000. Nuveen Asset Management LLC boosted its position in Concrete Pumping by 14.7% during the second quarter. Nuveen Asset Management LLC now owns 82,585 shares of the company’s stock valued at $288,000 after purchasing an additional 10,575 shares during the last quarter. Finally, Nwam LLC acquired a new position in Concrete Pumping during the third quarter valued at approximately $43,000. 24.76% of the stock is currently owned by 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 Camfaud brands; and industrial cleanup and containment services primarily to customers in the construction industry under the Eco-Pan brand.

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