Concrete Pumping Holdings, Inc. Expected to Earn FY2024 Earnings of $0.23 Per Share (NASDAQ:BBCP)

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) – Analysts at DA Davidson cut their FY2024 EPS estimates for Concrete Pumping in a note issued to investors on Thursday, September 5th. DA Davidson analyst B. Thielman now anticipates that the company will earn $0.23 per share for the year, down from their prior estimate of $0.35. DA Davidson currently has a “Buy” rating and a $8.50 target price on the stock. The consensus estimate for Concrete Pumping’s current full-year earnings is $0.38 per share.

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). Concrete Pumping had a return on equity of 6.83% and a net margin of 4.25%. The business had revenue of $109.62 million during the quarter, compared to analysts’ expectations of $126.10 million. During the same quarter last year, the business posted $0.17 EPS.

Other equities research analysts have also recently issued reports about the stock. Stifel Nicolaus dropped their target price on shares of Concrete Pumping from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Robert W. Baird lowered their price objective on shares of Concrete Pumping from $7.50 to $6.50 and set a “neutral” rating for the company in a report on Thursday. Finally, William Blair downgraded Concrete Pumping from an “outperform” rating to a “market perform” rating in a report on Friday, June 7th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Concrete Pumping currently has a consensus rating of “Hold” and a consensus price target of $7.88.

Concrete Pumping Stock Performance

Shares of BBCP stock opened at $5.17 on Friday. The firm has a market capitalization of $279.80 million, a price-to-earnings ratio of 16.68 and a beta of 1.11. The stock has a fifty day moving average of $6.25 and a 200 day moving average of $6.90. Concrete Pumping has a 52 week low of $5.05 and a 52 week high of $9.15. The company has a quick ratio of 1.17, a current ratio of 1.24 and a debt-to-equity ratio of 1.21.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in Concrete Pumping by 6.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,550,933 shares of the company’s stock worth $9,322,000 after acquiring an additional 91,469 shares in the last quarter. Diamond Hill Capital Management Inc. grew its stake in shares of Concrete Pumping by 1.5% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 1,049,645 shares of the company’s stock worth $6,308,000 after buying an additional 15,847 shares during the last quarter. Epoch Investment Partners Inc. bought a new position in Concrete Pumping during the 1st quarter valued at approximately $3,439,000. Empowered Funds LLC raised its stake in Concrete Pumping by 8.2% during the first quarter. Empowered Funds LLC now owns 268,272 shares of the company’s stock valued at $2,119,000 after buying an additional 20,290 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in Concrete Pumping by 100.0% in the second quarter. Park Avenue Securities LLC now owns 118,213 shares of the company’s stock worth $710,000 after acquiring an additional 59,107 shares in the last quarter. 34.20% 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 Capital Pumping brands; and industrial cleanup and containment services primarily to customers in the construction industry under the Eco-Pan brand.