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Equities Analysts Offer Predictions for Concrete Pumping Holdings, Inc.'s Q4 2022 Earnings (NASDAQ:BBCP)

Financial News Live ·  Sep 14, 2022 01:43

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP – Get Rating) – Analysts at DA Davidson issued their Q4 2022 EPS estimates for Concrete Pumping in a research note issued on Friday, September 9th. DA Davidson analyst B. Thielman expects that the company will post earnings of $0.12 per share for the quarter. The consensus estimate for Concrete Pumping's current full-year earnings is $0.34 per share.

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Concrete Pumping (NASDAQ:BBCP – Get Rating) last issued its earnings results on Thursday, September 8th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.12. Concrete Pumping had a net margin of 6.59% and a return on equity of 7.03%. During the same quarter in the previous year, the business posted $0.07 EPS.

Separately, TheStreet upgraded shares of Concrete Pumping from a "c" rating to a "b-" rating in a research note on Friday, September 9th.

Concrete Pumping Trading Down 1.7 %

Shares of Concrete Pumping stock opened at $6.88 on Monday. The stock has a market cap of $389.88 million, a P/E ratio of 17.20 and a beta of 0.95. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.01 and a quick ratio of 0.94. The stock's 50 day simple moving average is $6.73 and its 200-day simple moving average is $6.32. Concrete Pumping has a 1-year low of $4.64 and a 1-year high of $9.70.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BBCP. Diamond Hill Capital Management Inc. grew its position in Concrete Pumping by 84.4% in the first quarter. Diamond Hill Capital Management Inc. now owns 1,462,319 shares of the company's stock worth $9,798,000 after acquiring an additional 669,223 shares in the last quarter. Epoch Investment Partners Inc. acquired a new stake in shares of Concrete Pumping in the 4th quarter valued at approximately $3,881,000. AltraVue Capital LLC raised its holdings in Concrete Pumping by 9.6% during the 2nd quarter. AltraVue Capital LLC now owns 2,335,436 shares of the company's stock worth $14,152,000 after buying an additional 204,870 shares during the period. Millennium Management LLC bought a new position in shares of Concrete Pumping during the 2nd quarter worth approximately $848,000. Finally, Jennison Associates LLC grew its stake in shares of Concrete Pumping by 7.2% in the first quarter. Jennison Associates LLC now owns 1,699,577 shares of the company's stock valued at $11,387,000 after buying an additional 114,876 shares in the last quarter. 35.60% of the stock is owned by institutional investors and hedge funds.

Concrete Pumping Company Profile

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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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