Brokers Issue Forecasts for Concrete Pumping Holdings, Inc.’s Q1 2024 Earnings (NASDAQ:BBCP)

Posted by Defense World Staff on Sep 11th, 2023

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP – Free Report) – Equities research analysts at William Blair issued their Q1 2024 EPS estimates for shares of Concrete Pumping in a research note issued to investors on Friday, September 8th. William Blair analyst T. Mulrooney expects that the company will post earnings of $0.04 per share for the quarter. The consensus estimate for Concrete Pumping’s current full-year earnings is $0.55 per share. William Blair also issued estimates for Concrete Pumping’s Q2 2024 earnings at $0.10 EPS, Q3 2024 earnings at $0.17 EPS, Q4 2024 earnings at $0.18 EPS and FY2025 earnings at $0.63 EPS.

Concrete Pumping (NASDAQ:BBCP – Get Free Report) last posted its quarterly earnings data on Thursday, June 8th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. Concrete Pumping had a net margin of 7.08% and a return on equity of 10.50%. The company had revenue of $107.79 million for the quarter, compared to the consensus estimate of $103.88 million.

Concrete Pumping Stock Performance

NASDAQ:BBCP opened at $8.01 on Monday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.72 and a current ratio of 0.78. The firm’s 50-day moving average is $7.91 and its 200-day moving average is $7.40. Concrete Pumping has a 52-week low of $5.63 and a 52-week high of $8.37. The company has a market cap of $439.63 million, a price-to-earnings ratio of 15.40 and a beta of 1.10.

Institutional Trading of Concrete Pumping

Institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in shares of Concrete Pumping during the 1st quarter valued at about $74,000. Janney Montgomery Scott LLC boosted its position in shares of Concrete Pumping by 14.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 40,489 shares of the company’s stock valued at $275,000 after acquiring an additional 5,211 shares in the last quarter. CM Wealth Advisors LLC acquired a new stake in shares of Concrete Pumping during the 1st quarter valued at about $2,329,000. Jump Financial LLC boosted its position in shares of Concrete Pumping by 156.4% during the 1st quarter. Jump Financial LLC now owns 30,450 shares of the company’s stock valued at $207,000 after acquiring an additional 18,572 shares in the last quarter. Finally, AltraVue Capital LLC boosted its position in shares of Concrete Pumping by 13.1% during the 4th quarter. AltraVue Capital LLC now owns 2,601,356 shares of the company’s stock valued at $15,218,000 after acquiring an additional 301,310 shares in the last quarter. 33.78% of the stock is currently owned by institutional investors and hedge funds.

Concrete Pumping Company Profile

(Get Free Report)

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.