Concrete Pumping (NASDAQ:BBCP) Announces Quarterly Earnings Results


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Concrete Pumping (NASDAQ:BBCP) released its earnings results on Monday. The company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.10), MarketWatch Earnings reports. Concrete Pumping had a negative net margin of 18.81% and a negative return on equity of 1.04%.

NASDAQ BBCP traded up $0.43 during trading on Wednesday, hitting $4.98. The company’s stock had a trading volume of 10,372 shares, compared to its average volume of 302,234. The firm has a market cap of $289.84 million, a P/E ratio of -4.30 and a beta of 1.24. The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 1.29. Concrete Pumping has a 52 week low of $1.82 and a 52 week high of $6.10. The firm has a 50 day moving average price of $3.71 and a 200 day moving average price of $3.72.

Several equities analysts recently issued reports on BBCP shares. Zacks Investment Research upgraded Concrete Pumping from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 22nd. DA Davidson upgraded Concrete Pumping from a “neutral” rating to a “buy” rating and set a $5.00 price objective on the stock in a research note on Monday, December 14th. B. Riley reduced their price objective on Concrete Pumping from $6.75 to $6.00 and set a “buy” rating on the stock in a research note on Wednesday. Robert W. Baird upgraded Concrete Pumping from a “neutral” rating to an “outperform” rating and set a $5.00 price objective on the stock in a research note on Tuesday, January 5th. Finally, ValuEngine upgraded Concrete Pumping from a “hold” rating to a “buy” rating in a research note on Saturday, November 21st. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $5.04.

Concrete Pumping Company Profile

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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Earnings History for Concrete Pumping (NASDAQ:BBCP)

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