Continental Building to Post FY2018 Earnings of $1.73 Per Share, SunTrust Banks Forecasts (CBPX)

Continental Building (NYSE:CBPX) – Equities research analysts at SunTrust Banks upped their FY2018 earnings per share (EPS) estimates for Continental Building in a report released on Thursday, May 3rd. SunTrust Banks analyst K. Hughes now forecasts that the construction company will post earnings of $1.73 per share for the year, up from their prior forecast of $1.72. SunTrust Banks also issued estimates for Continental Building’s Q4 2018 earnings at $0.56 EPS, Q1 2019 earnings at $0.44 EPS, Q2 2019 earnings at $0.52 EPS, Q3 2019 earnings at $0.47 EPS, Q4 2019 earnings at $0.65 EPS and FY2019 earnings at $2.08 EPS.

Continental Building (NYSE:CBPX) last posted its earnings results on Thursday, May 3rd. The construction company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The business had revenue of $116.80 million for the quarter, compared to analysts’ expectations of $118.77 million. Continental Building had a net margin of 12.62% and a return on equity of 17.02%. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period last year, the business posted $0.22 EPS.

A number of other research analysts also recently issued reports on the stock. Citigroup cut their price objective on shares of Continental Building from $13.00 to $11.50 and set a “neutral” rating on the stock in a research report on Thursday, January 25th. Zacks Investment Research raised shares of Continental Building from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective on the stock in a research report on Tuesday, February 13th. Raymond James started coverage on shares of Continental Building in a research report on Tuesday, March 13th. They issued a “market perform” rating on the stock. Finally, Deutsche Bank lifted their price objective on shares of Continental Building from $28.00 to $29.00 and gave the stock a “hold” rating in a research report on Tuesday, February 27th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Continental Building presently has an average rating of “Hold” and an average price target of $30.43.

Shares of Continental Building stock opened at $28.30 on Monday. The company has a current ratio of 3.32, a quick ratio of 2.76 and a debt-to-equity ratio of 0.83. Continental Building has a 52-week low of $21.00 and a 52-week high of $31.00. The company has a market capitalization of $1.03 billion, a PE ratio of 21.28 and a beta of 1.13.

Continental Building announced that its board has approved a share repurchase program on Thursday, February 22nd that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the construction company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Several institutional investors have recently modified their holdings of CBPX. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Continental Building by 154.3% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,983 shares of the construction company’s stock worth $112,000 after buying an additional 2,417 shares during the last quarter. SG Americas Securities LLC boosted its stake in Continental Building by 77.2% in the 1st quarter. SG Americas Securities LLC now owns 7,361 shares of the construction company’s stock worth $210,000 after purchasing an additional 3,206 shares in the last quarter. Minerva Advisors LLC acquired a new stake in Continental Building in the 4th quarter worth approximately $239,000. Teacher Retirement System of Texas acquired a new stake in Continental Building in the 4th quarter worth approximately $379,000. Finally, Trexquant Investment LP acquired a new stake in Continental Building in the 1st quarter worth approximately $380,000.

About Continental Building

Continental Building Products, Inc manufactures and sells gypsum wallboard and complementary finishing products in the eastern United States and eastern Canada. The company sells its products to gypsum wallboard distributors, buying groups, wholesalers, and mass merchants in the new residential, repair and remodel, and commercial construction markets under the LiftLite, Mold Defense, and Weather Defense brand names.

Earnings History and Estimates for Continental Building (NYSE:CBPX)

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