Analysts Anticipate Continental Building Products Inc (CBPX) to Post $0.44 Earnings Per Share

Wall Street brokerages predict that Continental Building Products Inc (NYSE:CBPX) will announce $0.44 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Continental Building Products’ earnings, with estimates ranging from $0.41 to $0.46. Continental Building Products posted earnings of $0.32 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 37.5%. The business is expected to announce its next quarterly earnings results on Thursday, August 2nd.

According to Zacks, analysts expect that Continental Building Products will report full year earnings of $1.79 per share for the current year, with EPS estimates ranging from $1.73 to $1.86. For the next year, analysts expect that the firm will report earnings of $2.12 per share, with EPS estimates ranging from $2.08 to $2.19. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Continental Building Products.

Continental Building Products (NYSE:CBPX) last issued its quarterly earnings results on Thursday, May 3rd. The construction company reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.01). Continental Building Products had a return on equity of 16.88% and a net margin of 12.62%. The company had revenue of $116.80 million for the quarter, compared to analysts’ expectations of $118.77 million. During the same quarter in the previous year, the business earned $0.22 EPS. The company’s revenue for the quarter was down 3.2% on a year-over-year basis.

Several equities research analysts have recently issued reports on CBPX shares. Deutsche Bank raised their price target on shares of Continental Building Products from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Tuesday, February 27th. Citigroup reduced their price objective on shares of Continental Building Products from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday, February 27th. Raymond James began coverage on shares of Continental Building Products in a research note on Tuesday, March 13th. They issued a “market perform” rating for the company. Zacks Investment Research lowered shares of Continental Building Products from a “buy” rating to a “hold” rating in a research note on Tuesday, March 27th. Finally, ValuEngine upgraded shares of Continental Building Products from a “hold” rating to a “buy” rating in a research note on Thursday, May 17th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $30.43.

In other news, VP David Bruce Briggs sold 3,350 shares of the business’s stock in a transaction on Thursday, June 7th. The shares were sold at an average price of $31.35, for a total transaction of $105,022.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its holdings in shares of Continental Building Products by 11.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 16,453 shares of the construction company’s stock worth $469,000 after acquiring an additional 1,753 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Continental Building Products by 154.3% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,983 shares of the construction company’s stock worth $112,000 after acquiring an additional 2,417 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in shares of Continental Building Products by 48.3% during the 1st quarter. Cubist Systematic Strategies LLC now owns 9,333 shares of the construction company’s stock worth $266,000 after acquiring an additional 3,041 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Continental Building Products by 77.2% during the 1st quarter. SG Americas Securities LLC now owns 7,361 shares of the construction company’s stock worth $210,000 after acquiring an additional 3,206 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Continental Building Products by 314.3% during the 1st quarter. Russell Investments Group Ltd. now owns 4,499 shares of the construction company’s stock worth $128,000 after acquiring an additional 3,413 shares during the last quarter. 95.93% of the stock is owned by institutional investors.

Shares of CBPX stock traded down $0.30 during trading hours on Tuesday, hitting $32.25. 4,939 shares of the company were exchanged, compared to its average volume of 187,312. The company has a quick ratio of 2.78, a current ratio of 3.42 and a debt-to-equity ratio of 0.83. Continental Building Products has a 52-week low of $21.00 and a 52-week high of $32.75. The firm has a market cap of $1.20 billion, a P/E ratio of 24.21 and a beta of 1.14.

Continental Building Products declared that its board has approved a share repurchase plan on Thursday, February 22nd that permits the company to buyback $100.00 million in shares. This buyback authorization permits the construction company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

About Continental Building Products

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.

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

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