Equities research analysts forecast that Continental Building Products Inc (NYSE:CBPX) will announce sales of $140.37 million for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Continental Building Products’ earnings, with the highest sales estimate coming in at $143.00 million and the lowest estimate coming in at $137.89 million. Continental Building Products reported sales of $131.39 million during the same quarter last year, which would indicate a positive year over year growth rate of 6.8%. The business is scheduled to issue its next quarterly earnings results on Thursday, February 28th.
On average, analysts expect that Continental Building Products will report full-year sales of $527.61 million for the current fiscal year, with estimates ranging from $525.19 million to $530.00 million. For the next financial year, analysts anticipate that the firm will post sales of $553.84 million, with estimates ranging from $535.70 million to $571.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Continental Building Products.
Continental Building Products (NYSE:CBPX) last released its quarterly earnings data on Thursday, November 8th. The construction company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. The business had revenue of $131.20 million for the quarter, compared to analyst estimates of $124.65 million. Continental Building Products had a return on equity of 21.14% and a net margin of 15.10%. Continental Building Products’s revenue was up 12.6% compared to the same quarter last year. During the same period last year, the firm posted $0.29 earnings per share.
A number of brokerages have recently commented on CBPX. Zacks Investment Research lowered Continental Building Products from a “buy” rating to a “hold” rating in a research note on Friday, October 26th. ValuEngine lowered Continental Building Products from a “hold” rating to a “sell” rating in a research note on Wednesday, January 9th. Stephens set a $31.00 price target on Continental Building Products and gave the company a “hold” rating in a research note on Thursday, October 25th. Citigroup cut their price target on Continental Building Products from $36.00 to $33.00 and set a “hold” rating on the stock in a research note on Monday, November 12th. Finally, Barclays set a $35.00 price target on Continental Building Products and gave the company a “buy” rating in a research note on Wednesday, December 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Continental Building Products presently has a consensus rating of “Hold” and a consensus target price of $33.00.
NYSE:CBPX traded down $0.09 during trading hours on Tuesday, hitting $24.95. The company’s stock had a trading volume of 282,099 shares, compared to its average volume of 346,829. Continental Building Products has a twelve month low of $24.11 and a twelve month high of $39.60. The firm has a market capitalization of $941.68 million, a PE ratio of 18.76, a price-to-earnings-growth ratio of 1.25 and a beta of 1.45. The company has a quick ratio of 3.32, a current ratio of 4.01 and a debt-to-equity ratio of 0.75.
In related news, Director Edward M. Bosowski acquired 1,500 shares of the business’s stock in a transaction that occurred on Friday, November 16th. The shares were bought at an average cost of $29.28 per share, with a total value of $43,920.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its stake in shares of Continental Building Products by 74.5% in the third quarter. Renaissance Technologies LLC now owns 845,072 shares of the construction company’s stock worth $31,732,000 after acquiring an additional 360,672 shares during the period. Teachers Advisors LLC lifted its stake in shares of Continental Building Products by 552.9% in the third quarter. Teachers Advisors LLC now owns 480,271 shares of the construction company’s stock worth $18,034,000 after acquiring an additional 406,710 shares during the period. ClariVest Asset Management LLC lifted its stake in shares of Continental Building Products by 5.0% in the third quarter. ClariVest Asset Management LLC now owns 99,724 shares of the construction company’s stock worth $3,744,000 after acquiring an additional 4,774 shares during the period. BlackRock Inc. lifted its stake in shares of Continental Building Products by 1.8% in the third quarter. BlackRock Inc. now owns 2,500,341 shares of the construction company’s stock worth $93,888,000 after acquiring an additional 44,222 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in Continental Building Products by 26.4% in the third quarter. Wells Fargo & Company MN now owns 71,833 shares of the construction company’s stock worth $2,697,000 after purchasing an additional 15,013 shares in the last quarter. 98.17% of the stock is currently owned by institutional investors.
Continental Building Products Company Profile
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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