Concrete Pumping (NASDAQ:BBCP) Releases Quarterly Earnings Results

Concrete Pumping (NASDAQ:BBCP) announced its earnings results on Monday. The company reported ($0.05) earnings per share for the quarter, missing the 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%.

Concrete Pumping stock traded up $0.46 during mid-day trading on Wednesday, hitting $5.01. 13,384 shares of the company’s stock were exchanged, compared to its average volume of 302,234. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 1.29. The stock has a 50 day moving average of $3.71 and a two-hundred day moving average of $3.72. The stock has a market cap of $291.58 million, a P/E ratio of -4.30 and a beta of 1.24. Concrete Pumping has a 1-year low of $1.82 and a 1-year high of $6.10.

Several research firms have recently commented on BBCP. ValuEngine raised Concrete Pumping from a “hold” rating to a “buy” rating in a report on Saturday, November 21st. DA Davidson raised Concrete Pumping from a “neutral” rating to a “buy” rating and set a $5.00 price target for the company in a report on Monday, December 14th. Zacks Investment Research raised Concrete Pumping from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 22nd. BidaskClub raised Concrete Pumping from a “hold” rating to a “buy” rating in a report on Thursday, January 7th. Finally, Robert W. Baird raised Concrete Pumping from a “neutral” rating to an “outperform” rating and set a $5.00 price objective for the company in a report on Tuesday, January 5th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price 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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