Concrete Pumping Holdings, Inc. to Post Q1 2023 Earnings of $0.05 Per Share, William Blair Forecasts (NASDAQ:BBCP)

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP – Get Rating) – Analysts at William Blair upped their Q1 2023 earnings per share (EPS) estimates for Concrete Pumping in a research report issued on Tuesday, January 24th. William Blair analyst T. Mulrooney now anticipates that the company will post earnings per share of $0.05 for the quarter, up from their prior estimate of $0.04. The consensus estimate for Concrete Pumping’s current full-year earnings is $0.43 per share. William Blair also issued estimates for Concrete Pumping’s Q2 2023 earnings at $0.08 EPS, Q3 2023 earnings at $0.13 EPS, Q4 2023 earnings at $0.18 EPS, FY2023 earnings at $0.45 EPS and FY2024 earnings at $0.59 EPS.

Concrete Pumping (NASDAQ:BBCP – Get Rating) last posted its quarterly earnings data on Monday, January 23rd. The company reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. Concrete Pumping had a return on equity of 8.91% and a net margin of 7.42%. The firm had revenue of $114.89 million for the quarter, compared to analyst estimates of $102.16 million.

A number of other equities analysts have also commented on the company. TheStreet lowered Concrete Pumping from a “b-” rating to a “c+” rating in a research note on Tuesday, December 27th. Robert W. Baird raised their price objective on Concrete Pumping from $7.00 to $7.50 and gave the stock an “outperform” rating in a research note on Tuesday.

Concrete Pumping Price Performance

Concrete Pumping stock opened at $7.78 on Wednesday. The stock’s fifty day moving average price is $6.50 and its two-hundred day moving average price is $6.65. Concrete Pumping has a one year low of $4.64 and a one year high of $8.26. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.98 and a quick ratio of 0.94. The firm has a market cap of $440.35 million, a PE ratio of 19.45 and a beta of 0.95.

Institutional Investors Weigh In On Concrete Pumping

A number of large investors have recently modified their holdings of BBCP. Barclays PLC boosted its holdings in shares of Concrete Pumping by 47.4% in the 3rd quarter. Barclays PLC now owns 5,982 shares of the company’s stock valued at $39,000 after purchasing an additional 1,925 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Concrete Pumping by 54.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,536 shares of the company’s stock valued at $40,000 after purchasing an additional 2,295 shares in the last quarter. Ritholtz Wealth Management acquired a new stake in shares of Concrete Pumping in the 3rd quarter valued at $76,000. Group One Trading L.P. acquired a new stake in shares of Concrete Pumping during the 3rd quarter valued at $76,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Concrete Pumping during the 2nd quarter valued at $79,000. Institutional investors and hedge funds own 35.37% of the company’s stock.

About Concrete Pumping

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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.