Concrete Pumping (NASDAQ:BBCP) Issues Earnings Results

Concrete Pumping (NASDAQ:BBCP) issued its earnings results on Tuesday. The company reported $0.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.04), Zacks Earnings Dates reports. Concrete Pumping updated its FY 2020
After-Hours guidance to EPS.

NASDAQ BBCP opened at $5.60 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 0.65 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $304.38 million, a PE ratio of 2.27 and a beta of 0.86. The company has a 50 day moving average price of $5.03 and a two-hundred day moving average price of $4.28. Concrete Pumping has a 12-month low of $3.16 and a 12-month high of $12.73.

A number of equities analysts have recently weighed in on BBCP shares. Zacks Investment Research downgraded shares of Concrete Pumping from a “hold” rating to a “sell” rating in a research note on Tuesday, December 17th. ValuEngine cut Concrete Pumping from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Finally, B. Riley restated a “buy” rating and issued a $7.00 target price on shares of Concrete Pumping in a research note on Friday, November 22nd. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Concrete Pumping has a consensus rating of “Buy” and an average target price of $7.08.

About Concrete Pumping

Concrete Pumping Holdings, Inc provides concrete pumping and concrete waste management services. The company offers concrete pumping services under the Brundage-Bone brand and concrete waste management services under the Eco-Pan brand in the United States; and concrete pumping services under the Camfaud brand in the United Kingdom.

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