Concrete Pumping (NASDAQ:BBCP) Announces Earnings Results, Misses Expectations By $0.10 EPS

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

NASDAQ:BBCP traded up $0.46 on Wednesday, hitting $5.01. 13,384 shares of the stock were exchanged, compared to its average volume of 302,234. Concrete Pumping has a fifty-two week low of $1.82 and a fifty-two week high of $6.10. The stock has a fifty day moving average of $3.71 and a 200-day moving average of $3.72. 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 market cap of $291.58 million, a PE ratio of -4.30 and a beta of 1.24.

Several brokerages recently issued reports on BBCP. DA Davidson upgraded shares of Concrete Pumping from a “neutral” rating to a “buy” rating and set a $5.00 price target for the company in a research note on Monday, December 14th. Robert W. Baird upgraded shares of Concrete Pumping from a “neutral” rating to an “outperform” rating and set a $5.00 price objective on the stock in a research report on Tuesday, January 5th. ValuEngine raised shares of Concrete Pumping from a “hold” rating to a “buy” rating in a research note on Saturday, November 21st. B. Riley lowered their target price on shares of Concrete Pumping from $6.75 to $6.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, BidaskClub upgraded shares of Concrete Pumping from a “hold” rating to a “buy” rating in a report on Thursday, January 7th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus 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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