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

Concrete Pumping (NASDAQ:BBCP) announced its quarterly earnings results 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 return on equity of 1.04% and a negative net margin of 18.81%.

Shares of NASDAQ:BBCP traded up $0.45 during trading on Wednesday, hitting $5.00. The company’s stock had a trading volume of 13,184 shares, compared to its average volume of 302,234. The business has a 50 day moving average price of $3.71 and a two-hundred day moving average price of $3.72. The company has a market capitalization of $291 million, a PE ratio of -4.30 and a beta of 1.24. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.78 and a current ratio of 0.86. Concrete Pumping has a fifty-two week low of $1.82 and a fifty-two week high of $6.10.

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