Wall Street analysts expect Continental Building Products Inc (NYSE:CBPX) to report earnings of $0.48 per share for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Continental Building Products’ earnings. The lowest EPS estimate is $0.39 and the highest is $0.54. Continental Building Products reported earnings of $0.29 per share in the same quarter last year, which suggests a positive year over year growth rate of 65.5%. The business is expected to issue its next quarterly earnings report on Thursday, November 8th.
According to Zacks, analysts expect that Continental Building Products will report full-year earnings of $2.03 per share for the current fiscal year, with EPS estimates ranging from $1.90 to $2.15. For the next financial year, analysts forecast that the firm will report earnings of $2.37 per share, with EPS estimates ranging from $2.18 to $2.50. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Continental Building Products.
Continental Building Products (NYSE:CBPX) last posted its quarterly earnings data on Thursday, August 2nd. The construction company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.15. The business had revenue of $139.27 million during the quarter, compared to analyst estimates of $130.37 million. Continental Building Products had a return on equity of 19.57% and a net margin of 14.04%. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period last year, the company earned $0.32 EPS.
CBPX has been the subject of several analyst reports. Deutsche Bank raised their price objective on Continental Building Products from $29.00 to $33.00 and gave the company a “hold” rating in a research note on Monday, June 25th. ValuEngine raised Continental Building Products from a “hold” rating to a “buy” rating in a research note on Tuesday, August 7th. Zacks Investment Research raised Continental Building Products from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Wednesday, August 8th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $35.00 price objective on shares of Continental Building Products in a research note on Friday, August 3rd. Finally, Raymond James raised Continental Building Products from a “market perform” rating to a “strong-buy” rating and set a $40.00 price objective for the company in a research note on Monday, August 6th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $35.89.
NYSE:CBPX opened at $38.60 on Friday. The company has a market capitalization of $1.41 billion, a PE ratio of 29.02, a P/E/G ratio of 0.62 and a beta of 1.19. Continental Building Products has a 1 year low of $24.25 and a 1 year high of $39.60. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.86 and a quick ratio of 3.21.
In related news, SVP Dennis Romps sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $36.20, for a total transaction of $362,000.00. Following the completion of the sale, the senior vice president now directly owns 31,265 shares of the company’s stock, valued at approximately $1,131,793. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.52% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of CBPX. SG Americas Securities LLC lifted its stake in shares of Continental Building Products by 77.2% during the 1st quarter. SG Americas Securities LLC now owns 7,361 shares of the construction company’s stock worth $210,000 after acquiring an additional 3,206 shares during the last quarter. Trexquant Investment LP bought a new stake in shares of Continental Building Products during the 1st quarter worth approximately $380,000. Prudential Financial Inc. increased its holdings in Continental Building Products by 31.8% during the 1st quarter. Prudential Financial Inc. now owns 744,583 shares of the construction company’s stock worth $21,258,000 after purchasing an additional 179,821 shares during the period. LSV Asset Management increased its holdings in Continental Building Products by 26.3% during the 1st quarter. LSV Asset Management now owns 23,500 shares of the construction company’s stock worth $670,000 after purchasing an additional 4,900 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its holdings in Continental Building Products by 204.2% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 21,153 shares of the construction company’s stock worth $604,000 after purchasing an additional 14,199 shares during the period. 97.88% of the stock is owned by hedge funds and other institutional investors.
About Continental Building Products
Continental Building Products, Inc manufactures and sells gypsum wallboard and complementary finishing products in the eastern United States and eastern Canada. The company sells its products to gypsum wallboard distributors, buying groups, wholesalers, and mass merchants in the new residential, repair and remodel, and commercial construction markets under the LiftLite, Mold Defense, and Weather Defense brand names.
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