Concrete Pumping (NASDAQ:BBCP) Posts Earnings Results

Concrete Pumping (NASDAQ:BBCP) issued its quarterly earnings data 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. The business had revenue of $83.95 million for the quarter, compared to analyst estimates of $84.38 million. Concrete Pumping had a negative net margin of 1.68% and a negative return on equity of 1.83%. Concrete Pumping updated its FY 2020
After-Hours guidance to EPS.

Shares of NASDAQ BBCP traded down $0.24 during trading on Thursday, hitting $4.99. The stock had a trading volume of 915 shares, compared to its average volume of 73,606. The firm has a fifty day moving average of $5.04 and a two-hundred day moving average of $4.28. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.60 and a current ratio of 0.65. Concrete Pumping has a 12 month low of $3.16 and a 12 month high of $12.73.

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

Concrete Pumping Company Profile

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.

Featured Story: Accumulation/Distribution

Receive News & Ratings for Concrete Pumping Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Concrete Pumping and related companies with MarketBeat.com's FREE daily email newsletter.