DA Davidson Forecasts Stronger Earnings for CONCRETE PUMPING

Key Points

• DA Davidson has raised its FY2025 EPS estimate for Concrete Pumping to $0.07 per share, up from $0.04, maintaining a "Buy" rating and a price target of $8.50.
• The company recently reported earnings of $0.07 per share for the latest quarter, surpassing analyst expectations, and had revenue of $103.68 million.
• Concrete Pumping has initiated a $15 million stock repurchase program, indicating the board believes the shares are undervalued.

CONCRETE PUMPING HOLDINGS, INC. (NASDAQ:BBCP - Free Report) - Research analysts at DA Davidson raised their FY2025 earnings per share (EPS) estimates for shares of CONCRETE PUMPING in a report issued on Monday, September 8th. DA Davidson analyst B. Thielman now expects that the company will earn $0.07 per share for the year, up from their previous forecast of $0.04. DA Davidson currently has a "Buy" rating and a $8.50 target price on the stock. The consensus estimate for CONCRETE PUMPING's current full-year earnings is $0.43 per share.

Several other research firms have also commented on BBCP. Zacks Research upgraded CONCRETE PUMPING to a "hold" rating in a research note on Tuesday, August 12th. Robert W. Baird upped their price objective on CONCRETE PUMPING from $6.00 to $6.50 and gave the stock a "neutral" rating in a research note on Friday, September 5th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $7.50.

CONCRETE PUMPING Stock Performance

Shares of NASDAQ:BBCP traded down $0.07 during midday trading on Wednesday, hitting $7.07. The company had a trading volume of 64,009 shares, compared to its average volume of 96,337. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.75 and a quick ratio of 1.64. The company has a market cap of $363.89 million, a price-to-earnings ratio of 44.19 and a beta of 1.13. CONCRETE PUMPING has a 12-month low of $4.78 and a 12-month high of $9.68. The company has a fifty day moving average of $6.94 and a two-hundred day moving average of $6.46.

CONCRETE PUMPING (NASDAQ:BBCP - Get Free Report) last posted its quarterly earnings data on Thursday, September 4th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. The firm had revenue of $103.68 million during the quarter, compared to analyst estimates of $99.76 million. CONCRETE PUMPING had a return on equity of 4.19% and a net margin of 2.65%.During the same period in the prior year, the business posted $0.13 EPS. CONCRETE PUMPING has set its FY 2025 guidance at EPS.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC bought a new position in shares of CONCRETE PUMPING during the 1st quarter valued at about $54,000. Cubist Systematic Strategies LLC bought a new position in shares of CONCRETE PUMPING during the 4th quarter valued at about $55,000. Strs Ohio bought a new position in shares of CONCRETE PUMPING during the 1st quarter valued at about $62,000. XTX Topco Ltd bought a new position in shares of CONCRETE PUMPING during the 1st quarter valued at about $69,000. Finally, Kathmere Capital Management LLC bought a new position in shares of CONCRETE PUMPING during the 2nd quarter valued at about $70,000. Institutional investors own 34.20% of the company's stock.

CONCRETE PUMPING declared that its board has approved a stock repurchase plan on Thursday, June 5th that authorizes the company to buyback $15.00 million in shares. This buyback authorization authorizes the company to reacquire up to 4.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its shares are undervalued.

About CONCRETE PUMPING

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 Capital Pumping brands; and industrial cleanup and containment services primarily to customers in the construction industry under the Eco-Pan brand.