DA Davidson Has Negative Estimate for BBCP FY2025 Earnings

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP - Free Report) - Investment analysts at DA Davidson decreased their FY2025 earnings per share estimates for shares of Concrete Pumping in a report released on Monday, June 9th. DA Davidson analyst B. Thielman now forecasts that the company will post earnings of $0.04 per share for the year, down from their previous estimate of $0.22. DA Davidson currently has a "Buy" rating and a $8.00 price target on the stock. The consensus estimate for Concrete Pumping's current full-year earnings is $0.43 per share. DA Davidson also issued estimates for Concrete Pumping's FY2026 earnings at $0.15 EPS.

Separately, Robert W. Baird dropped their target price on shares of Concrete Pumping from $6.50 to $6.00 and set a "neutral" rating on the stock in a report on Friday, June 6th.

Concrete Pumping Trading Up 0.8%

Shares of NASDAQ:BBCP traded up $0.05 during mid-day trading on Wednesday, reaching $6.18. The stock had a trading volume of 43,459 shares, compared to its average volume of 177,607. Concrete Pumping has a twelve month low of $4.78 and a twelve month high of $9.68. The company has a current ratio of 1.99, a quick ratio of 1.89 and a debt-to-equity ratio of 1.16. The firm has a market cap of $327.86 million, a PE ratio of 23.77 and a beta of 1.13. The firm has a 50 day simple moving average of $6.44 and a two-hundred day simple moving average of $6.74.

Concrete Pumping (NASDAQ:BBCP - Get Free Report) last posted its earnings results on Thursday, June 5th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.04). The firm had revenue of $93.96 million during the quarter, compared to the consensus estimate of $99.02 million. Concrete Pumping had a return on equity of 6.19% and a net margin of 3.81%.

Concrete Pumping declared that its board has approved a share repurchase program on Thursday, June 5th that allows the company to buyback $15.00 million in shares. This buyback authorization allows the company to buy up to 4.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its shares are undervalued.

Institutional Investors Weigh In On Concrete Pumping

Institutional investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC acquired a new position in shares of Concrete Pumping in the 4th quarter valued at approximately $55,000. Acadian Asset Management LLC bought a new position in Concrete Pumping in the first quarter valued at approximately $54,000. MetLife Investment Management LLC raised its position in Concrete Pumping by 54.0% during the fourth quarter. MetLife Investment Management LLC now owns 11,202 shares of the company's stock valued at $75,000 after purchasing an additional 3,928 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new stake in Concrete Pumping during the fourth quarter worth $75,000. Finally, Strs Ohio bought a new stake in Concrete Pumping during the first quarter worth $62,000. 34.20% of the stock is currently owned by institutional investors.

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.