William Blair Has Negative Forecast for BBCP FY2025 Earnings

Key Points

• William Blair has lowered its FY2025 earnings estimate for CONCRETE PUMPING HOLDINGS, INC. (BBCP) to $0.07 per share, down from $0.09, significantly below the consensus estimate of $0.43 per share.
• Despite earnings forecasts being cut, shares of CONCRETE PUMPING have risen by 12.2%, with the stock currently valued at $7.64 and a market cap of approximately $397.51 million.
• The company's board initiated a $15 million stock repurchase plan, indicative of confidence that shares are undervalued, allowing the repurchase of up to 4.7% of its stock.

CONCRETE PUMPING HOLDINGS, INC. (NASDAQ:BBCP - Free Report) - Investment analysts at William Blair cut their FY2025 earnings per share (EPS) estimates for CONCRETE PUMPING in a research note issued on Friday, September 5th. William Blair analyst T. Mulrooney now forecasts that the company will post earnings per share of $0.07 for the year, down from their prior forecast of $0.09. The consensus estimate for CONCRETE PUMPING's current full-year earnings is $0.43 per share. William Blair also issued estimates for CONCRETE PUMPING's Q2 2026 earnings at $0.01 EPS and Q4 2026 earnings at $0.13 EPS.

A number of other analysts also recently issued reports on BBCP. Robert W. Baird raised their price target on CONCRETE PUMPING from $6.00 to $6.50 and gave the stock a "neutral" rating in a research report on Friday. Zacks Research upgraded CONCRETE PUMPING to a "hold" rating in a research report on Tuesday, August 12th. Finally, DA Davidson set a $8.00 target price on CONCRETE PUMPING and gave the stock a "buy" rating in a research report on Monday, June 9th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $7.25.

CONCRETE PUMPING Stock Up 12.2%

Shares of BBCP opened at $7.64 on Monday. The company has a market cap of $397.51 million, a PE ratio of 47.75 and a beta of 1.13. The business has a fifty day moving average of $6.86 and a 200 day moving average of $6.44. CONCRETE PUMPING has a 52-week low of $4.78 and a 52-week high of $9.68. The company has a quick ratio of 1.64, a current ratio of 1.75 and a debt-to-equity ratio of 1.60.

CONCRETE PUMPING (NASDAQ:BBCP - Get Free Report) last issued its quarterly earnings results on Thursday, September 4th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. The company had revenue of $103.68 million during the quarter, compared to the consensus estimate 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 last year, the company earned $0.13 earnings per share. CONCRETE PUMPING has set its FY 2025 guidance at EPS.

CONCRETE PUMPING declared that its board has initiated a stock repurchase plan on Thursday, June 5th that authorizes the company to repurchase $15.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 4.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

Hedge Funds Weigh In On CONCRETE PUMPING

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

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.

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