Concrete Pumping Stock Price, News & Analysis (NASDAQ:BBCP)

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Concrete Pumping in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BBCP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BBCP, but not buy additional shares or sell existing shares.
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2 analysts have issued 1 year price objectives for Concrete Pumping's stock. Their BBCP share price targets range from $8.50 to $8.50. On average, they expect the company's share price to reach $8.50 in the next year. This suggests a possible upside of 5.5% from the stock's current price.
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Concrete Pumping's stock was trading at $5.85 at the start of the year. Since then, BBCP shares have increased by 37.8% and is now trading at $8.06.
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Concrete Pumping saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 636,900 shares, an increase of 5.0% from the October 31st total of 606,300 shares. Based on an average trading volume of 80,700 shares, the short-interest ratio is currently 7.9 days. Approximately 2.7% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, January 22nd 2024.
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Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) released its earnings results on Thursday, September, 7th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. The business had revenue of $120.67 million for the quarter, compared to analyst estimates of $115.22 million. Concrete Pumping had a net margin of 7.08% and a trailing twelve-month return on equity of 10.34%.

Concrete Pumping issued an update on its FY 2023 earnings guidance on Thursday, September, 7th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $440.00 million-$440.00 million, compared to the consensus revenue estimate of $438.23 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other Concrete Pumping investors own include Energy Transfer (ET), Dynavax Technologies (DVAX), Maxar Technologies (MAXR), General Electric (GE), Aurora Cannabis (ACB), Southwest Airlines (LUV), Pfizer (PFE), Enterprise Products Partners (EPD), Inseego (INSG) and NIO (NIO).

Concrete Pumping's stock is owned by many different institutional and retail investors. Top institutional investors include Jennison Associates LLC (3.33%), Diamond Hill Capital Management Inc. (2.21%), Invesco Ltd. (1.08%), Legato Capital Management LLC (0.91%), New York State Common Retirement Fund (0.83%) and Northern Trust Corp (0.38%).
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Shares of BBCP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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