Continental Building Products (CBPX) Earning Somewhat Positive Media Coverage, AlphaOne Reports
News headlines about Continental Building Products (NYSE:CBPX) have trended somewhat positive recently, according to Alpha One Sentiment Analysis. Alpha One, a unit of Accern, scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Continental Building Products earned a media sentiment score of 0.20 on Alpha One’s scale. Alpha One also gave news stories about the construction company an impact score of 68 out of 100, indicating that recent press coverage is likely to have an impact on the company’s share price in the immediate future.
Several research analysts have commented on the stock. Zacks Investment Research raised shares of Continental Building Products from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective for the company in a research note on Monday, February 27th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Continental Building Products in a research note on Monday. Finally, TheStreet raised shares of Continental Building Products from a “c” rating to a “b-” rating in a research note on Monday, February 6th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.40.
Shares of Continental Building Products (NYSE:CBPX) opened at 23.60 on Friday. Continental Building Products has a 12-month low of $18.35 and a 12-month high of $26.52. The company has a market capitalization of $940.63 million, a P/E ratio of 21.85 and a beta of 1.31. The company has a 50 day moving average price of $24.25 and a 200 day moving average price of $23.56.
Continental Building Products (NYSE:CBPX) last released its quarterly earnings results on Thursday, May 4th. The construction company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.06. Continental Building Products had a return on equity of 15.21% and a net margin of 9.27%. The business had revenue of $120.60 million for the quarter, compared to analysts’ expectations of $109.81 million. During the same quarter in the previous year, the firm posted $0.30 earnings per share. The company’s revenue was up 8.2% compared to the same quarter last year. Equities analysts anticipate that Continental Building Products will post $1.36 EPS for the current year.
In related news, VP Isabelle Shiffrin sold 3,104 shares of the business’s stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $25.80, for a total value of $80,083.20. Following the transaction, the vice president now owns 9,288 shares in the company, valued at $239,630.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.
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Continental Building Products Company Profile
Continental Building Products, Inc is a manufacturer of gypsum wallboard and complementary finishing products. The Company operates through wallboard segment. Gypsum wallboard is a primary building material used in residential and commercial construction and in repair and remodel (R&R). It offers customers a range of gypsum wallboard products, including LiftLite, its lightweight product designed to lift and install; its Mold Defense line of products designed for protection against mold and mildew, and its Weather Defense line of moisture and mold-resistant exterior sheathing.
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