Continental Building Products Inc (CBPX) Expected to Announce Quarterly Sales of $125.10 Million
Wall Street brokerages predict that Continental Building Products Inc (NYSE:CBPX) will post $125.10 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Continental Building Products’ earnings. The lowest sales estimate is $124.30 million and the highest is $125.90 million. Continental Building Products posted sales of $118.22 million in the same quarter last year, which would indicate a positive year over year growth rate of 5.8%. The firm is scheduled to announce its next quarterly earnings results on Thursday, February 22nd.
According to Zacks, analysts expect that Continental Building Products will report full-year sales of $125.10 million for the current year, with estimates ranging from $482.10 million to $483.70 million. For the next year, analysts forecast that the company will post sales of $514.59 million per share, with estimates ranging from $506.60 million to $524.60 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that that provide coverage for Continental Building Products.
Continental Building Products (NYSE:CBPX) last released its quarterly earnings results on Thursday, November 9th. The construction company reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. Continental Building Products had a net margin of 10.13% and a return on equity of 15.80%. The business had revenue of $116.50 million for the quarter, compared to analysts’ expectations of $121.08 million. During the same period last year, the business earned $0.25 EPS. The company’s revenue was up 1.7% compared to the same quarter last year.
Institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP purchased a new position in shares of Continental Building Products in the 3rd quarter valued at approximately $1,465,000. Public Employees Retirement System of Ohio purchased a new position in Continental Building Products during the 3rd quarter worth approximately $2,625,000. State Street Corp raised its position in Continental Building Products by 6.1% during the 2nd quarter. State Street Corp now owns 762,246 shares of the construction company’s stock worth $17,765,000 after buying an additional 43,516 shares during the last quarter. Trexquant Investment LP purchased a new position in Continental Building Products during the 3rd quarter worth approximately $351,000. Finally, Nationwide Fund Advisors raised its position in Continental Building Products by 6.9% during the 3rd quarter. Nationwide Fund Advisors now owns 75,132 shares of the construction company’s stock worth $1,953,000 after buying an additional 4,819 shares during the last quarter. 99.56% of the stock is owned by hedge funds and other institutional investors.
Continental Building Products (NYSE:CBPX) traded up $0.20 during trading hours on Thursday, hitting $29.45. 104,060 shares of the stock were exchanged, compared to its average volume of 160,721. Continental Building Products has a twelve month low of $21.00 and a twelve month high of $31.00. The company has a market cap of $1,110.71, a PE ratio of 23.94 and a beta of 1.28. The company has a quick ratio of 2.46, a current ratio of 3.11 and a debt-to-equity ratio of 0.88.
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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