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.

A number of analysts have recently weighed in on CBPX shares. SunTrust Banks restated a “buy” rating and issued a $30.00 price target on shares of Continental Building Products in a report on Monday, October 2nd. BidaskClub raised shares of Continental Building Products from a “hold” rating to a “buy” rating in a research report on Friday, November 3rd. Barclays increased their price objective on shares of Continental Building Products from $25.00 to $27.00 and gave the company an “equal weight” rating in a research report on Friday, November 10th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Continental Building Products in a research report on Wednesday, November 15th. Finally, Zacks Investment Research raised shares of Continental Building Products from a “sell” rating to a “hold” rating in a research report on Thursday, November 16th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Continental Building Products has a consensus rating of “Buy” and a consensus target price of $29.40.

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.

COPYRIGHT VIOLATION WARNING: “Continental Building Products Inc (CBPX) Expected to Announce Quarterly Sales of $125.10 Million” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of US & international copyright law. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2018/01/21/continental-building-products-inc-cbpx-expected-to-announce-quarterly-sales-of-125-10-million.html.

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.

Get a free copy of the Zacks research report on Continental Building Products (CBPX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Continental Building Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Continental Building Products and related companies with MarketBeat.com's FREE daily email newsletter.