Equities analysts expect that Continental Building (NYSE:CBPX) will announce earnings of $0.36 per share for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Continental Building’s earnings. The lowest EPS estimate is $0.31 and the highest is $0.41. Continental Building posted earnings of $0.32 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.5%. The firm is scheduled to announce its next earnings results on Thursday, May 3rd.

On average, analysts expect that Continental Building will report full-year earnings of $1.77 per share for the current financial year, with EPS estimates ranging from $1.65 to $1.96. For the next fiscal year, analysts forecast that the business will report earnings of $2.10 per share, with EPS estimates ranging from $1.90 to $2.38. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Continental Building.

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Continental Building (NYSE:CBPX) last issued its quarterly earnings data on Thursday, February 22nd. The construction company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.08. The firm had revenue of $131.39 million during the quarter, compared to the consensus estimate of $125.40 million. Continental Building had a return on equity of 16.58% and a net margin of 12.23%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 EPS.

Several research analysts have weighed in on the company. Zacks Investment Research downgraded Continental Building from a “buy” rating to a “hold” rating in a report on Tuesday, March 27th. Raymond James Financial assumed coverage on Continental Building in a report on Tuesday, March 13th. They issued a “market perform” rating for the company. Citigroup cut their price target on Continental Building from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Tuesday, February 27th. Deutsche Bank boosted their price target on Continental Building from $28.00 to $29.00 and gave the company a “hold” rating in a report on Tuesday, February 27th. Finally, SunTrust Banks downgraded Continental Building from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $30.29.

Several hedge funds and other institutional investors have recently made changes to their positions in CBPX. Gratia Capital LLC purchased a new stake in shares of Continental Building during the 4th quarter valued at $9,177,000. Point72 Asset Management L.P. purchased a new stake in shares of Continental Building during the 3rd quarter valued at $7,223,000. SG Capital Management LLC purchased a new stake in shares of Continental Building during the 4th quarter valued at $6,438,000. Macquarie Group Ltd. grew its stake in shares of Continental Building by 8.0% during the 4th quarter. Macquarie Group Ltd. now owns 2,266,215 shares of the construction company’s stock valued at $63,794,000 after buying an additional 168,226 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of Continental Building by 35.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 469,209 shares of the construction company’s stock valued at $12,201,000 after buying an additional 122,474 shares during the period.

CBPX traded up $0.65 during trading on Wednesday, hitting $29.15. The company’s stock had a trading volume of 35,715 shares, compared to its average volume of 235,787. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.76 and a current ratio of 3.32. The company has a market capitalization of $1,067.07, a PE ratio of 21.43 and a beta of 1.12. Continental Building has a twelve month low of $21.00 and a twelve month high of $31.00.

Continental Building announced that its Board of Directors has initiated a stock buyback plan on Thursday, February 22nd that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the construction company to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

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About Continental Building

Continental Building Products, Inc manufactures and sells gypsum wallboard and complementary finishing products in the eastern United States and eastern Canada. The company sells its products to gypsum wallboard distributors, buying groups, wholesalers, and mass merchants in the new residential, repair and remodel, and commercial construction markets under the LiftLite, Mold Defense, and Weather Defense brand names.

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