Continental Building Products Inc (NYSE:CBPX) – Jefferies Financial Group dropped their Q2 2019 earnings per share (EPS) estimates for Continental Building Products in a research report issued to clients and investors on Thursday, July 18th. Jefferies Financial Group analyst P. Ng now expects that the construction company will post earnings per share of $0.49 for the quarter, down from their previous forecast of $0.52. Jefferies Financial Group also issued estimates for Continental Building Products’ Q3 2019 earnings at $0.43 EPS, Q4 2019 earnings at $0.45 EPS, FY2019 earnings at $1.78 EPS and FY2020 earnings at $1.74 EPS.

A number of other research analysts have also recently commented on CBPX. Zacks Investment Research cut German American Bancorp. from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Royal Bank of Canada set a $60.00 price target on Masonite International and gave the stock a “buy” rating in a report on Friday, May 3rd. ValuEngine raised XOMA from a “sell” rating to a “hold” rating in a report on Friday, May 24th. Finally, Seaport Global Securities reissued a “neutral” rating on shares of Continental Building Products in a report on Monday, May 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. Continental Building Products has an average rating of “Hold” and an average target price of $31.75.

CBPX stock opened at $24.91 on Friday. Continental Building Products has a twelve month low of $22.35 and a twelve month high of $39.60. The company has a current ratio of 4.40, a quick ratio of 3.53 and a debt-to-equity ratio of 0.77. The stock has a market cap of $856.90 million, a PE ratio of 12.33, a P/E/G ratio of 2.59 and a beta of 1.45. The company’s 50-day moving average is $24.83.

Continental Building Products (NYSE:CBPX) last posted its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.08. Continental Building Products had a return on equity of 22.48% and a net margin of 14.35%. The firm had revenue of $122.03 million for the quarter, compared to analysts’ expectations of $116.07 million. During the same period in the previous year, the firm earned $0.36 EPS. The business’s quarterly revenue was up 4.5% on a year-over-year basis.

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in shares of Continental Building Products by 7.4% during the 4th quarter. BlackRock Inc. now owns 2,684,833 shares of the construction company’s stock valued at $68,329,000 after purchasing an additional 184,492 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Continental Building Products by 3.3% in the 4th quarter. Macquarie Group Ltd. now owns 2,334,704 shares of the construction company’s stock worth $59,418,000 after buying an additional 73,900 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Continental Building Products by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,520,732 shares of the construction company’s stock worth $38,703,000 after buying an additional 9,259 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Continental Building Products by 8,501.4% in the 1st quarter. Victory Capital Management Inc. now owns 1,306,806 shares of the construction company’s stock worth $32,396,000 after buying an additional 1,291,613 shares during the period. Finally, Westwood Holdings Group Inc. lifted its holdings in shares of Continental Building Products by 37.9% in the 1st quarter. Westwood Holdings Group Inc. now owns 1,295,260 shares of the construction company’s stock worth $32,109,000 after buying an additional 356,125 shares during the period.

Continental Building Products Company Profile

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.

Featured Story: Different Types of Derivatives

Earnings History and Estimates for Continental Building Products (NYSE:CBPX)

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.