Wall Street brokerages expect Continental Building (NYSE:CBPX) to announce earnings per share of $0.44 for the current quarter, according to Zacks. Five analysts have made estimates for Continental Building’s earnings. The highest EPS estimate is $0.46 and the lowest is $0.41. Continental Building reported earnings per share of $0.32 during the same quarter last year, which would suggest a positive year over year growth rate of 37.5%. The business is expected to issue its next quarterly earnings results on Thursday, August 2nd.
On average, analysts expect that Continental Building will report full-year earnings of $1.78 per share for the current financial year, with EPS estimates ranging from $1.72 to $1.86. For the next year, analysts expect that the business will report earnings of $2.10 per share, with EPS estimates ranging from $1.97 to $2.19. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Continental Building.
Continental Building (NYSE:CBPX) last announced its quarterly earnings data on Thursday, May 3rd. The construction company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). Continental Building had a net margin of 12.62% and a return on equity of 16.88%. The company had revenue of $116.80 million for the quarter, compared to analyst estimates of $118.77 million. During the same quarter in the prior year, the company posted $0.22 EPS. Continental Building’s revenue for the quarter was down 3.2% on a year-over-year basis.
CBPX has been the topic of several research reports. Citigroup dropped their price objective on shares of Continental Building from $13.00 to $11.50 and set a “neutral” rating on the stock in a report on Thursday, January 25th. Zacks Investment Research upgraded shares of Continental Building from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective on the stock in a report on Tuesday, February 13th. Raymond James initiated coverage on shares of Continental Building in a report on Tuesday, March 13th. They set a “market perform” rating on the stock. Deutsche Bank upped their price objective on shares of Continental Building from $28.00 to $29.00 and gave the company a “hold” rating in a report on Tuesday, February 27th. Finally, ValuEngine upgraded shares of Continental Building from a “hold” rating to a “buy” rating in a report on Thursday. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $30.43.
Several institutional investors and hedge funds have recently bought and sold shares of CBPX. Gratia Capital LLC acquired a new stake in shares of Continental Building in the 4th quarter worth about $9,177,000. SG Capital Management LLC acquired a new stake in shares of Continental Building in the 4th quarter worth about $6,438,000. Prudential Financial Inc. raised its holdings in shares of Continental Building by 31.8% in the 1st quarter. Prudential Financial Inc. now owns 744,583 shares of the construction company’s stock worth $21,258,000 after acquiring an additional 179,821 shares during the last quarter. Macquarie Group Ltd. raised its holdings in shares of Continental Building by 8.0% in the 4th quarter. Macquarie Group Ltd. now owns 2,266,215 shares of the construction company’s stock worth $63,794,000 after acquiring an additional 168,226 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Continental Building by 269.4% in the 4th quarter. Deutsche Bank AG now owns 131,219 shares of the construction company’s stock worth $3,692,000 after acquiring an additional 95,692 shares during the last quarter.
Shares of NYSE CBPX opened at $29.65 on Wednesday. Continental Building has a 1-year low of $21.00 and a 1-year high of $31.00. The stock has a market cap of $1.09 billion, a PE ratio of 22.29 and a beta of 1.13. The company has a current ratio of 3.42, a quick ratio of 2.78 and a debt-to-equity ratio of 0.83.
Continental Building announced that its board has authorized a share buyback program on Thursday, February 22nd that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the construction company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
Continental Building 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.
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