Equities research analysts expect Continental Building (NYSE:CBPX) to report $130.58 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Continental Building’s earnings. The lowest sales estimate is $128.94 million and the highest is $133.90 million. Continental Building reported sales of $120.63 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.2%. The firm is expected to issue its next earnings results on Thursday, August 2nd.
According to Zacks, analysts expect that Continental Building will report full-year sales of $518.81 million for the current fiscal year, with estimates ranging from $513.13 million to $529.00 million. For the next fiscal year, analysts anticipate that the company will post sales of $553.91 million per share, with estimates ranging from $543.63 million to $566.00 million. Zacks’ sales calculations are an average based on a survey of sell-side 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 Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $118.77 million. During the same quarter in the previous year, the firm posted $0.22 EPS. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year.
Several analysts have weighed in on CBPX shares. Zacks Investment Research upgraded Continental Building from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Wednesday, April 25th. ValuEngine upgraded Continental Building from a “hold” rating to a “buy” rating in a research report on Thursday. Deutsche Bank boosted their price objective on Continental Building from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Tuesday, February 27th. Raymond James started coverage on Continental Building in a research report on Tuesday, March 13th. They issued a “market perform” rating for the company. Finally, Citigroup lowered their price objective on Continental Building from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, February 27th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $30.43.
Shares of CBPX stock opened at $29.50 on Friday. The company has a quick ratio of 2.78, a current ratio of 3.42 and a debt-to-equity ratio of 0.83. Continental Building has a fifty-two week low of $29.15 and a fifty-two week high of $29.25. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 21.45 and a beta of 1.13.
Continental Building declared that its Board of Directors has approved a share repurchase plan on Thursday, February 22nd that allows the company to buyback $100.00 million in shares. This buyback authorization allows the construction company to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
Institutional investors have recently made changes to their positions in the stock. California Public Employees Retirement System raised its holdings in shares of Continental Building by 35.9% during the third quarter. California Public Employees Retirement System now owns 40,782 shares of the construction company’s stock valued at $1,060,000 after acquiring an additional 10,782 shares in the last quarter. Wells Fargo & Company MN grew its stake in Continental Building by 104.3% in the fourth quarter. Wells Fargo & Company MN now owns 98,124 shares of the construction company’s stock worth $2,762,000 after purchasing an additional 50,097 shares during the period. First Trust Advisors LP grew its stake in Continental Building by 128.3% in the fourth quarter. First Trust Advisors LP now owns 65,536 shares of the construction company’s stock worth $1,845,000 after purchasing an additional 36,829 shares during the period. Two Sigma Advisers LP grew its stake in Continental Building by 3.0% in the fourth quarter. Two Sigma Advisers LP now owns 227,032 shares of the construction company’s stock worth $6,391,000 after purchasing an additional 6,600 shares during the period. Finally, Geode Capital Management LLC grew its stake in Continental Building by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 330,851 shares of the construction company’s stock worth $9,313,000 after purchasing an additional 6,146 shares during the period.
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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