Brokerages forecast that Continental Building Products Inc (NYSE:CBPX) will post $0.34 earnings per share for the current quarter, according to Zacks. Five analysts have made estimates for Continental Building Products’ earnings, with the lowest EPS estimate coming in at $0.27 and the highest estimate coming in at $0.42. Continental Building Products reported earnings of $0.36 per share in the same quarter last year, which would indicate a negative year over year growth rate of 5.6%. The company is expected to issue its next earnings results after the market closes on Thursday, May 2nd.

According to Zacks, analysts expect that Continental Building Products will report full-year earnings of $2.12 per share for the current year, with EPS estimates ranging from $1.99 to $2.15. For the next financial year, analysts expect that the firm will post earnings of $2.20 per share, with EPS estimates ranging from $1.85 to $2.40. Zacks Investment Research’s earnings per share calculations 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 issued its earnings results on Thursday, February 21st. The construction company reported $0.56 EPS for the quarter, meeting the consensus estimate of $0.56. The company had revenue of $140.76 million during the quarter, compared to analysts’ expectations of $138.07 million. Continental Building Products had a net margin of 14.06% and a return on equity of 22.50%.

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada cut shares of Continental Building Products from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $30.00 to $26.00 in a research report on Wednesday. ValuEngine cut shares of Continental Building Products from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. Zacks Investment Research upgraded shares of Continental Building Products from a “sell” rating to a “hold” rating in a research report on Monday, March 11th. Seaport Global Securities reiterated a “neutral” rating on shares of Continental Building Products in a research report on Monday, February 25th. Finally, Stephens reiterated a “hold” rating and set a $28.00 price objective on shares of Continental Building Products in a research report on Sunday, January 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $31.78.

In other Continental Building Products news, CFO Dennis Charles Schemm sold 1,569 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $25.43, for a total transaction of $39,899.67. Following the sale, the chief financial officer now directly owns 56,157 shares of the company’s stock, valued at approximately $1,428,072.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.78% of the company’s stock.

Several large investors have recently bought and sold shares of CBPX. Wells Fargo & Company MN boosted its stake in shares of Continental Building Products by 26.4% in the 3rd quarter. Wells Fargo & Company MN now owns 71,833 shares of the construction company’s stock valued at $2,697,000 after purchasing an additional 15,013 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Continental Building Products by 1.8% in the 3rd quarter. BlackRock Inc. now owns 2,500,341 shares of the construction company’s stock valued at $93,888,000 after purchasing an additional 44,222 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Continental Building Products by 5.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 604,246 shares of the construction company’s stock valued at $22,689,000 after acquiring an additional 31,328 shares during the period. First Republic Investment Management Inc. acquired a new position in shares of Continental Building Products during the 3rd quarter valued at $278,000. Finally, Verition Fund Management LLC acquired a new position in shares of Continental Building Products during the 3rd quarter valued at $388,000.

CBPX stock traded up $0.23 during trading on Friday, reaching $24.93. 240,960 shares of the company were exchanged, compared to its average volume of 279,890. The stock has a market cap of $878.88 million, a price-to-earnings ratio of 12.34, a P/E/G ratio of 2.36 and a beta of 1.35. Continental Building Products has a twelve month low of $23.09 and a twelve month high of $39.60. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.09 and a quick ratio of 2.57.

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.

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

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