Wall Street brokerages expect Continental Building Products Inc (NYSE:CBPX) to report sales of $125.64 million for the current quarter, Zacks reports. Two analysts have provided estimates for Continental Building Products’ earnings. The lowest sales estimate is $125.38 million and the highest is $125.90 million. Continental Building Products posted sales of $118.22 million during the same quarter last year, which would indicate a positive year over year growth rate of 6.3%. The business is scheduled to issue its next earnings report on Thursday, February 22nd.

On average, analysts expect that Continental Building Products will report full year sales of $125.64 million for the current fiscal year, with estimates ranging from $483.15 million to $489.47 million. For the next financial year, analysts anticipate that the business will report sales of $519.69 million per share, with estimates ranging from $515.35 million to $524.60 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Continental Building Products.

Continental Building Products (NYSE:CBPX) last announced its quarterly earnings results on Thursday, November 9th. The construction company reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. The firm had revenue of $116.50 million during the quarter, compared to the consensus estimate of $121.08 million. Continental Building Products had a net margin of 10.13% and a return on equity of 15.80%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the firm posted $0.25 EPS.

Several research firms have weighed in on CBPX. SunTrust Banks restated a “buy” rating and issued a $30.00 price objective on shares of Continental Building Products in a research report on Monday, October 2nd. Zacks Investment Research upgraded shares of Continental Building Products from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Monday, August 7th. BidaskClub upgraded shares of Continental Building Products from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Barclays lifted their price target on shares of Continental Building Products from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, November 10th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $30.00 price target on shares of Continental Building Products in a research report on Wednesday, November 15th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $28.25.

Continental Building Products (NYSE CBPX) traded down $0.35 on Tuesday, reaching $27.35. 302,000 shares of the company’s stock traded hands, compared to its average volume of 346,623. The company has a quick ratio of 2.46, a current ratio of 3.11 and a debt-to-equity ratio of 0.88. The firm has a market cap of $1,044.71, a PE ratio of 22.34 and a beta of 1.28. Continental Building Products has a 52-week low of $21.00 and a 52-week high of $27.95.

Institutional investors and hedge funds have recently made changes to their positions in the business. Alps Advisors Inc. lifted its position in shares of Continental Building Products by 0.3% in the second quarter. Alps Advisors Inc. now owns 18,560 shares of the construction company’s stock worth $432,000 after purchasing an additional 48 shares in the last quarter. First Mercantile Trust Co. lifted its position in shares of Continental Building Products by 1.8% in the second quarter. First Mercantile Trust Co. now owns 6,230 shares of the construction company’s stock worth $145,000 after purchasing an additional 110 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of Continental Building Products by 0.9% in the second quarter. California State Teachers Retirement System now owns 70,036 shares of the construction company’s stock worth $1,632,000 after purchasing an additional 654 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Continental Building Products by 6.7% in the second quarter. PNC Financial Services Group Inc. now owns 12,800 shares of the construction company’s stock worth $298,000 after purchasing an additional 800 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Continental Building Products by 9.5% in the second quarter. Legal & General Group Plc now owns 9,279 shares of the construction company’s stock worth $216,000 after purchasing an additional 802 shares in the last quarter. 99.17% of the stock is currently owned by hedge funds and other institutional investors.

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About Continental Building Products

Continental Building Products, Inc is a manufacturer of gypsum wallboard and complementary finishing products. The Company operates through wallboard segment. Gypsum wallboard is a primary building material used in residential and commercial construction and in repair and remodel (R&R). It offers customers a range of gypsum wallboard products, including LiftLite, its lightweight product designed to lift and install; its Mold Defense line of products designed for protection against mold and mildew, and its Weather Defense line of moisture and mold-resistant exterior sheathing.

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