Wall Street analysts expect Continental Building Products Inc (NYSE:CBPX) to report $121.26 million in sales for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Continental Building Products’ earnings. The lowest sales estimate is $113.64 million and the highest is $130.00 million. Continental Building Products reported sales of $116.80 million during the same quarter last year, which indicates a positive year-over-year growth rate of 3.8%. The firm is expected to issue its next earnings results on Thursday, May 2nd.

According to Zacks, analysts expect that Continental Building Products will report full year sales of $551.62 million for the current year, with estimates ranging from $542.20 million to $571.00 million. For the next financial year, analysts anticipate that the company will report sales of $580.70 million, with estimates ranging from $564.70 million to $601.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Continental Building Products.

Continental Building Products (NYSE:CBPX) last announced its earnings results on Thursday, February 21st. The construction company reported $0.56 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.56. The business had revenue of $140.76 million during the quarter, compared to the consensus estimate of $138.07 million. Continental Building Products had a return on equity of 22.50% and a net margin of 14.06%.

CBPX has been the subject of several research analyst reports. Zacks Investment Research downgraded Continental Building Products from a “buy” rating to a “sell” rating in a research note on Wednesday, January 9th. ValuEngine raised Continental Building Products from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Barclays set a $35.00 price target on Continental Building Products and gave the stock a “buy” rating in a research report on Wednesday, December 12th. Raymond James cut Continental Building Products from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, January 23rd. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of Continental Building Products in a research report on Monday, February 25th. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Continental Building Products currently has a consensus rating of “Hold” and an average price target of $32.50.

Shares of CBPX stock traded down $0.93 during trading hours on Friday, hitting $25.31. 300,200 shares of the company’s stock were exchanged, compared to its average volume of 364,562. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.09 and a quick ratio of 2.57. The company has a market cap of $953.20 million, a price-to-earnings ratio of 12.53, a PEG ratio of 2.49 and a beta of 1.38. Continental Building Products has a fifty-two week low of $24.11 and a fifty-two week high of $39.60.

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Continental Building Products by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 4,829,264 shares of the construction company’s stock valued at $181,339,000 after buying an additional 135,931 shares in the last quarter. Vanguard Group Inc grew its holdings in Continental Building Products by 2.9% in the 3rd quarter. Vanguard Group Inc now owns 4,829,264 shares of the construction company’s stock valued at $181,339,000 after buying an additional 135,931 shares in the last quarter. BlackRock Inc. grew its holdings in Continental Building Products by 7.4% in the 4th quarter. BlackRock Inc. now owns 2,684,833 shares of the construction company’s stock valued at $68,329,000 after buying an additional 184,492 shares in the last quarter. Macquarie Group Ltd. grew its holdings in 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 valued at $59,418,000 after buying an additional 73,900 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in 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 valued at $38,703,000 after buying an additional 9,259 shares in the last quarter. Hedge funds and other institutional investors own 97.42% of the company’s stock.

About Continental Building Products

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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