Zacks: Analysts Expect Continental Building Products Inc (CBPX) Will Post Quarterly Sales of $138.07 Million
Wall Street analysts forecast that Continental Building Products Inc (NYSE:CBPX) will post sales of $138.07 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Continental Building Products’ earnings. The highest sales estimate is $143.00 million and the lowest is $128.80 million. Continental Building Products reported sales of $131.39 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.1%. The company is expected to announce its next quarterly earnings results after the market closes on Thursday, February 21st.
On average, analysts expect that Continental Building Products will report full-year sales of $525.31 million for the current year, with estimates ranging from $516.10 million to $530.00 million. For the next fiscal year, analysts anticipate that the firm will report sales of $548.94 million, with estimates ranging from $535.30 million to $571.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Continental Building Products.
Several equities analysts have issued reports on CBPX shares. Raymond James cut their target price on Continental Building Products from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Wednesday, October 24th. ValuEngine upgraded Continental Building Products from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Barclays set a $35.00 price target on Continental Building Products and gave the stock a “buy” rating in a report on Wednesday, December 12th. Stephens restated a “hold” rating and set a $28.00 price objective on shares of Continental Building Products in a research note on Sunday, January 27th. Finally, Citigroup lowered their target price on Continental Building Products from $36.00 to $33.00 and set a “hold” rating for the company in a report on Monday, November 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $32.50.
A number of hedge funds and other institutional investors have recently modified their holdings of CBPX. NumerixS Investment Technologies Inc lifted its holdings in Continental Building Products by 20.7% in the fourth quarter. NumerixS Investment Technologies Inc now owns 4,466 shares of the construction company’s stock valued at $113,000 after buying an additional 766 shares during the period. Stone Ridge Asset Management LLC lifted its position in Continental Building Products by 13.0% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 17,071 shares of the construction company’s stock valued at $641,000 after acquiring an additional 1,967 shares during the period. Stanley Laman Group Ltd. raised its holdings in shares of Continental Building Products by 5.7% during the third quarter. Stanley Laman Group Ltd. now owns 41,619 shares of the construction company’s stock valued at $1,563,000 after purchasing an additional 2,259 shares during the last quarter. Citigroup Inc. boosted its position in shares of Continental Building Products by 13.8% in the fourth quarter. Citigroup Inc. now owns 19,967 shares of the construction company’s stock worth $508,000 after purchasing an additional 2,414 shares during the period. Finally, LPL Financial LLC boosted its position in shares of Continental Building Products by 20.3% during the fourth quarter. LPL Financial LLC now owns 14,932 shares of the construction company’s stock worth $380,000 after acquiring an additional 2,520 shares during the last quarter. Hedge funds and other institutional investors own 97.77% of the company’s stock.
Shares of NYSE:CBPX opened at $27.04 on Thursday. The company has a current ratio of 4.01, a quick ratio of 3.32 and a debt-to-equity ratio of 0.75. Continental Building Products has a twelve month low of $24.11 and a twelve month high of $39.60. The company has a market capitalization of $975.57 million, a PE ratio of 20.33, a price-to-earnings-growth ratio of 1.31 and a beta of 1.35.
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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