Wall Street brokerages predict that Continental Building Products Inc (NYSE:CBPX) will post sales of $132.10 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Continental Building Products’ earnings, with estimates ranging from $128.10 million to $137.00 million. Continental Building Products reported sales of $139.27 million during the same quarter last year, which suggests a negative year over year growth rate of 5.1%. The company is expected to issue its next earnings report after the market closes on Thursday, August 1st.

On average, analysts expect that Continental Building Products will report full-year sales of $522.00 million for the current financial year, with estimates ranging from $517.70 million to $529.00 million. For the next financial year, analysts forecast that the firm will post sales of $537.09 million, with estimates ranging from $517.00 million to $548.96 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Continental Building Products.

Continental Building Products (NYSE:CBPX) last released its earnings results on Thursday, May 2nd. The construction company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.34 by $0.08. Continental Building Products had a return on equity of 22.48% and a net margin of 14.35%. The business had revenue of $122.03 million during the quarter, compared to analysts’ expectations of $116.07 million. During the same quarter last year, the firm posted $0.36 earnings per share. The firm’s revenue was up 4.5% on a year-over-year basis.

A number of analysts have issued reports on CBPX shares. Zacks Investment Research downgraded German American Bancorp. from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Royal Bank of Canada set a $60.00 price objective on shares of Masonite International and gave the stock a “buy” rating in a research note on Friday, May 3rd. ValuEngine upgraded shares of XOMA from a “sell” rating to a “hold” rating in a research note on Friday, May 24th. Finally, Seaport Global Securities restated a “neutral” rating on shares of Continental Building Products in a research note on Monday, May 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $31.75.

Continental Building Products stock traded down $0.75 during mid-day trading on Wednesday, reaching $24.53. The stock had a trading volume of 74,033 shares, compared to its average volume of 283,319. The company has a debt-to-equity ratio of 0.77, a current ratio of 4.40 and a quick ratio of 3.53. Continental Building Products has a fifty-two week low of $22.35 and a fifty-two week high of $39.60. The company has a 50-day simple moving average of $25.11. The stock has a market cap of $877.74 million, a price-to-earnings ratio of 12.14, a PEG ratio of 2.68 and a beta of 1.45.

Several institutional investors have recently added to or reduced their stakes in CBPX. Ellis Investment Partners LLC bought a new position in shares of Continental Building Products during the 1st quarter valued at about $55,000. Pearl River Capital LLC acquired a new position in shares of Continental Building Products during the 1st quarter worth approximately $60,000. Quantamental Technologies LLC increased its holdings in shares of Continental Building Products by 25.4% during the 1st quarter. Quantamental Technologies LLC now owns 5,868 shares of the construction company’s stock worth $145,000 after acquiring an additional 1,188 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Continental Building Products by 16.6% during the 4th quarter. Legal & General Group Plc now owns 6,703 shares of the construction company’s stock worth $171,000 after acquiring an additional 953 shares during the last quarter. Finally, Cipher Capital LP acquired a new position in shares of Continental Building Products during the 4th quarter worth approximately $209,000.

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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