Analysts Anticipate Continental Building (CBPX) Will Announce Quarterly Sales of $118.04 Million

Analysts expect that Continental Building (NYSE:CBPX) will post $118.04 million in sales for the current quarter, according to Zacks. Five analysts have provided estimates for Continental Building’s earnings, with the lowest sales estimate coming in at $115.00 million and the highest estimate coming in at $119.80 million. Continental Building reported sales of $120.62 million in the same quarter last year, which would suggest a negative year over year growth rate of 2.1%. The company is scheduled to issue its next quarterly earnings results after the market closes on Thursday, May 3rd.

According to Zacks, analysts expect that Continental Building will report full year sales of $516.14 million for the current financial year, with estimates ranging from $513.13 million to $518.10 million. For the next year, analysts forecast that the business will post sales of $552.13 million per share, with estimates ranging from $543.63 million to $555.90 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Continental Building.

Continental Building (NYSE:CBPX) last announced its quarterly earnings results on Thursday, February 22nd. The construction company reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.08. The firm had revenue of $131.39 million during the quarter, compared to the consensus estimate of $125.40 million. Continental Building had a return on equity of 16.58% and a net margin of 12.23%. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.32 earnings per share.

A number of brokerages recently issued reports on CBPX. SunTrust Banks downgraded Continental Building from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Zacks Investment Research raised Continental Building from a “sell” rating to a “hold” rating in a report on Tuesday, January 30th. Citigroup lowered their price target on Continental Building from $13.00 to $11.50 and set a “neutral” rating for the company in a report on Thursday, January 25th. Barclays raised Continental Building from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $27.00 to $33.00 in a report on Friday, January 5th. Finally, Deutsche Bank boosted their price objective on Continental Building from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Tuesday, February 27th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $30.43.

Hedge funds and other institutional investors have recently modified their holdings of the business. Ladenburg Thalmann Financial Services Inc. lifted its stake in Continental Building by 154.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,983 shares of the construction company’s stock valued at $112,000 after buying an additional 2,417 shares during the last quarter. SG Americas Securities LLC lifted its stake in Continental Building by 77.2% in the first quarter. SG Americas Securities LLC now owns 7,361 shares of the construction company’s stock valued at $210,000 after buying an additional 3,206 shares during the last quarter. Minerva Advisors LLC purchased a new stake in Continental Building in the fourth quarter valued at approximately $239,000. Teacher Retirement System of Texas purchased a new stake in Continental Building in the fourth quarter valued at approximately $379,000. Finally, Stone Ridge Asset Management LLC purchased a new stake in Continental Building in the fourth quarter valued at approximately $411,000.

CBPX traded down $0.15 on Monday, reaching $27.65. The company’s stock had a trading volume of 74,127 shares, compared to its average volume of 227,184. The company has a quick ratio of 2.76, a current ratio of 3.32 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $1,037.12, a price-to-earnings ratio of 20.67 and a beta of 1.13. Continental Building has a fifty-two week low of $21.00 and a fifty-two week high of $31.00.

Continental Building announced that its Board of Directors has authorized a share buyback plan on Thursday, February 22nd that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the construction company to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Continental Building 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 (NYSE:CBPX)

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