Continental Building Products Inc (CBPX) Expected to Post Quarterly Sales of $126.95 Million

Equities research analysts expect Continental Building Products Inc (NYSE:CBPX) to post $126.95 million in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Continental Building Products’ earnings. The highest sales estimate is $132.00 million and the lowest is $121.70 million. Continental Building Products reported sales of $116.53 million during the same quarter last year, which indicates a positive year over year growth rate of 8.9%. The company is expected to announce its next earnings results on Thursday, November 8th.

On average, analysts expect that Continental Building Products will report full-year sales of $525.70 million for the current year, with estimates ranging from $514.40 million to $536.00 million. For the next fiscal year, analysts forecast that the firm will report sales of $556.18 million per share, with estimates ranging from $528.60 million to $575.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Continental Building Products.

Continental Building Products (NYSE:CBPX) last posted its quarterly earnings data on Thursday, August 2nd. The construction company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.15. The business had revenue of $139.27 million during the quarter, compared to the consensus estimate of $130.37 million. Continental Building Products had a return on equity of 19.57% and a net margin of 14.04%. The company’s revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.32 earnings per share.

Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded Continental Building Products from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Wednesday, August 8th. Stephens set a $41.00 price target on Continental Building Products and gave the stock a “hold” rating in a research note on Tuesday, August 7th. ValuEngine upgraded Continental Building Products from a “hold” rating to a “buy” rating in a research note on Tuesday, August 7th. Raymond James upgraded Continental Building Products from a “market perform” rating to a “strong-buy” rating and set a $40.00 price target for the company in a research note on Monday, August 6th. Finally, SunTrust Banks restated a “hold” rating and set a $31.00 price target on shares of Continental Building Products in a research note on Friday, August 3rd. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $35.89.

Shares of Continental Building Products stock traded up $0.40 during trading hours on Monday, hitting $38.75. 277,701 shares of the company were exchanged, compared to its average volume of 233,535. Continental Building Products has a 1 year low of $21.40 and a 1 year high of $39.03. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.86 and a quick ratio of 3.21. The stock has a market capitalization of $1.39 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 0.63 and a beta of 1.12.

In related news, VP David Bruce Briggs sold 3,350 shares of the stock in a transaction on Thursday, June 7th. The stock was sold at an average price of $31.35, for a total transaction of $105,022.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Dennis Romps sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $36.20, for a total value of $362,000.00. Following the completion of the sale, the senior vice president now directly owns 31,265 shares in the company, valued at $1,131,793. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.

Large investors have recently modified their holdings of the business. BW Gestao de Investimentos Ltda. raised its holdings in shares of Continental Building Products by 12.9% in the 1st quarter. BW Gestao de Investimentos Ltda. now owns 35,929 shares of the construction company’s stock worth $1,026,000 after purchasing an additional 4,095 shares during the period. SG Americas Securities LLC raised its holdings in shares of Continental Building Products by 77.2% in the 1st quarter. SG Americas Securities LLC now owns 7,361 shares of the construction company’s stock worth $210,000 after purchasing an additional 3,206 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in shares of Continental Building Products in the 2nd quarter worth about $271,000. Trexquant Investment LP purchased a new position in shares of Continental Building Products in the 1st quarter worth about $380,000. Finally, California Public Employees Retirement System raised its holdings in shares of Continental Building Products by 14.5% in the 1st quarter. California Public Employees Retirement System now owns 53,996 shares of the construction company’s stock worth $1,542,000 after purchasing an additional 6,832 shares during the period. 99.14% of the stock is currently owned by hedge funds and other institutional investors.

Continental Building Products 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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